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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
3202 Commercial Ave Anacortes, WA 98221-4212
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1070347
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
2,184 SF
Lot
0.25 ac (10,803 SF)
APN
350230-2-001-0000
UPID
US90-1070347
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Anacortes Hearing Center Medical Clinic
-
Guardian Northwest Title & Escrow of Anacortes Title Company
-
Dr. Holly Kennedy Physician
-
First American Exchange-Skagit Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$330k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$644k
Blend (final)
Blend
$545k
Owner & transaction history
Guardian Northwest Title & Escrow C · 1 yrs held
Guardian Northwest Title & Escrow C
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$595,000
+19.0%
Auto repair, garage
$525,000
+5.1%
Retail stores
$525,000
+4.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Anacortes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anacortes submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$500,000
Current use
COMMERCIAL (GENERAL)
$595,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$525,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$525,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$545k
Range $491k – $600k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$250 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$5,099
Tax year 2022
Assessed value
$596,300
Assessed 2021
Previous assessed
$596,300
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$427,100
Assessed improvement
$169,200
Land market value
$427,100
Improvement market value
$169,200
Total market value
$596,300
Applied tax rate
900.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Heating
NONE
Stories
1
Total area
2,184 SF
Lot
0.25 ac (10,803 SF)
APN
350230-2-001-0000
UPID
US90-1070347
Jurisdiction
SKAGIT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$500,000
COMMERCIAL (GENERAL)
Est. value
$595,000
AUTO REPAIR, GARAGE
Est. value
$525,000
RETAIL STORES
Est. value
$525,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Guardian Northwest Title & Escrow C
Individual
Mailing address
PO BOX 1667, MOUNT VERNON, WA 98273-1667
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2025
—
Guardian Northwest Title & Escrow C
—
Deed
related
$200,000 · Peoples Bank
Oct 1, 2019
—
Guardian Nw Title & Escrow Co
—
Deed
related
$102,000 · 511 Morris St LLC
Sep 5, 2019
—
Guardian Nw Title & Escrow Co
—
Deed
related
$180,000 · Other Institutional Lenders
Oct 14, 2016
—
Skagit County Title Co
—
Deed
related
$1,200,000 · Peoples Bk
—
—
Guardian Nw Title & Escrow Co
—
Deed Of Trust
related
$102,000 · 511 Morris St LLC
—
—
Guardian Nw Title & Escrow Co
—
Deed Of Trust
related
$180,000 · Other Institutional Lenders
—
—
Skagit County Title Co
—
Deed Of Trust
related
$651,562 · Washington Federal Savings
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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