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Property profile & analytics
OFF-MARKET
Estimated value
$2,630,000
Motels
3401 Commercial Ave, Anacortes, WA 98221-4227
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0895861
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1950
Total area
15,911 SF
Lot
0.69 ac (30,013 SF)
APN
3775-007-010-0000
UPID
US90-0895861
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
-
Parallel 49 Apartment Building
-
Bamboo Bistro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.55M
CAP Approach
CAP
$1.66M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.63M
Owner & transaction history
3401 Commercial Ave LLC · 3 yrs held
3401 Commercial Ave LLC
since 2022
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+98.9%
Warehouse, storage
$2.7M
+48.0%
Industrial (general)
$2.6M
+41.4%
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
$2,425,000
ML approach
$2,545,000
CAP Approach
CAP Return
Estimation
6%
$1,795,000
6.5%
$1,655,000
7%
$1,540,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,825,000
Current use
COMMERCIAL (GENERAL)
$3,630,000
Change: +99% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,700,000
Change: +48% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,580,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$2,455,000
Change: +35% · Conversion: Difficult
RESTAURANT
$2,380,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,255,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$2,200,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$2.63M
Range $2.37M – $2.89M · ±10% · vs last sale $2.78M (Jul 29 2022)
Last sale anchor
$2.78M
Jul 29 2022
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
$165 / 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
$13,191
Tax year 2022
Assessed value
$1,543,600
Assessed 2021
Previous assessed
$1,543,600
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$703,100
Assessed improvement
$840,500
Land market value
$703,100
Improvement market value
$840,500
Total market value
$1,543,600
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1950
Heating
NONE
Buildings
3
Stories
1
Total area
15,911 SF
Lot
0.69 ac (30,013 SF)
APN
3775-007-010-0000
UPID
US90-0895861
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
HOTEL/MOTEL Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$2.7M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.5M
RESTAURANT
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RETAIL STORES
Est. value
$2.2M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
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
1950
Heating
NONE
Stories
1
Buildings
3
Lot
0.69 ac
Current owner
From public records · entity-resolved
3401 Commercial Ave LLC
Entity
Mailing address
PO BOX 661, BELLEVUE, WA 98009-0661
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
$2,775,000
3401 Commercial Ave LLC
Anacortes Klst LLC
Warranty Deed
$4,200,000 · Peoples Bank
Jan 14, 2010
—
Bela Berghuys
Poor,david
Quit Claim Deed
related
—
Oct 21, 1999
—
Bela Berghuys
Poor,david
Quit Claim Deed
related
—
—
—
Bela W Berghuys
—
Deed Of Trust
related
$1,000,000 · Bank Of The Pacific
—
—
Bela Berghuys
—
Deed Of Trust
related
$50,000 · John C Nunez
—
—
David Poor
—
Deed Of Trust
related
$156,975 · Skagit State Bank
—
—
Bela W Berghuys
—
Deed Of Trust
related
$25,000 · Skagit State Bank
—
—
Bela Wilhemina
—
Deed Of Trust
related
$381,343 · Skagit State Bank
—
—
Bela W Berghuys
—
Deed Of Trust
related
$1,050,000 · Skagit State Bank
—
—
Bela W Berghuys
—
Deed Of Trust
related
$25,000 · Skagit State Bank
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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