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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Motels
3402 Commercial Ave, Anacortes, WA 98221-4228
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-3348841
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1925
Construction
CONCRETE
Total area
5,029 SF
Lot
0.5 ac (21,911 SF)
APN
3775-002-007-0006
UPID
US90-3348841
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
-
Nantucket Inn Anacortes Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Similk Ents LLC · 9 yrs held
Similk Ents LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$815,000
+41.4%
Office building
$775,000
+34.6%
Restaurant
$750,000
+30.4%
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
by Request
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$575,000
Current use
INDUSTRIAL (GENERAL)
$815,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$775,000
Change: +35% · Conversion: Difficult
RESTAURANT
$750,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$710,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$695,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$100 / 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
$8,725
Tax year 2022
Assessed value
$1,020,800
Assessed 2021
Previous assessed
$1,020,800
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$468,400
Assessed improvement
$552,400
Land market value
$468,400
Improvement market value
$552,400
Total market value
$1,020,800
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
1925
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
6
Total area
5,029 SF
Lot
0.5 ac (21,911 SF)
APN
3775-002-007-0006
UPID
US90-3348841
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
$575,000
INDUSTRIAL (GENERAL)
Est. value
$815,000
OFFICE BUILDING
Est. value
$775,000
RESTAURANT
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$710,000
RETAIL STORES
Est. value
$695,000
HOTEL/MOTEL Current
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
1925
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
6
Lot
0.5 ac
Current owner
From public records · entity-resolved
Similk Ents LLC
Entity
Mailing address
3402 COMMERCIAL AVE, ANACORTES, WA 98221-4228
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
—
Simik Enterprises LLC
—
Deed
related
$729,006 · Savibank
Oct 14, 2016
$950,000
Similk Ents LLC
Ln Ship Harbor Inn INC
Warranty Deed
$790,000 · Savibank
Jun 6, 2016
—
Ln Ship Harbor Inn INC
Yosemite Management Group LLC
Deed In Lieu Of Foreclosure
—
Nov 16, 2006
$900,000
Yosemite Management Group LLC
Bransford,r Douglas & Lynda L
Warranty Deed
$540,000 · Peoples Bank & Trust
Aug 23, 2006
—
Douglas Bransford
Jones,ronald C
Quit Claim Deed
related
—
Dec 28, 2005
$999,719
Ronald C Jones
Bransford,douglas & Lynda
Grant Deed
—
Jul 15, 1996
$300,000
Bransford R D
Lingwood,sarah J
Grant Deed
$210,000 · Washington Federal Savings
—
—
Yosemite Management Group LLC
—
Deed Of Trust
related
$180,000 · Barry Fischer
—
—
Bransford K D
—
Deed Of Trust
related
$107,207 · Us Bank NA Nd
—
—
Yosemite Management Group LLC
—
Deed Of Trust
related
$257,650 · Sterling Pacific Fin'l
—
—
Bransford R D Al
—
Deed Of Trust
related
$270,000 · 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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