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Property profile & analytics
OFF-MARKET
Commercial real estate
390 Midway Blvd 23 Oak Harbor, WA 98277-2642
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1790245
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1986
Construction
WOOD
Total area
608 SF
Lot
0.03 ac (1,233 SF)
APN
S7507-00-00023-0
UPID
US90-1790245
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
-
Rhythm In Motion Training Center
-
Island Premier Properties Real Estate Agency
-
Life Without Limits, LLC Physician
-
Sharon Andor Physician
-
(Weddings by) Sacred Ceremonies Ministry Wedding Service Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rrw Properties LLC · 7 yrs held
Rrw Properties LLC
since 2019
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Oak Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Harbor 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Property tax & assessments
Assessed value
$40,907
Assessed 2023
Previous assessed
$33,490
+22.1% YoY
Assessed land
$5,000
Assessed improvement
$35,907
Land market value
$5,000
Improvement market value
$35,907
Total market value
$40,907
Applied tax rate
100.0000
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
ELECTRIC
Stories
1
Rooms
1
Total area
608 SF
Lot
0.03 ac (1,233 SF)
APN
S7507-00-00023-0
UPID
US90-1790245
Jurisdiction
ISLAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
ELECTRIC
Stories
1
Rooms
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Rrw Properties LLC
Entity
Mailing address
3186 SW SCENIC HTS ST, OAK HARBOR, WA 98277-8178
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2019
$120,000
Rrw Properties LLC
Business Bk Of Skagit Cnty
Warranty Deed
—
Apr 24, 2013
—
Business Bk Of Skagit Cnty
Midway Traders Village LLC
Deed In Lieu Of Foreclosure
related
—
—
—
Midway Traders Village LLC
—
Deed Of Trust
related
$450,000 · Midway Loan Group LLC
—
—
Midway Traders Village LLC
—
Loan Modification
related
—
—
—
Midway Traders Village LLC
—
Deed Of Trust
related
$149,460 · Business 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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