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Property profile & analytics
OFF-MARKET
Estimated value
$17,210,000
Commercial real estate
400 Gilkey Rd, Burlington, WA 98233-2907
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0602557
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2001
Total area
95,517 SF
Lot
4.4 ac (191,664 SF)
APN
3867-000-079-0101
UPID
US90-0602557
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
-
Creekside Continuing Care Community Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.77M
Comparable Approach
Comparable
$18.89M
Blend (final)
Blend
$17.21M
Owner & transaction history
Kre Tiger Creekside LLC · 8 yrs held
Kre Tiger Creekside LLC
since 2018
7 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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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
by Request
CAP Approach
CAP Return
Estimation
6%
$14,910,000
6.5%
$13,765,000
7%
$12,780,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$24,850,000
Current use
AUTO REPAIR, GARAGE
$23,035,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$23,000,000
Change: -7% · Conversion: Easy
OFFICE BUILDING
$21,925,000
Change: -12% · Conversion: Easy
RESTAURANT
$20,110,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$17.21M
Range $15.49M – $18.93M · ±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
$180 / 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
$231,397
Tax year 2022
Assessed value
$24,461,700
Assessed 2021
Previous assessed
$24,461,700
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,086,700
Assessed improvement
$23,375,000
Land market value
$1,086,700
Improvement market value
$23,375,000
Total market value
$24,461,700
Applied tax rate
905.0000
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 (GENERAL)
Status
Off-Market
Year built
2001
Heating
NONE
Buildings
12
Stories
1
Total area
95,517 SF
Lot
4.4 ac (191,664 SF)
APN
3867-000-079-0101
UPID
US90-0602557
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
COMMERCIAL (GENERAL) Current
Est. value
$24.9M
AUTO REPAIR, GARAGE
Est. value
$23.0M
RETAIL STORES
Est. value
$23.0M
OFFICE BUILDING
Est. value
$21.9M
RESTAURANT
Est. value
$20.1M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
RESTAURANT
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
2001
Heating
NONE
Stories
1
Buildings
12
Lot
4.4 ac
Current owner
From public records · entity-resolved
Kre Tiger Creekside LLC
Entity
Mailing address
9 W 57TH ST STE #4200, NEW YORK, NY 10019-2707
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2019
—
Kre Tiger Creekside LLC
—
Grant Deed
related
$118,000,000 · Wells Fargo Bk
Jan 29, 2018
$26,025,028
Kre Tiger Creekside LLC
Welltower INC
Grant Deed
$307,906,000 · Wells Fargo Bk
Feb 3, 2015
$31,499,719
Health Care Reit INC
Afi Burlington Owner LLC
Grant Deed
—
Aug 21, 2012
—
Afi Burlington Owner LLC
Resource Transition Consultant
Grant Deed
—
Sep 16, 2008
—
Genesis Management Group LLC
—
Deed Of Trust
related
$15,000,000 · Bank Of The West
Feb 9, 2001
—
Genesis Management Group LLC
—
Grant Deed
related
$1,150,000 · Frontier Bank
Dec 12, 2000
—
Genesis Management Group LLC
Gonzalez,ramiro B
Quit Claim Deed
related
—
Aug 1, 2000
$476,993
Genesis Management Group LLC
Gonzalez,ramiro B
Trustees Deed
—
Aug 1, 2000
—
Genesis Management Group LLC
—
Grant Deed
related
$8,500,000 · Frontier Bank
—
—
Genesis Management Group LLC
—
Deed Of Trust
related
$2,130,000 · Horizon Bank
—
—
Genesis Management Group LLC
—
Deed Of Trust
related
$1,000,000 · Summit Bank
—
—
Genesis Management Group LLC
—
Deed Of Trust
related
$1,630,000 · Horizon Bank
—
—
Genesis Management Group LLC
—
Deed Of Trust
related
$343,878 · Horizon Bank
—
—
Genesis Management Group
—
Deed Of Trust
related
$11,150,000 · Horizon Bank
—
—
Genesis Management Group INC
—
Deed Of Trust
related
$200,000 · Horizon Bank
—
—
Afi Burlington Owner LLC
—
Deed Of Trust
related
$14,000,000 · Bb&t Real Estate Funding LLC
—
—
Genesis Management Group LLC
—
Deed Of Trust
related
$40,000 · Micheal J Spink
—
—
Genesis Management Group LLC
—
Deed Of Trust
related
$288,904 · Horizon Bank
—
—
Genesis Management Group LLC
—
Deed Of Trust
related
$15,000,000 · Bank Of The West
—
—
Stanley & Shorten LLC
—
Loan Modification
related
$22,400,000 · Private Individual
—
—
Stanley & Shorten LLC
—
Loan Modification
related
$22,400,000 · Health Care Reit INC
—
—
Ramiro B Gonzalez
—
Deed Of Trust
related
$42,000 · Boeing Employees Cu
—
—
Stanley & Shorten LLC
—
Loan Modification
related
$20,850,000 · Health Care Reit INC
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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