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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    402 State St Sedro Woolley, WA 98284-1602

    • Automotive properties
    • 6,112 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3065295
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Protech Automotive / Oil Change Service / Small Engine Repair Service
    • Rick's Refrigeration / Commercial Refrigerator Supplier / Refrigerator Repair Service

    Property Details for 402 State St

    Year built
    1960
    Lot size
    0.35 lot acres
    Property size
    6,112 SF
    Property type
    Automotive properties
    APN
    4151-081-002-0007
    APU
    41510810020007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sedro Woolley
    County
    Skagit
    State
    Washington
    Longitude
    -122.235
    Latitude
    48.5035
    CBSA code
    34580
    CBSA name
    MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,041
    $138,200
    $319,400
    $457,600
    -
    $138,200
    $319,400
    $457,600

    Comparable in this City

    • Value Estimation
      $130,000
      1,680 SF

      805 Puget St

      VEHICLE SALES, RENTALS • 1,680 SF
      805 Puget St, Sedro Woolley, WA 98284-1141
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    • Value Estimation
      $290,000
      100 SF

      655 Sunset Park Dr

      VEHICLE SALES, RENTALS • 100 SF
      655 Sunset Park Dr, Sedro Woolley, WA 98284
      View Details
    • Value Estimation
      $325,000
      1,620 SF

      101 Fry St

      VEHICLE SALES, RENTALS • 1,620 SF
      101 Fry St, Sedro Woolley, WA 98284-1408
      View Details
    • Value Estimation by Request
      1,864 SF

      224 Fry St

      VEHICLE SALES, RENTALS • 1,864 SF
      224 Fry St, Sedro Woolley, WA 98284-1417
      View Details
    • Value Estimation
      $245,000
      1,690 SF

      222 State St

      VEHICLE SALES, RENTALS • 1,690 SF
      222 State St, Sedro Woolley, WA 98284
      View Details
    • Value Estimation
      $335,000
      4,636 SF

      220 Fry St

      VEHICLE SALES, RENTALS • 4,636 SF
      220 Fry St, Sedro Woolley, WA 98284-1417
      View Details

    Similar Nearby for Sale

    • $699,900
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      Turnkey Restaurant Investment Opportunity

      Restaurant building in high-traffic area, leased to local establishment.
      108 W Moore St, Sedro Woolley, WA 98284
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    • $695,000
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      Prime Sedro-Woolley Storefront

      Downtown retail space, high cap rate.
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    • $585,000
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      Acreage with Shop and Home

      Nearly 5 acres with home, shop, and natural features.
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    • $399,500
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      Functional Office Building on Large Lot

      Distinctly designed office building with ample parking and easy access.
      10212 Collins Rd, Sedro Woolley, WA 98284
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    • Contact for pricing

      Land For Sale Sedro-Woolley

      Land available for purchase in Sedro-Woolley, Washington.
      700 Borseth St, Sedro Woolley, WA 98284
      View Details
    • New
      Contact for pricing
      0.36 Acres

      Land in Glenhaven Lakes Community

      Residential land in a community with lake access and amenities.
      1 West Alder Dr, Sedro Woolley, WA 98284
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      3,715 SF

      Retail Space in Mixed-Use Building

      Retail space available in new mixed-use building with 67 units.
      820 Trail Rd, Sedro Woolley, WA 98284
      View Details
    • $20 SF/Yr
      4,500 SF

      Retail Space in Sedro-Woolley

      Retail space with parking, remodel options, and high-traffic location.
      100 State St, Sedro Woolley, WA 98284
      View Details
    • $2,000 /Mo
      2,027 SF

      Sedro Woolley Office Building

      2,027 +/- sq ft office building for lease.
      525 W State St, Sedro Woolley, WA 98284
      View Details
    • $695,000
      4,481 SF

      Downtown Sedro-Woolley Multi-Use Building

      Renovated mixed-use building with live-work potential and off-street parking.
      315 State St, Sedro Woolley, WA 98284
      View Details
    • $12 SF/Yr
      3,633 SF

      Sedro Woolley Office Building

      3,633 SF office building for rent in Sedro Woolley.
      218 Woodworth St, Sedro Woolley, WA 98284
      View Details
    • $5,560 /Mo
      5,441 SF

      Industrial Shop Building For Rent

      5,441 SF shop building in Sedro Woolley, Washington.
      601 W State St, Sedro Woolley, WA 98284
      View Details
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    402 State St
    Sedro Woolley, WA 98284-1602
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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