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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office buildings
417 Pease Rd Burlington, WA 98233-3113
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-3230479
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1953
Construction
CONCRETE
Total area
1,891 SF
Lot
0.56 ac (24,219 SF)
APN
340405-3-006-0203
UPID
US90-3230479
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
-
DC Health Chiropractic Alternative Medicine Practice
-
Jacob W. Harris, DC Alternative Medicine Practice
-
Pure Joy Skin Care and Wax Studio Spa & Massage Center Skin Care Clinic
-
Yoni Gamliel Restaurant
-
Eric Bartsch Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
$664k
Blend (final)
Blend
$520k
Owner & transaction history
Jacob W Harris · 9 yrs held
Jacob W Harris
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$490,000
+13.4%
Auto repair, garage
$455,000
+5.1%
Retail stores
$455,000
+4.9%
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
$365,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$435,000
Current use
COMMERCIAL (GENERAL)
$490,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$455,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$455,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$275 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,020
Tax year 2023
Assessed value
$571,100
Assessed 2022
Previous assessed
$388,500
+47.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$425,000
Assessed improvement
$146,100
Land market value
$425,000
Improvement market value
$146,100
Total market value
$571,100
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1953
Construction
CONCRETE
Heating
BASEBOARD
Stories
1
Bathrooms
2
Total area
1,891 SF
Lot
0.56 ac (24,219 SF)
APN
340405-3-006-0203
UPID
US90-3230479
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
OFFICE BUILDING Current
Est. value
$435,000
COMMERCIAL (GENERAL)
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$455,000
RETAIL STORES
Est. value
$455,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1953
Construction
CONCRETE
Heating
BASEBOARD
Stories
1
Bathrooms
2
Lot
0.56 ac
Current owner
From public records · entity-resolved
Jacob W Harris
Individual
Mailing address
12888 EAGLE DR, BURLINGTON, WA 98233-3813
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
Sep 27, 2016
—
Jacob W Harris
Miller-harris,bobbie
Quit Claim Deed
related
—
Sep 27, 2016
$385,000
Jacob W Harris
Hcr Property Management LLC
Warranty Deed
$376,000 · Savibank
Jan 4, 2007
$350,000
Hcr Property Management LLC
Smiley,dean A
Warranty Deed
$350,000 · George & Louise Eusterman
Sep 11, 2003
$265,000
Dean A Smiley
Hcr Property Management LLC
Grant Deed
$185,500 · Peoples Bank & Trust
Apr 10, 2000
—
Hcr Property Management LLC
Hilsinger & Co PLLC
Quit Claim Deed
related
—
Sep 11, 1998
$145,000
Hilsinger & Company PLLC
Cook,harry F
Grant Deed
$125,000 · Seller
Aug 25, 1998
$146,569
Harry Cook
Perry,thomas C
Trustees Deed
—
—
—
Hilsinger & Company PLLC
—
Deed Of Trust
related
$52,507 · Whidbey Island Bank
—
—
Hcr Property Management LLC
—
Deed Of Trust
related
$50,000 · Whidbey Island Bank
—
—
Hcr Properties Management LLC
—
Deed Of Trust
related
$135,000 · James E Bolduc Trustee
—
—
Robert C Hilsinger
—
Deed Of Trust
related
$177,600 · Whidbey Island 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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