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Property profile & analytics
OFF-MARKET Estimated value $1,110,000
Commercial real estate

421 Midway Blvd Oak Harbor, WA 98277-2659

5,987 SF 1.03 ac lot Built 1987
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US90-1232058
Property summary
AI-generated overview

This exceptional 5,987 square foot retail property, located at 421 NE Midway Blvd in Oak Harbor, Washington, presents a unique investment opportunity. Situated on a 1.033-acre lot (45,002 square feet), this vacant building boasts ample parking for over 70 vehicles. Originally constructed in 1987, the property has undergone a complete renovation, including new windows, a new roof, and a new exterior, making it ready for immediate tenant build-out. The property is zoned for Business and Commercial use and benefits from a grandfathered large sign on Midway Boulevard. Its prime location on Midway Blvd, just blocks from the city center and a mile from Naval Air Station Whidbey Island (easily accessible from State Route 20), ensures high visibility and traffic. The property's versatility allows for a wide range of uses, including but not limited to restaurants, retail spaces, or office buildings. Further enhancing its appeal, this Oak Harbor property is located within an opportunity zone, offering significant tax and financing advantages for investors. The asking price is $1,475,000. The seller, a licensed general contractor, may be willing to negotiate design and build-out options. The property's APN is S7285000A0050 and the zip code is 98277.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1987
Total area 5,987 SF
Lot 1.03 ac (44,997 SF)
Zoning code OH
APN S7285-00-0A005-0
UPID US90-1232058
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
  • Grandee Car Accident Lawyer Network Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.22M
Blend (final) Blend
$1.11M
Owner & transaction history
Nurture With Care LLC
Nurture With Care LLC
since 2025
Last sale
$1.1M
5 recorded transactions
2025
$1.1M
2019
Price N/A
2017
$670,000
2007
Price N/A
2007
$450,000
Zoning & alternative use
OH · Oak Harbor, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.6M +2.2%
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