Property profile

423 Fairhaven Ave Burlington, WA 98233

OFF-MARKET
Turn key restaurants
Property ID
US90-1210693
5,346 SF 0.62 ac lot Built 1971
Entity Owned 2-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1971
Total area 5,346 SF
Lot 0.62 ac (27,199 SF)
APN 4076-040-011-0004
UPID US90-1210693

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

423 Fairhaven Ave Burlington, WA 98233-1818
Burlington metro Census 951800 MOUNT VERNON-ANACORTES, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$890k
CAP Approach CAP
by Request
Comparable Approach Comparable
$671k
Blend (final) Blend
$890k

Owner & transaction history

since 2024
Last sale
$888,000
4 recorded transactions
2024
Price N/A
2022
$888,000
2019
Price N/A
2017
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.4M +23.6%
Auto repair, garage $1.3M +14.5%
Retail stores $1.3M +14.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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