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    Property profile & analytics

    45977 Main St Concrete, WA 98237

    • Retail space
    • 768 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $820,000
    Last Sale
    Dec 16, 2022
    $910,000
    Location Intelligence
    Property ID
    US90-0033908
    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

    • Retail space

    Property Details for 45977 Main St

    Year built
    1925
    Lot size
    0.36 lot acres
    Property size
    768 SF
    Property type
    Retail space
    APN
    4048-001-026-0004
    APU
    40480010260004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $795,000

    • CAP approach

      CAP return
      Estimation
      6%
      $860,000
      6.5%
      $990,000
      7%
      $975,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $800,000
      Geo Method
      $825,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $990,000
      Retail
      $1,020,000
      Mixed-Use
      $900,000
      Hospitality
      $845,000
      Educational
      $755,000
      Residential Income
      $820,000
      Energy
      $800,000
      Income-Based Land
      $750,000
      Food Service
      $1,030,000

    Location Insight

    • Map
    • Local Demand
    City
    Concrete
    County
    Skagit
    State
    Washington
    Longitude
    -121.745
    Latitude
    48.5391
    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
    $894
    $72,900
    $28,600
    $101,500
    -
    $72,900
    $28,600
    $101,500

    Comparable in this City

    • Value Estimation
      $70,000
      1,250 SF

      45948 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,250 SF
      45948 Main St, Concrete, WA 98237
      View Details
    • Value Estimation by Request
      1,980 SF

      45908 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,980 SF
      45908 Main St, Concrete, WA 98237
      View Details
    • Value Estimation by Request
      1,250 SF

      45871 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,250 SF
      45871 Main St, Concrete, WA 98237-9710
      View Details
    • Value Estimation by Request
      486 SF

      7362 Thompson Ave

      RETAIL STORES (PERSONAL SERVICES) • 486 SF
      7362 Thompson Ave, Concrete, WA 98237
      View Details
    • Value Estimation
      $810,000
      2,400 SF

      39952 State Rte 20

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      39952 State Rte 20, Concrete, WA 98237-9475
      View Details
    • Value Estimation by Request
      1,913 SF

      7460 Dillard Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,913 SF
      7460 Dillard Ave, Concrete, WA 98237-9434
      View Details

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    45977 Main St
    Concrete, WA 98237
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    Realmo Value Estimation

    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.

    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.

    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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