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Property profile & analytics
OFF-MARKET
Estimated value
$4,795,000
Motels
500 George Hopper Rd, Burlington, WA 98233-3160
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0769306
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2018
Total area
48,278 SF
Lot
2.01 ac (87,556 SF)
APN
8025-000-003-0000
UPID
US90-0769306
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
-
Comfort Suites Burlington Near I-5 Hotel & Motel
-
WW Studio @ Comfort Suites Burlington near I-5 Weight Loss Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.03M
Comparable Approach
Comparable
$4.56M
Blend (final)
Blend
$4.80M
Owner & transaction history
500 E George Hopper LLC · 7 yrs held
500 E George Hopper LLC
since 2018
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.8M
+99.1%
Office building
$6.2M
+81.4%
Restaurant
$5.5M
+61.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$5,445,000
6.5%
$5,025,000
7%
$4,670,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,390,000
Current use
COMMERCIAL (GENERAL)
$6,750,000
Change: +99% · Conversion: Difficult
OFFICE BUILDING
$6,150,000
Change: +81% · Conversion: Difficult
RESTAURANT
$5,480,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$5,205,000
Change: +53% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,155,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,750,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$3,710,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$4.80M
Range $4.32M – $5.27M · ±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
$99 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$74,445
Tax year 2022
Assessed value
$7,869,400
Assessed 2021
Previous assessed
$7,869,400
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$936,000
Assessed improvement
$6,933,400
Land market value
$936,000
Improvement market value
$6,933,400
Total market value
$7,869,400
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2018
Heating
NONE
Total area
48,278 SF
Lot
2.01 ac (87,556 SF)
APN
8025-000-003-0000
UPID
US90-0769306
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
HOTEL/MOTEL Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.2M
RESTAURANT
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$5.2M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
RETAIL STORES
Est. value
$3.7M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
2018
Heating
NONE
Lot
2.01 ac
Current owner
From public records · entity-resolved
500 E George Hopper LLC
Entity
Free & Clear · 7 yrs held
Mailing address
12708 LEATHERWOOD LN, BOW, WA 98232-8202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2018
—
500 E George Hopper LLC
Advantage Business Park LLC
Quit Claim Deed
related
—
Dec 22, 2017
—
Advantage Business Park LLC
—
Grant Deed
related
$7,000,000 · Heritage Bk
Oct 5, 2006
—
Advantage Business Park LLC
White,timothy B
Quit Claim Deed
related
—
Apr 5, 2004
—
Advantage Business Park LLC
—
Grant Deed
related
$3,450,000 · Whidbey Island Bank
Nov 21, 2003
—
Advantage Business Park LLC
Port Of Skagit County
Grant Deed
$1,508,500 · 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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