Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    533 Fairhaven Ave Burlington, WA 98233-1820

    • Retail properties & Spaces
    • 9,570 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $765,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0472990
    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

    • Decamp & Stradford Furniture Inc / Furniture & Home Goods / Home Decor Store
    • Shelton Precision LLC's Silencer Shop / Gun Shop / Ammunition Supplier
    • Anything American Custom Military Shadow Boxes / Military Board

    Property Details for 533 Fairhaven Ave

    Year built
    1900
    Lot size
    0.17 lot acres
    Property size
    9,570 SF
    Property type
    Retail properties & Spaces
    APN
    4076-039-020-0005
    APU
    40760390200005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Skagit
    State
    Washington
    Longitude
    -122.328
    Latitude
    48.4758
    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
    2022
    $4,774
    $141,800
    $362,400
    $504,200
    -
    $141,800
    $362,400
    $504,200

    Comparable in this City

    • Value Estimation
      $4,615,000
      33,860 SF

      1955 Burlington Blvd

      DEPARTMENT STORE • 33,860 SF
      1955 Burlington Blvd, Burlington, WA 98233-3227
      View Details
    • Value Estimation by Request
      1,568 SF

      280 Burlington Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,568 SF
      280 Burlington Blvd, Burlington, WA 98233-1116
      View Details
    • Value Estimation by Request
      8,854 SF

      701 Cascade Hwy

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 8,854 SF
      701 Cascade Hwy, Burlington, WA 98233-1371
      View Details
    • Value Estimation
      $7,545,000
      69,051 SF

      1942 Marketplace Dr

      DEPARTMENT STORE • 69,051 SF
      1942 Marketplace Dr, Burlington, WA 98233-3206
      View Details
    • Value Estimation by Request
      50,625 SF

      500 Cascade Mall Dr

      DEPARTMENT STORE • 50,625 SF
      500 Cascade Mall Dr, Burlington, WA 98233-3258
      View Details
    • Value Estimation
      $1,090,000
      9,736 SF

      2054 Burlington Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 9,736 SF
      2054 Burlington Blvd, Burlington, WA 98233-3203
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Building Near I-5 Exit

      Retail building with parking, near highway and shopping centers.
      301 E Rio Vista Ave, Burlington, WA 98233
      View Details
    • Contact for pricing
      4,298 SF

      Retail Building Near Cascade Mall

      Retail building on Burlington Blvd near Target and Fred Meyer.
      1126 S Burlington Blvd, Burlington, WA 98233
      View Details
    • Contact for pricing
      4,298 SF

      Retail Building Near Cascade Mall

      4,298 SF retail building on 1.21 acres for sale.
      1126 South Burlington Blvd, Burlington, WA 98233
      View Details
    • $1,999,999

      Burlington Commercial Building - Huge Potential

      Prime Burlington location, versatile zoning, excellent condition.
      1266 Bouslog Rd, Burlington, WA 98233
      View Details
    • Contact for pricing

      Burlington Office Space For Rent

      Office suites available for lease in Burlington, Washington.
      195 East George Hopper Rd, Burlington, WA 98233
      View Details
    • Contact for pricing

      Established Restaurant in Downtown Location

      Thriving restaurant for sale in a prime downtown location.
      624 E Fairhaven Ave, Burlington, WA 98233
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,794 SF

      Former Restaurant Space Available

      Restaurant space with equipment available for lease in Burlington.
      478 Andis Rd, Burlington, WA 98233
      View Details
    • Contact for pricing

      Retail Space in Burlington

      Centrally located retail space in a high-traffic area.
      478 Andis Rd, Burlington, WA 98233
      View Details
    • Contact for pricing
      9,460 SF

      Retail Space on Burlington Blvd

      Freestanding retail building with frontage on Burlington Blvd.
      1220 S Burlington Blvd, Burlington, WA 98233
      View Details
    • Contact for pricing
      26,496 SF

      Burlington Showroom/Retail/Warehouse Space Available

      Demisable showroom, retail, and warehouse space in excellent condition.
      1801-1851 Bouslog Rd, Burlington, WA 98233
      View Details
    • Contact for pricing
      2,360 SF

      Retail Space on Burlington Boulevard

      Retail space with high visibility and dedicated parking available for rent.
      560 S Burlington Blvd, Burlington, WA 98233
      View Details
    • Contact for pricing

      Retail Center with Long-Term Leases

      Two-tenant retail center with established national tenants.
      910-914 S Burlington Blvd, Burlington, WA 98233
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    533 Fairhaven Ave
    Burlington, WA 98233-1820
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!