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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Grocery and convenience stores
606 Morris St La Conner, WA 98257
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0139034
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1900
Total area
2,362 SF
Lot
0.17 ac (7,590 SF)
APN
4124-016-003-0006
UPID
US90-0139034
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
-
Crescent Moon Yoga Gym & Fitness Center
-
Salt and Shadows Studio Life Coach Service Establishment
-
606 Morris (Bike/Boat/Book/etc) Store
-
Self Care Creature HQ Life Coach
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$700k
Blend (final)
Blend
$540k
Owner & transaction history
606 Morris LLC · 8 yrs held
606 Morris LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 La Conner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Conner 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$695,000
Current use
COMMERCIAL (GENERAL)
$600,000
Change: -13% · Conversion: Easy
AUTO REPAIR, GARAGE
$570,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$229 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,269
Tax year 2023
Assessed value
$627,700
Assessed 2022
Previous assessed
$534,800
+17.4% YoY
Effective rate
0.84%
On assessed value
Assessed land
$246,200
Assessed improvement
$381,500
Land market value
$246,200
Improvement market value
$381,500
Total market value
$627,700
Applied tax rate
920.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1900
Heating
NONE
Total area
2,362 SF
Lot
0.17 ac (7,590 SF)
APN
4124-016-003-0006
UPID
US90-0139034
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
RETAIL STORES Current
Est. value
$695,000
COMMERCIAL (GENERAL)
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$570,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1900
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
606 Morris LLC
Entity
Mailing address
15634 SNEE OOSH RD, LA CONNER, WA 98257-8926
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2018
$350,000
606 Morris LLC
Pease,martha C
Warranty Deed
$205,000 · Savibank
Feb 2, 2018
$350,000
Martha C Pease
Herzog,ronald C & Sheila A
Warranty Deed
—
Nov 18, 2005
$400,000
Ronald C Herzog
Mcjunkin,linda J
Warranty Deed
—
Jun 9, 2003
—
Dennis G Berry
Skagit State Bank
Quit Claim Deed
related
—
Jul 12, 2002
$354,837
Linda J Mcjunkin
Berry,dennis G & Jolene K
Grant Deed
$183,000 · Mcjunkin Trust
Feb 1, 2000
$285,033
Dennis G Berry
Holmquist,ray E
Grant Deed
$204,913 · Skagit State Bank
Feb 4, 1998
$230,000
Ray E Holmquist
Carer,david V & Annella J
Grant Deed
$195,940 · Key Bank NA
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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