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Property profile & analytics
OFF-MARKET
Retail space
623 Morris St La Conner, WA 98257-7041
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-3074999
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
1,270 SF
Lot
0.7 ac (30,679 SF)
APN
6080-000-005-0200
UPID
US90-3074999
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
-
COA mexican eatery & tequileria Restaurant
-
Rowdy Dog Antique Lighting Home Decor Store (Bike/Boat/Book/etc) Store
-
M.D. MedSpa & Wellness Centers La Conner Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Morris Street Investments LLC
Morris Street Investments LLC
since 2026
Last sale
$500,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,716
Tax year 2024
Assessed value
$331,200
Assessed 2023
Previous assessed
$285,400
+16.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$105,300
Assessed improvement
$225,900
Land market value
$105,300
Improvement market value
$225,900
Total market value
$331,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Total area
1,270 SF
Lot
0.7 ac (30,679 SF)
APN
6080-000-005-0200
UPID
US90-3074999
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
Building & site characteristics
From public records
Lot
0.7 ac
Current owner
From public records · entity-resolved
Morris Street Investments LLC
Entity
Mailing address
3305 204TH AVE CT E, LAKE TAPPS, WA 98391-9021
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2026
$375,000
Morris Street Investments LLC
Darth LLC
Warranty Deed
$300,000 · Mountain Pacific Bank
Aug 18, 2025
—
Morris Street LLC
—
Deed
related
$495,000 · Mountain Pacific Bank
Oct 28, 2024
$40,000
Morris Street LLC
Mariah P Dunning
Warranty Deed
—
Sep 19, 2024
$500,000
Jonathan Volland
John D Dunning
Warranty Deed
$375,000 · Mountain Pacific Bank
Sep 19, 2024
—
Jonathan Volland
Melissa Volland
Quit Claim Deed
related
—
Nov 8, 2022
$535,000
Morris Street LLC
Tillinghast Seed Company Of Laconne
Warranty Deed
$400,000 · Mountain Pacific Bank
Nov 22, 2021
$399,000
Mariah P Dunning
Tillinghast Seed Company & Laconner
Warranty Deed
$299,500 · Mountain Pacific Bank
Sep 10, 2021
$299,000
Darth LLC
Tillinghast Seed Company Of Laconne
Warranty Deed
—
May 12, 2021
$329,000
John D Dunning
Tillinghast Seed Co Opf Laconner Ll
Warranty Deed
—
Apr 21, 2021
—
Paul D Shong
Tillinghast Seed Company Of Laconne
Deed
related
—
Apr 9, 2021
$300,000
Paul D Shong
Tillinghast Seed Company Of Laconne
Warranty Deed
—
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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