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    Property profile & analytics

    626 Haggen Dr Burlington, WA 98233-3331

    • Retail space
    • 7,847 SF
    • 1.04 lot acres
    OFF-MARKET
    Last Sale
    Dec 21, 2022
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2853260
    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

    • Burlington North Marketplace / Shopping Center & Mall
    • Mud Bay / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • MOD Pizza / Restaurant

    Property Details for 626 Haggen Dr

    Year built
    2016
    Lot size
    1.04 lot acres
    Property size
    7,847 SF
    Property type
    Retail space
    APN
    8096-000-007-0000
    APU
    80960000070000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,105,000
      6.5%
      $1,020,000
      7%
      $945,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $941,000
      Market price range: $257k - $1.01M

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Skagit
    State
    Washington
    Longitude
    -122.337
    Latitude
    48.4711
    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
    $17,435
    $605,900
    $1,236,700
    $1,842,600
    -
    $605,900
    $1,236,700
    $1,842,600

    Comparable in this City

    • Value Estimation
      $2,715,000
      21,160 SF

      1340 Bouslog Rd

      RETAIL STORES (PERSONAL SERVICES) • 21,160 SF
      1340 Bouslog Rd, Burlington, WA 98233-3402
      View Details
    • Value Estimation by Request
      0.81 Acres

      Burlington, WA 98233

      RETAIL STORES (PERSONAL SERVICES) • 0.81 Acres
      Burlington, WA 98233
      View Details
    • Value Estimation by Request
      1,950 SF

      515 Fairhaven Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,950 SF
      515 Fairhaven Ave, Burlington, WA 98233-1820
      View Details
    • Value Estimation by Request
      2,480 SF

      302 Lila Ln

      RETAIL STORES (PERSONAL SERVICES) • 2,480 SF
      302 Lila Ln, Burlington, WA 98233-3319
      View Details
    • Value Estimation by Request
      5,000 SF

      304 Lila Ln

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      304 Lila Ln, Burlington, WA 98233-3319
      View Details
    • Value Estimation by Request
      2,710 SF

      20371 State Rte 20

      RETAIL STORES (PERSONAL SERVICES) • 2,710 SF
      20371 State Rte 20, Burlington, WA 98233-4725
      View Details

    Similar Nearby for Sale

    • $1,500,000
      4,298 SF

      Burlington Blvd Retail Opportunity

      Prime retail storefront, high visibility.
      1126 Burlington Blvd, Burlington, WA 98233
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      4,298 SF

      Retail Building Near Cascade Mall

      4,298 SF retail building on 1.21 acres for sale.
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      Retail Building Near I-5 Exit

      Retail building with parking, near highway and shopping centers.
      301 E Rio Vista Ave, Burlington, WA 98233
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      Retail Center with Long-Term Leases

      Two-tenant retail center with established national tenants.
      910-914 S Burlington Blvd, Burlington, WA 98233
      View Details
    • $4,360,000
      15,099 SF

      Burlington Retail Center Investment

      High-Occupancy Retail Center in WA
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    • $500,000
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      1,579 sq ft office/residential space, prime location.
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    Similar Nearby for Lease

    • Contact for pricing
      21,638 SF

      Retail Space in Burlington Available

      4,889 SF retail space in a three-tenant building.
      130 East Fairhaven Ave, Burlington, WA 98233
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Power Center

      Highly visible retail space available in Burlington power center.
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      60,000 SF

      Retail Space in High-Visibility Center

      Retail space available in a highly visible shopping center.
      2000 S Burlington Blvd, Burlington, WA 98233
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    • 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
      1,368 SF

      Retail/Office Space in Burlington

      1,368 SF retail/office space available for rent.
      145 Cascade Pl, Burlington, WA 98233
      View Details
    • Contact for pricing
      4,300 SF

      Retail Space on Burlington Boulevard

      Retail space near major retailers with high traffic volume.
      1779 S Burlington Blvd, Burlington, WA 98233
      View Details

    Property Visit Statistics

    • Visits by month
      9.2k
    • Visitors by month
      7.2k
    • Avg Time on site
      25 min
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    626 Haggen Dr
    Burlington, WA 98233-3331
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    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
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