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Property profile & analytics
OFF-MARKET
Estimated value
$6,710,000
Apartment buildings
677 Peterson Rd 693 Burlington, WA 98233-2605
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0444827
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Total area
53,520 SF
Lot
0 ac (83 SF)
APN
3867-000-049-0108
UPID
US90-0444827
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
-
Cascade Village Apartments Apartment Complex
-
Beltway Den Towing Experts Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.47M
Comparable Approach
Comparable
$6.55M
Blend (final)
Blend
$6.71M
Owner & transaction history
Grandviews Cascade Village LLC · 7 yrs held
Grandviews Cascade Village LLC
since 2019
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 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%
$5,920,000
6.5%
$5,465,000
7%
$5,070,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,560,000
Current use
Blend value · Realmo final
$6.71M
Range $6.04M – $7.38M · ±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
$125 / 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
$168,596
Tax year 2023
Assessed value
$19,200,500
Assessed 2022
Previous assessed
$9,856,200
+94.8% YoY
Effective rate
0.88%
On assessed value
Assessed land
$12,480,000
Assessed improvement
$6,720,500
Land market value
$12,480,000
Improvement market value
$6,720,500
Total market value
$19,200,500
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1976
Heating
FORCED AIR
Cooling
YES
Bathrooms
2
Total area
53,520 SF
Lot
0 ac (83 SF)
APN
3867-000-049-0108
UPID
US90-0444827
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$9.6M
APARTMENT HOUSE (5+ UNITS) Current
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
1976
Heating
FORCED AIR
Cooling
Yes
Bathrooms
2
Lot
0 ac
Current owner
From public records · entity-resolved
Grandviews Cascade Village LLC
Entity
Mailing address
PO BOX 159, ARLINGTON, WA 98223-0159
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2022
—
Grandviews Cascade Village LLC
—
Deed
related
$2,492,700 · M&t Realty Capital Corp
Mar 22, 2019
—
Grandviews Cascade Vlg LLC
—
Deed
related
$11,702,600 · M&t Realty Cap Corp
Mar 4, 2019
—
Grandviews Cascade Village LLC
Grandview North LLC
Quit Claim Deed
related
—
Feb 5, 2019
—
Grandview North LLC
—
Deed
related
$10,897,531 · Other Institutional Lenders
Aug 10, 2018
—
Garndview North LLC
—
Deed
related
$10,527,000 · Other Institutional Lenders
Jul 31, 2017
—
Grandview North LLC
—
Deed
related
$10,244,000 · Other Institutional Lenders
Apr 30, 2015
$650,000
Grandview North LLC
Ericson Paul D & Marian K
Warranty Deed
$635,000 · J&j Dakota LLC
Apr 5, 2010
$330,000
Elsie M Auffret
Ericson,paul D & Marian K
Warranty Deed
$220,000 · Golf Savings Bank
Feb 22, 2010
—
Paul D Ericson
Ericson,paul D & Marian K
Quit Claim Deed
related
—
—
—
Grandview North LLC
—
Loan Modification
related
$10,897,531 · Other Institutional Lenders
—
—
Grandviews Cascade Vlg LLC
—
Deed Of Trust
related
$11,702,600 · M&t Realty Cap Corp
—
—
Grandview North LLC
—
Deed Of Trust
related
$10,244,000 · Other Institutional Lenders
—
—
Garndview North LLC
—
Loan Modification
related
$10,527,000 · Other Institutional Lenders
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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