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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Bed & breakfasts
685 Argyle Ave Friday Harbor, WA 98250-9362
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-3063197
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1910
Total area
2,449 SF
Lot
0.49 ac (21,301 SF)
APN
351491-522-000
UPID
US90-3063197
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Henderson Norwester Camp · 3 yrs held
Henderson Norwester Camp
since 2022
Last sale
$935,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$975,000
+175.6%
Commercial (general)
$600,000
+70.5%
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 Friday Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Friday Harbor 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
$875,000
ML approach
$845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$975,000
Change: +176% · Conversion: Difficult
COMMERCIAL (GENERAL)
$600,000
Change: +71% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $935k (Dec 16 2022)
Last sale anchor
$935k
Dec 16 2022
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
$367 / 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
$5,185
Tax year 2023
Assessed value
$828,570
Assessed 2022
Previous assessed
$741,470
+11.7% YoY
Effective rate
0.63%
On assessed value
Assessed land
$252,000
Assessed improvement
$576,570
Land market value
$252,000
Improvement market value
$576,570
Total market value
$828,570
Applied tax rate
490.0000
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1910
Heating
BASEBOARD
Cooling
AC.FAN COOLING
Buildings
3
Stories
2
Bathrooms
4
Total area
2,449 SF
Lot
0.49 ac (21,301 SF)
APN
351491-522-000
UPID
US90-3063197
Jurisdiction
SAN JUAN
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
OFFICE BUILDING
Est. value
$975,000
COMMERCIAL (GENERAL)
Est. value
$600,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1910
Heating
BASEBOARD
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
4
Lot
0.49 ac
Current owner
From public records · entity-resolved
Henderson Norwester Camp
Individual
Mailing address
303 5TH AVE S STE #201, EDMONDS, WA 98020-3626
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
$935,000
Henderson Norwester Camp
For The Lord LLC
Warranty Deed
—
Jun 11, 2018
$704,820
For The Lord LLC
Arthur L Smith
Warranty Deed
$500,000 · Islanders Bank
Sep 20, 2017
—
Arthur L Smith
—
Trustees Deed
related
$484,750 · Islanders Bk
Apr 9, 2008
$625,000
Arthur L Smith
Bea,carlos C & Tammra S
Warranty Deed
$468,750 · Islanders Bank
—
—
Carlos C Bea
—
Deed Of Trust
related
$480,000 · William F & Christy M Carli
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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