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Property profile & analytics
OFF-MARKET
Estimated value
$10,440,000
Grocery and convenience stores
757 Haggen Dr, Burlington, WA 98233-3328
Individually Owned
Free & Clear
Property ID
US90-2807564
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2001
Total area
61,119 SF
Lot
12.16 ac (529,820 SF)
APN
8096-000-001-0000
UPID
US90-2807564
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
-
Haggen Grocery & Convenience Store Food Market
-
Primo Water Refill Big Box & Wholesale Store
-
Haggen Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Otto Scamfer Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.36M
CAP Approach
CAP
$7.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.44M
Owner & transaction history
Ax Essential Retail Portfolio Dst
Ax Essential Retail Portfolio Dst
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.9M
+8.0%
Auto repair, garage
$14.7M
+0.2%
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
$10,360,000
CAP Approach
CAP Return
Estimation
6%
$8,600,000
6.5%
$7,940,000
7%
$7,370,000
Alternative Use
Use
Estimation
RETAIL STORES
$14,720,000
Current use
COMMERCIAL (GENERAL)
$15,900,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$14,740,000
Change: +0% · Conversion: Difficult
OFFICE BUILDING
$14,030,000
Change: -5% · Conversion: Easy
RESTAURANT
$12,870,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$10.44M
Range $9.40M – $11.48M · ±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
$171 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$105,043
Tax year 2022
Assessed value
$11,104,100
Assessed 2021
Previous assessed
$11,104,100
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$4,458,600
Assessed improvement
$6,645,500
Land market value
$4,458,600
Improvement market value
$6,645,500
Total market value
$11,104,100
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2001
Heating
NONE
Total area
61,119 SF
Lot
12.16 ac (529,820 SF)
APN
8096-000-001-0000
UPID
US90-2807564
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
$14.7M
COMMERCIAL (GENERAL)
Est. value
$15.9M
AUTO REPAIR, GARAGE
Est. value
$14.7M
OFFICE BUILDING
Est. value
$14.0M
RESTAURANT
Est. value
$12.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
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
2001
Heating
NONE
Lot
12.16 ac
Current owner
From public records · entity-resolved
Ax Essential Retail Portfolio Dst
Individual
Free & Clear · 0 yrs held
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
—
Ax Essential Retail Portfolio Dst
Nnn Opp Owner Vii LLC
Bargain & Sale Deed
—
Jan 12, 2021
$18,982,627
Nnn Opp Owner Vii LLC
Mgp X Properties LLC
Bargain And Sale Deed
$65,000,000 · The Lincoln National Life Insurance
Dec 27, 2013
—
Mgp X Properties LLC
Mgp X Reit LLC
Quit Claim Deed
related
—
Oct 26, 2012
$15,620,064
Mgp X Reit LLC
Briar Dev Burlington LLC
Warranty Deed
—
—
—
Haggen INC
—
Deed Of Trust
related
—
—
—
Haggen INC
—
Deed Of Trust
related
—
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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