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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Warehouses
790 Walnut St Burlington, WA 98233-2246
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0602327
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Total area
5,000 SF
Lot
0.58 ac (25,221 SF)
APN
4089-003-019-0017
UPID
US90-0602327
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
$830k
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$801k
Blend (final)
Blend
$830k
Owner & transaction history
Dennis X Geissler · 1 yrs held
Dennis X Geissler
since 2024
Last sale
$830,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+99.1%
Auto repair, garage
$1.2M
+84.5%
Retail stores
$1.2M
+84.3%
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
$830,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$790,000
7%
$730,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$655,000
Current use
COMMERCIAL (GENERAL)
$1,300,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,205,000
Change: +85% · Conversion: Easy
RETAIL STORES
$1,205,000
Change: +84% · Conversion: Moderate
OFFICE BUILDING
$1,150,000
Change: +76% · Conversion: Difficult
RESTAURANT
$1,055,000
Change: +61% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$895,000
Change: +37% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$710,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$830k
Range $747k – $913k · ±10% · vs last sale $830k (Dec 2 2024)
Last sale anchor
$830k
Dec 2 2024
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
$166 / 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
$4,615
Tax year 2022
Assessed value
$487,300
Assessed 2021
Previous assessed
$487,300
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$212,600
Assessed improvement
$274,700
Land market value
$212,600
Improvement market value
$274,700
Total market value
$487,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Heating
NONE
Stories
1
Total area
5,000 SF
Lot
0.58 ac (25,221 SF)
APN
4089-003-019-0017
UPID
US90-0602327
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
WAREHOUSE, STORAGE Current
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$895,000
INDUSTRIAL (GENERAL)
Est. value
$710,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
1992
Heating
NONE
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Dennis X Geissler
Individual
Mailing address
PO BOX 288, BURLINGTON, WA 98233-0288
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2024
$830,000
Dennis X Geissler
Rock L Engen
Warranty Deed
—
—
—
Rock L Engen
—
Deed Of Trust
related
$128,272 · Frontier Bank
—
—
Rock L Engen
—
Deed Of Trust
related
$230,277 · Whidbey Island Bank
—
—
Rock L Engen
—
Deed Of Trust
related
$25,000 · Whidbey Island Bank
—
—
Rock L Engen
—
Deed Of Trust
related
$65,000 · Frontier Bank
—
—
Rock L Engen
—
Deed Of Trust
related
$254,000 · Frontier Bank
—
—
Rock L Engen
—
Deed Of Trust
related
$192,000 · Seafirst Bank
—
—
Rock L Engen
—
Deed Of Trust
related
$150,000 · Seattle-first National Bank
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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