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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Office buildings
855 Alder St, Burlington, WA 98233-2808
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2539821
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2015
Total area
3,200 SF
Lot
0.18 ac (7,623 SF)
APN
4089-006-017-0304
UPID
US90-2539821
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
-
Choice Plus LLC Financial Advisor
-
Vision Plus Burlington Physician
-
Dr. Lucas Hoekstra Physician
-
Vanessa Gregorius Physician
-
Lucas Lonnie Hoekstra Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$841k
Blend (final)
Blend
$855k
Owner & transaction history
Clearly J & D LLC · 12 yrs held
Clearly J & D LLC
since 2014
Last sale
$785,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$835,000
+13.4%
Auto repair, garage
$770,000
+5.1%
Retail stores
$770,000
+4.9%
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
$915,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
$1,215,000
6.5%
$1,120,000
7%
$1,040,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$735,000
Current use
COMMERCIAL (GENERAL)
$835,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$770,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$770,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $785k (Nov 24 2020)
Last sale anchor
$785k
Nov 24 2020
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
$267 / 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
$5,811
Tax year 2023
Assessed value
$661,200
Assessed 2022
Previous assessed
$692,500
-4.5% YoY
Effective rate
0.88%
On assessed value
Assessed land
$200,700
Assessed improvement
$460,500
Land market value
$200,700
Improvement market value
$460,500
Total market value
$661,200
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2015
Heating
NONE
Total area
3,200 SF
Lot
0.18 ac (7,623 SF)
APN
4089-006-017-0304
UPID
US90-2539821
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
OFFICE BUILDING Current
Est. value
$735,000
COMMERCIAL (GENERAL)
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$770,000
RETAIL STORES
Est. value
$770,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
2015
Heating
NONE
Lot
0.18 ac
Current owner
From public records · entity-resolved
Clearly J & D LLC
Entity
Free & Clear · 12 yrs held
Mailing address
2520 JAMES ST, BELLINGHAM, WA 98225-3545
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2020
—
Vpb Holdings LP
—
Deed
related
$588,750 · Heritage Bk
Oct 8, 2014
—
Clearly J & D LLC
—
Trustees Deed
related
$500,000 · Peoples Bk
Jun 5, 2014
$106,000
Clearly J & D LLC
Northwest & Cu
Warranty Deed
—
—
—
Vpb Holdings LP
—
Deed Of Trust
related
$588,750 · Heritage Bk
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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