Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office buildings
8674 March Pt Rd Anacortes, WA 98221-8688
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1535697
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
1,664 SF
Lot
4.51 ac (196,456 SF)
APN
340204-4-006-0000
UPID
US90-1535697
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
-
Fidalgo Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$575k
Owner & transaction history
Island Channel View LLC · 1 yrs held
Island Channel View LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$455,000
+19.0%
Auto repair, garage
$400,000
+5.1%
Retail stores
$400,000
+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 Anacortes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anacortes 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
$560,000
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$585,000
7%
$540,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$380,000
Current use
COMMERCIAL (GENERAL)
$455,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$400,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$400,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$346 / 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
$32,101
Tax year 2022
Assessed value
$3,732,300
Assessed 2021
Previous assessed
$3,732,300
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,077,500
Assessed improvement
$2,654,800
Land market value
$1,077,500
Improvement market value
$2,654,800
Total market value
$3,732,300
Applied tax rate
901.0000
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
OFFICE BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Buildings
10
Stories
1
Total area
1,664 SF
Lot
4.51 ac (196,456 SF)
APN
340204-4-006-0000
UPID
US90-1535697
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
$380,000
COMMERCIAL (GENERAL)
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$400,000
RETAIL STORES
Est. value
$400,000
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
2004
Heating
NONE
Stories
1
Buildings
10
Lot
4.51 ac
Current owner
From public records · entity-resolved
Island Channel View LLC
Entity
Mailing address
9601 S MERIDIAN BLVD, ENGLEWOOD, CO 80112-5905
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
—
Island Channel View LLC
Bahman Sadighmehr
Quit Claim Deed
related
—
Jan 4, 2023
—
Dish Wireless LLC
Bahman Sadighmehr
Lease
—
Oct 11, 2018
—
Bahman Sadighmehr
—
Deed
related
$1,500,000 · Heritage Bk
Aug 1, 2008
—
William W Wooding
Golden Age Investments LLC
Quit Claim Deed
related
—
Jul 8, 2004
—
Golden Age Investments LLC
Sadighmehr,bahman & Dana L
Quit Claim Deed
related
—
—
—
Sadighmehr,bahman & Dana L
—
Deed Of Trust
related
$1,500,000 · Whidbey Island Bk
—
—
Bahman Sadighmehr
—
Deed Of Trust
related
$265,000 · Whidbey Island Bank
—
—
Bahman Sadighmehr
—
Deed Of Trust
related
$1,600,000 · Us Bank NA
—
—
Bahman Sadighmehr
—
Deed Of Trust
related
$80,000 · Whidbey Island Bank
—
—
Bahman Sadighmehr
—
Deed Of Trust
related
$996,000 · Whidbey Island Bank
—
—
Bahman Sadighmehr
—
Deed Of Trust
related
$1,500,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8674 March Pt Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
