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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Warehouses
8842 March Pt Rd, Anacortes, WA 98221-8690
Individually Owned
31-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1345977
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1989
Total area
7,056 SF
Lot
6.67 ac (290,545 SF)
APN
340204-1-004-0008
UPID
US90-1345977
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
-
Money Saver Mini Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$945k
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.11M
Owner & transaction history
Saver-anacortes Associat Money · 31 yrs held
Saver-anacortes Associat Money
since 1995
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+84.5%
Retail stores
$1.7M
+84.3%
Office building
$1.6M
+75.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$945,000
7%
$875,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$920,000
Current use
AUTO REPAIR, GARAGE
$1,700,000
Change: +85% · Conversion: Easy
RETAIL STORES
$1,700,000
Change: +84% · Conversion: Moderate
OFFICE BUILDING
$1,620,000
Change: +76% · Conversion: Difficult
RESTAURANT
$1,485,000
Change: +61% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,260,000
Change: +37% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,005,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$157 / 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
$57,291
Tax year 2022
Assessed value
$6,661,600
Assessed 2021
Previous assessed
$6,661,600
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,788,900
Assessed improvement
$4,872,700
Land market value
$1,788,900
Improvement market value
$4,872,700
Total market value
$6,661,600
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Heating
NONE
Buildings
18
Stories
1
Total area
7,056 SF
Lot
6.67 ac (290,545 SF)
APN
340204-1-004-0008
UPID
US90-1345977
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
$920,000
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
WAREHOUSE, STORAGE Current
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
1989
Heating
NONE
Stories
1
Buildings
18
Lot
6.67 ac
Current owner
From public records · entity-resolved
Saver-anacortes Associat Money
Individual
Mailing address
5729 LAKEVIEW DR STE #200, KIRKLAND, WA 98033-7443
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1995
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 27, 2023
—
Money Saver Anacortes II LLC
—
Deed
related
$1,859,754 · Heritage Southeast Bank
Jan 19, 1995
$1,530,000
Saver-anacortes Associat Money
Morrow,brent J & Denise J
Grant Deed
$523,434 · Interwest Savings Bank
—
—
Money Saver Anacortes II LLC
—
Deed Of Trust
related
$2,490,000 · Us Bank NA
—
—
Saver-anacortes Gp Money
—
Deed Of Trust
related
$1,000,000 · Executive House INC
—
—
Saver-anacortes Assoc Money II
—
Deed Of Trust
related
$2,800,000 · First Mutual Savings 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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