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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Office Spaces
902 7th St Anacortes, WA 98221-4104
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-3314069
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1925
Total area
1,956 SF
Lot
0.14 ac (6,011 SF)
APN
3772-022-020-0000
UPID
US90-3314069
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
-
Anacortes Birth Center Medical Clinic
-
The Holding Space Birth & Wellness Cooperative Charitable Organization Social Service Agency
-
Amy Schwab - Private Wealth Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Colin Sands - Private Wealth Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Anacortes Psych & Wellness Crisis Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$760k
Blend (final)
Blend
$715k
Owner & transaction history
Anacortes Midwifery Care LLC · 3 yrs held
Anacortes Midwifery Care LLC
since 2022
Last sale
$755,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$660,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$535,000
Current use
AUTO REPAIR, GARAGE
$470,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$470,000
Change: -12% · Conversion: Easy
OFFICE BUILDING
$450,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $755k (Jun 24 2022)
Last sale anchor
$755k
Jun 24 2022
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
$366 / 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
$3,870
Tax year 2022
Assessed value
$452,500
Assessed 2021
Previous assessed
$452,500
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$230,700
Assessed improvement
$221,800
Land market value
$230,700
Improvement market value
$221,800
Total market value
$452,500
Applied tax rate
900.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1925
Heating
NONE
Stories
1
Total area
1,956 SF
Lot
0.14 ac (6,011 SF)
APN
3772-022-020-0000
UPID
US90-3314069
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
COMMERCIAL (GENERAL) Current
Est. value
$535,000
AUTO REPAIR, GARAGE
Est. value
$470,000
RETAIL STORES
Est. value
$470,000
OFFICE BUILDING
Est. value
$450,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1925
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Anacortes Midwifery Care LLC
Entity
Mailing address
902 7TH ST ANACORTES
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
—
Anacortes Midwifery Care LLC
Holding Wellness LLC
Lease
—
Jun 24, 2022
$755,000
Holding Wellness LLC
A Town Capital LLC
Warranty Deed
$363,200 · Peoples Bank
Aug 28, 2019
$400,000
Town Capital LLC
Mark W Burpo
Warranty Deed
$318,000 · Banner Bank
Feb 12, 2003
$300,000
Mark W Burpo
Hieb,roland D & Connie F
Grant Deed
$240,000 · Wells Fargo Home Mortgage INC
—
—
Mark W Burpo
—
Deed Of Trust
related
$212,142 · Wells Fargo Bank
—
—
Mark W Burpo
—
Deed Of Trust
related
$184,500 · Wells Fargo Bank
—
—
Roland D Hieb
—
Deed Of Trust
related
$208,000 · Wells Fargo Home Mortgage INC
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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