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Property profile & analytics
OFF-MARKET
Estimated value
$2,200,000
Warehouses
9743 Padilla Hts Rd, Anacortes, WA 98221-8697
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1543665
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Construction
WOOD FRAME
Total area
15,650 SF
Lot
4.58 ac (199,505 SF)
APN
340203-0-022-0009
UPID
US90-1543665
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
-
Reisner Distributor Inc - Lube Sales Office Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.47M
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$2.20M
Owner & transaction history
New Cingular Wireless Pcs LLC · 3 yrs held
New Cingular Wireless Pcs LLC
since 2023
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+75.6%
Restaurant
$3.3M
+61.1%
Apartment house (5+ units)
$2.8M
+36.7%
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%
$2,675,000
6.5%
$2,470,000
7%
$2,290,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,045,000
Current use
OFFICE BUILDING
$3,590,000
Change: +76% · Conversion: Difficult
RESTAURANT
$3,295,000
Change: +61% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,795,000
Change: +37% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,225,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±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
$141 / 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
$15,263
Tax year 2022
Assessed value
$1,557,300
Assessed 2021
Previous assessed
$1,557,300
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$478,800
Assessed improvement
$1,078,500
Land market value
$478,800
Improvement market value
$1,078,500
Total market value
$1,557,300
Applied tax rate
1,490.0000
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
1995
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
2
Total area
15,650 SF
Lot
4.58 ac (199,505 SF)
APN
340203-0-022-0009
UPID
US90-1543665
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
$2.0M
OFFICE BUILDING
Est. value
$3.6M
RESTAURANT
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.2M
WAREHOUSE, STORAGE Current
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
1995
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
4.58 ac
Current owner
From public records · entity-resolved
New Cingular Wireless Pcs LLC
Entity
Mailing address
1025 LENOX PARK BLVD, BROOKHAVEN, GA 30319-5309
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
—
New Cingular Wireless Pcs LLC
Reisner Family Properties LLC
Lease
—
Nov 16, 2018
—
Reisner Family Properties LLC
—
Deed
related
$2,400,000 · Peoples Bk
Oct 31, 2018
—
Reisner Family Properties LLC
—
Deed
related
$600,000 · Peoples Bk
Sep 9, 2014
—
Reisner Family Properties LLC
Reisner Family Properties LLC
Quit Claim Deed
related
—
—
—
Reisner Family Properties LLC
—
Deed Of Trust
related
$2,400,000 · Peoples Bk
—
—
Reisner Family Properties LLC
—
Deed Of Trust
related
$600,000 · Peoples 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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