Medical Office
New
For Sale
$675,000
1105 Dale Ln, Mount Vernon, WA 98274
Commercial building with a documented history as a veterinary practice.
Property Size1,456 SF
Price / SF$463.60
Days on Market2
Property Features for 1105 Dale Ln
General Information
Standard status
Active
Size
1,456 SF
Property subtype
Commercial
Building Details
Year Built
1992
Buildings
1
Listed By:
Moyer Real Estate
(206) 724-3810
Source:
Moyerrealestate
Added: Sep 13
Last Checked: Sep 13 at 2:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Moyer Real Estate
Investment Insights
Based on property information with market context.
This 1,456-square-foot commercial building was constructed in 1992 and previously operated as a veterinary practice. The property is identified as medical office space and includes an established commercial layout within a manageable building footprint.
Located at 1105 Dale Ln in Mount Vernon, WA 98274, the property offers a documented former veterinary-use history for consideration by medical office or animal-care professionals. Its existing commercial configuration provides a defined starting point for evaluating the space.
Located at 1105 Dale Ln in Mount Vernon, WA 98274, the property offers a documented former veterinary-use history for consideration by medical office or animal-care professionals. Its existing commercial configuration provides a defined starting point for evaluating the space.
Key Highlights
- 1,456‑square‑foot commercial building
- Built in 1992
- Previously utilized as a veterinary practice
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,110
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$622,200
$622.2K
Cap Rate 7%
$444,429
$444.4K
Cap Rate 9%
$345,667
$345.7K
Market Conditions
NOI Build-Up for 1,456 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.2K $35.88/SF
− Vacancy
−$10.8K −$7.39/SF
EGI
$41.5K $28.49/SF
− OpEx
−$10.4K −$7.12/SF
NOI
$31.1K $21.37/SF
Area
Skagit County, WA
Vacancy
20.60%
Lease Rate
$35.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$622,200
Cap Rate 7%
$444,429
Cap Rate 9%
$345,667
Alternative Uses
Best Use
Office B
$444.4K
$388.9K – $518.5K
NOI $31,110 @ 7.0% cap · market cap 4.61%
Second Best
Healthcare Medical
$150.5K
$131.7K – $175.6K
NOI $10,538 @ 7.0% cap · market cap 1.56%
Theoretical Best
Office A
$592.2K
$518.2K – $690.9K
NOI $41,452 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98274, WA
18,949
Population
7,868
Households
2.4
Avg Household Size
43
Median Age
33%
College-Educated
93%
High-School Grad
143.1 sq mi
ZIP Area
132
Density / Sq Mi
$93,762
Median Household Income
$46,724
Median Earnings
$1,716
Median Rent
$492,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Cedardale Veterinary Clinic — 1105 Dale Ln, Mount Vernon, WA 98274
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial building with a documented history as a veterinary practice.
Where is this medical office space located?
The property is located at 1105 Dale Ln Mount Vernon, WA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,456‑square‑foot commercial building; Built in 1992; Previously utilized as a veterinary practice
