Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    17695 State Route 536 Mount Vernon, WA 98273

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,950 /Mo ($11 SF/Yr)

    High-visibility commercial property with garage and flexible outdoor space.

    Property size:
    5,097 SF
    Lot size:
    0.85 Acres

    Property Features for 17695 State Route 536

    General Information

    Size
    5,097 SF
    Lot size
    0.85 Acres

    We can help!

    Listing Contact
    Keith Cook
    Keith Cook
    Source: Moodyscre

    Listing Agent: Keith Cook

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Property on State Route

    This commercial property for lease is located on State Route 536 and includes a main building with 4,041 square feet and a 1,056-square-foot garage, situated on a 0.85-acre lot. The property features roadside signage and ample parking. The outdoor space is flexible and suitable for RV/boat storage or expansion. It is suited for retail, showroom, light industrial, or auto use. The location benefits from strong daily traffic between downtown Mount Vernon and I-5. A long-term lease is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Skagit
    State
    Washington
    Longitude
    -122.3633381
    Latitude
    48.4288713

    Nearby Similar for Lease

    • $12 SF/Yr
      3,000 SF

      Remodeled Retail Space Available

      High-traffic, updated retail space in downtown Mount Vernon.
      221 S 1St St, Mount Vernon, WA 98273
      View Details
    • $8 SF/Yr
      15,124 SF

      Mount Vernon Retail Space Available

      Prime Skagit County Retail Strip Center
      100 Valley Mall Way, Mount Vernon, WA 98273
      View Details
    • $15 SF/Yr
      24,000 SF

      Retail Space in Mount Vernon

      Retail spaces available in high-traffic Mount Vernon commercial core.
      526 E College Way, Mount Vernon, WA 98273
      View Details
    • $22 SF/Yr
      1,347 SF

      Modern Office Space For Rent

      High-end office space in renovated complex, prime location.
      1725 Continental Pl, Mount Vernon, WA 98273
      View Details
    • $10 SF/Yr
      98,570 SF

      Mount Vernon Retail Center

      High-traffic retail space available.
      525 College Way, Mount Vernon, WA 98273
      View Details
    • $17 SF/Yr
      6,652 SF

      Village Plaza Office Suites in Mount Vernon

      Prime Mount Vernon Office Space Available
      2114 Riverside Dr, Mount Vernon, WA 98273
      View Details
    • $0.60 SF/Yr
      6,720 SF

      Industrial Shop and Office Space

      Industrial shop building with office trailers for lease.
      12842 Hwy, Mount Vernon, WA
      View Details
    • $11 SF/Yr
      1,662 SF

      Downtown Mount Vernon Office Space

      Prime location, 1662 sq ft office, historic district.
      607 2Nd St, Mount Vernon, WA 98273
      View Details
    • Contact for pricing
      174,000 SF

      Skagit Valley Retail Space Available

      Mount Vernon retail space, multiple units.
      310 College Way, Mount Vernon, WA 98273
      View Details
    • $15 SF/Yr
      5,700 SF

      Downtown Mount Vernon Office Space

      Move-in ready office space in downtown Mount Vernon.
      407 Pine St, Mount Vernon, WA 98273
      View Details
    • $7 SF/Yr
      11,904 SF

      SR 9 Warehouse - Clear Lake

      Industrial Warehouse Space for Lease
      12842 State Route 9, Mount Vernon, WA 98273
      View Details
    • $1,425 /Mo
      985 SF

      Mount Vernon Office/Retail Space

      985 SF office/retail space in downtown Mount Vernon.
      700-702 S 1St St, Mount Vernon, WA 98273
      View Details

    FAQs

    What type of property is this?
    Retail space - High-visibility commercial property with garage and flexible outdoor space.
    Where is this retail space located?
    The property is located at 17695 State Route 536 Mount Vernon, WA.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location on State Route 536 with strong daily traffic.; - Large 4,041± SF main building plus 1,056± SF garage.; - 0.85± acre lot with ample parking and excellent roadside signage.
    (360) 739-5600
    Request Owner's contact information
    17695 State Route 536 Mount Vernon, WA 98273
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17695 State Route 536
    Mount Vernon, WA 98273
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    17695 State Route 536 Mount Vernon, WA 98273
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Keith Cook
    Keith Cook
    Real Estate License ID: 7189
    (360) 739-5600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.