3709 Old Hwy 99 South Rd, Mount Vernon, WA 98273
Warehouse with remodeled office and temporary storage on 5 acres.
- Added:
- Jan 8, 2025
- Days on Market:
- 516
- Last Refresh:
- Apr 5 at 8:56 pm
Property Features for 3709 Old Hwy 99 South Rd
General Information
- Standard status
- Active
- Size
- 34,417 SF
- Property subtype
- Commercial
Listing agent BALISA KOETJE
Listing office WINDERMERE - SKAGIT VALLEY (360) 424-4901
Listing date Jan 8, 2025
Source Corcoran
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 WINDERMERE - SKAGIT VALLEY
HighLights
- Large 5‑acre site in South Mount Vernon Commercial Light Industrial Zone.
- Approx. 28,700 SF warehouse and newly remodeled approx. 4,277 SF attached office building.
- Three exterior temporary storage canvas buildings totaling 14,400 SF.
- Substantial power supply: 3 Phase with 300 AMPS, 100 AMPS, and 80 AMPS, distributed across 7 electrical panels.
- Approx. 600 feet of frontage on Old Highway 99.
- Site is paved and largely fenced.
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $421.3k | $12.24 |
| − Vacancy | −$6.1k | −$0.18 |
| EGI | $415.2k | $12.06 |
| − OpEx | −$62.3k | −$1.81 |
| NOI | $352.9k | $10.25 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Central Heated Mini Storage — 211 Anderson Rd # A, Mount Vernon, WA 98273
- Alan Heated Mini Storage — 1106 Sicklesteel Ln, Mount Vernon, WA 98274
- U-Pack — 2829 Old Hwy 99 S, Mount Vernon, WA 98273
- North Star Storage — 4103 Old Hwy 99 S, Mount Vernon, WA 98273
- Central Moving & Storage — 211 Anderson Rd, Mount Vernon, WA 98273
Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Skagit
- State
- Washington
- Longitude
- -122.436
- Latitude
- 48.4305
