Multi-Building Mixed-Use
New
For Sale
$1,367,700
1314 Anderson Rd, Mount Vernon, WA 98274
Three existing structures, a fenced yard, and loading space support a range of commercial uses.
Property Size8,900 SF
Lot Size6.56 Acres
Price / SF$153.67
Days on Market2
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Property Features for 1314 Anderson Rd
General Information
Standard status
Active
Size
8,900 SF
Lot size
6.56 Acres
Property subtype
Industrial
Zoning
C-3
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Amenities
fenced lot and yard
loading space
Building Details
Buildings
3
Listing Agency:
NAI Puget Sound Properties
Listed By:
Blake Stedman · License #WA2495
(425) 652-1722
Source:
Nai-psp
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:22AM
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 NAI Puget Sound Properties
Investment Insights
Based on property information with market context.
This mixed-use property includes three buildings with a combined 8,900 SF of building area. The site also has a fenced lot and yard, along with parking and loading space. C-3 Community Commercial and Urban Reserve Residential (URR) zoning are identified for the property, with a county overlay noted.
The property offers access to I-5 and nearby residential neighborhoods. Retail, office, and light flex uses are identified as potential applications, along with contracting and live-work use.
The property offers access to I-5 and nearby residential neighborhoods. Retail, office, and light flex uses are identified as potential applications, along with contracting and live-work use.
Key Highlights
- Three buildings with a combined 8,900 SF of building area
- C‑3 Community Commercial and Urban Reserve Residential (URR) zoning, with a county overlay
- Fenced lot and yard with parking and loading space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,354
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,667,080
$1.7M
Cap Rate 7%
$1,190,771
$1.2M
Cap Rate 9%
$926,156
$926.2K
Market Conditions
NOI Build-Up for 8,900 SF
Gross rent
$144.2K $16.20/SF
− Vacancy
−$10.8K −$1.22/SF
EGI
$133.4K $14.99/SF
− OpEx
−$50.0K −$5.62/SF
NOI
$83.4K $9.37/SF
Area
Skagit County, WA
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,667,080
Cap Rate 7%
$1,190,771
Cap Rate 9%
$926,156
Alternative Uses
Best Use
Mixed Use
$1.19M
$1.04M – $1.39M
NOI $83,354 @ 7.0% cap · market cap 6.09%
Second Best
Industrial
$1.07M
$939.4K – $1.25M
NOI $75,149 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$3.62M
$3.17M – $4.22M
NOI $253,380 @ 7.0% cap · market cap 18.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
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
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three existing structures, a fenced yard, and loading space support a range of commercial uses.
Where is this mixed-use property located?
The property is located at 1314 Anderson Rd Mount Vernon, WA.
What is the asking price?
The asking price for this property is $1,367,700.
What are key features of this property?
This property features: Three buildings with a combined 8,900 SF of building area; C‑3 Community Commercial and Urban Reserve Residential (URR) zoning, with a county overlay; Fenced lot and yard with parking and loading space
