1405 S 2nd St, Mount Vernon, WA 98273
10,480 SF building with commissary kitchen and shared parking.
- Added:
- Feb 4, 2026
- Days on Market:
- 143
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1405 S 2nd St
General Information
- Standard status
- Active
- Size
- 10,480 SF
- Lot size
- 0.42 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1968
Listing office Learned Commercial, Inc
Listing date Feb 4, 2026
Source Crexi
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 Learned Commercial, Inc
HighLights
- Large building with 10,480 +/- sf
- Convenient access to I‑5 (exit 226/Kincaid)
- Zoned C‑1b: Downtown Districts
- Commissary kitchen
- Sprinkler system
- Located in the south end of downtown Mount Vernon
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 | $128.3k | $12.24 |
| − Vacancy | −$1.9k | −$0.18 |
| EGI | $126.4k | $12.06 |
| − OpEx | −$19.0k | −$1.81 |
| NOI | $107.5k | $10.25 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Commercial Cold Storage Inc — 1011 S 1st St, Mount Vernon, WA 98273
Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Skagit
- State
- Washington
- Longitude
- -122.338215
- Latitude
- 48.411517
