306 S 1st St Mount Vernon, WA
5,687 SF retail/office space in downtown Mount Vernon for sale.
- Added:
- Dec 3, 2025
- Days on Market:
- 221
- Last Refresh:
- Apr 5 at 8:41 pm
Property Features for 306 S 1st St
General Information
- Standard status
- Active
- Size
- 5,687 SF
- Lot size
- 0.13 Acres
- Property subtype
- RETAIL
Listing office Learned Commercial, Inc. (360) 770-1388
Listing date Dec 3, 2025
Source Moodyscre
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.
Investment Insights
Based on property information with market context.
Key Highlights
- 5,687 +/- sf office/retail space
- Located in downtown Mount Vernon with high foot traffic
- Zoned C‑1a: Downtown Districts
Local Financial Insights For Retail
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 | $69.6k | $12.24 |
| − Vacancy | −$1.0k | −$0.18 |
| EGI | $68.6k | $12.06 |
| − OpEx | −$20.6k | −$3.62 |
| NOI | $48.0k | $8.44 |
