Dock-High Distribution
For Sale
$2,700,000
Pending
3616 Old Highway 99 S Rd, Mount Vernon, WA 98273
Steel construction, clear-span space, and loading infrastructure accommodate distribution and warehouse operations.
Property Size11,500 SF
Days on Market71
Property Features for 3616 Old Highway 99 S Rd
General Information
Standard status
Pending
Size
11,500 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
24 ft
Clear Span
Yes
Warehouse Space
11,500 SF
Dock-High Doors
7
Loading
Cross-Dock
Taxes and HOA fees
Annual Taxes
$19,283
Building Details
Year Built
1991
Buildings
1
Building Size
11,500 SF
Construction
steel structure
Listing Agency:
Windermere RE Whatcom, Inc.
Listed By:
Jason Loeb · License #91977
(360) 734-7500
Source:
Exprealty
Added: Aug 17
Changed: Oct 25
Last Checked: Oct 24 at 10:45PM
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 RE Whatcom, Inc.
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Investment Insights
Based on property information with market context.
This 11,500-square-foot distribution center is a steel-framed industrial building constructed in 1991. The interior offers a 24-foot ceiling height, mostly clear-span space, and seven dock-high loading positions. A demising wall divides approximately one-third of the building from the remaining two-thirds, allowing separate occupancy areas or reconfiguration into one contiguous warehouse.
The property fronts Old Highway 99 South for 260 feet and is located near Interstate 5 in Mount Vernon. An additional area of land south of the building includes a non-functional dwelling that could be removed for a laydown yard, parking, or additional structures. The building is currently used for cross-docking supplies under a lease extending through January 2027.
The property fronts Old Highway 99 South for 260 feet and is located near Interstate 5 in Mount Vernon. An additional area of land south of the building includes a non-functional dwelling that could be removed for a laydown yard, parking, or additional structures. The building is currently used for cross-docking supplies under a lease extending through January 2027.
Key Highlights
- 11,500‑square‑foot steel distribution center built in 1991
- 24‑foot ceiling height with mostly clear‑span warehouse space
- Seven dock‑high loading docks with turning room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,911
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,358,220
$2.4M
Cap Rate 7%
$1,684,443
$1.7M
Cap Rate 9%
$1,310,122
$1.3M
Market Conditions
NOI Build-Up for 11,500 SF
Gross rent
$140.8K $12.24/SF
− Vacancy
−$2.0K −$0.18/SF
EGI
$138.7K $12.06/SF
− OpEx
−$20.8K −$1.81/SF
NOI
$117.9K $10.25/SF
Area
Skagit County, WA
Vacancy
1.45%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,358,220
Cap Rate 7%
$1,684,443
Cap Rate 9%
$1,310,122
Alternative Uses
Best Use
Warehouse
$1.68M
$1.47M – $1.97M
NOI $117,911 @ 7.0% cap · market cap 4.37%
Second Best
Industrial
$1.39M
$1.21M – $1.62M
NOI $97,103 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$4.68M
$4.09M – $5.46M
NOI $327,401 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
24 ft
Clear height
7
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
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Business Placement
Demographics for 98273, WA
31,243
Population
11,991
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
87%
High-School Grad
83.9 sq mi
ZIP Area
372
Density / Sq Mi
$74,247
Median Household Income
$42,168
Median Earnings
$1,171
Median Rent
$448,300
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Distribution center - Steel construction, clear-span space, and loading infrastructure accommodate distribution and warehouse operations.
Where is this distribution center located?
The property is located at 3616 Old Highway 99 S Rd Mount Vernon, WA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 11,500‑square‑foot steel distribution center built in 1991; 24‑foot ceiling height with mostly clear‑span warehouse space; Seven dock‑high loading docks with turning room
