Commercial/Light Industrial Site For
3927 Old Hwy 99 S Mount Vernon, WA 98273
For Sale
$1,100,000
Commercial/light industrial site with improvements, easy I-5 access.
Property Size4,800 SF
Price / SF$229.17
Days on Market497
Property Features for 3927 Old Hwy 99 S
General Information
Standard status
Active
Size
4,800 SF
Building Details
Year Built
1994
Listing Agency:
MGI REAL ESTATE
Listed By:
CHARLY MYERS
Source:
Corcoran
Added: Mar 21, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 MGI REAL ESTATE
Investment Insights
Based on property information with market context.
This commercial/light industrial site includes improvements such as two pole buildings with high bay doors, providing ample power, a bathroom, and a couple of offices. The property features gravel parking and lay-down areas, and is partially fenced. The site is one of three separate parcels totaling approximately 1.43 acres. The location offers easy access to I-5, situated 45 minutes from the Canadian border and just over an hour from Seattle. The surrounding community is experiencing growth in both population and business opportunities. The property has a building size of 4800 square feet and may be suitable for various business ventures.
Key Highlights
- Two pole buildings with high bay doors suitable for commercial/light industrial use.
- Approximately 1.43 acres of land with gravel parking/lay down areas and partial fencing.
- Convenient I‑5 access for easy commuting to the Canadian border and Seattle.
Financial Insights For Industrial
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 | $58.8k | $12.24 |
| − Vacancy | −$852 | −$0.18 |
| EGI | $57.9k | $12.06 |
| − OpEx | −$17.4k | −$3.62 |
| NOI | $40.5k | $8.44 |
4,800 SF · lease $12.24/SF/yr · vacancy 1.45% · expense 30.00%
Alternative Uses
Best Use
Industrial
$579.0K
$506.6K – $675.5K
NOI $40,530 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,654 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Industrial property - Commercial/light industrial site with improvements, easy I-5 access.
Where is this industrial property located?
The property is located at 3927 Old Hwy 99 S Mount Vernon, WA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two pole buildings with **high bay doors suitable for commercial/light industrial use.**; Approximately 1.43 acres of land with gravel parking/lay down areas and partial fencing.; Convenient I‑5 access for easy commuting to the Canadian border and Seattle.
