Commercial/Light Industrial Site For
For Sale
$1,100,000
3927 Old Hwy 99 S, Mount Vernon, WA 98273
Commercial/light industrial site with improvements, easy I-5 access.
Property Size4,800 SF
Price / SF$229.17
Days on Market588
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$40,530
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,600
$810.6K
Cap Rate 7%
$579,000
$579.0K
Cap Rate 9%
$450,333
$450.3K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$58.8K $12.24/SF
− Vacancy
−$852 −$0.18/SF
EGI
$57.9K $12.06/SF
− OpEx
−$17.4K −$3.62/SF
NOI
$40.5K $8.44/SF
Area
Skagit County, WA
Vacancy
1.45%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,600
Cap Rate 7%
$579,000
Cap Rate 9%
$450,333
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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.
