Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    526 E College Way Mount Vernon, WA 98273

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Highly visible retail space in a busy Mount Vernon location.

    Property Features for 526 E College Way

    General Information

    Standard status
    Active

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Tiffini Connell
    Tiffini Connell
    Source: Crexi

    Listing Agency: West Coast Commercial Realty Listing Agent: Tiffini Connell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space in Mount Vernon

    This retail space is situated in a highly visible location along East College Way, which experiences an average of 26,000 vehicles per day. The property benefits from excellent access, visibility, and ample parking. The available space is an end cap within a center anchored by JoAnn and Rite Aid. It is ideally located in the commercial core of Mount Vernon, near other national retailers such as Lowe’s, Walmart, Safeway, Petco, Office Depot, and Hobby Lobby. Mount Vernon is a rapidly expanding market that has experienced a 25% population increase since 2000, compared to the national average of 16.3%. Skagit Valley College, serving nearly 5,000 students, is located just a mile east of the center.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Skagit
    State
    Washington
    Longitude
    -122.332852
    Latitude
    48.435773

    Nearby Similar for Lease

    • $3,426 /Mo
      2,284 SF

      Retail Space on College Way

      Highly visible retail space in Mount Vernon's commercial core.
      525 College Way, Mount Vernon, WA 98273
      View Details
    • $24,000
      24,000 SF

      Prime Retail Space on College

      High-visibility retail spaces available in Mount Vernon's commercial core.
      526 College Way, Mount Vernon, WA 98273
      View Details
    • $3,625 /Mo
      2,175 SF

      Modern Office Space For Rent

      High-end office space in a renovated complex, ready for occupancy.
      1725 Continental Pl, Mount Vernon, WA 98273
      View Details
    • $2,500 /Mo
      3,000 SF

      Remodeled Retail Space in Downtown

      High-traffic retail space in a prime downtown location.
      221 1St St, Mount Vernon, WA 98273
      View Details
    • $2,502 /Mo
      1,800 SF

      New Industrial Condominiums For Lease

      New construction industrial condominiums with office mezzanine available for lease.
      2001 Henson Rd, Mount Vernon, WA 98273
      View Details
    • $2,021 /Mo
      1,347 SF

      Modern Office Space Available

      High-end office space in renovated strip mall complex.
      1725 Continental Pl, Mount Vernon, WA 98273
      View Details
    • $5,359 /Mo
      3,062 SF

      Mount Vernon Restaurant Space Available

      3,062 SF commercial space ideal for restaurant or food-service.
      2021 Freeway Dr, Mount Vernon, WA 98273
      View Details
    • $2,088 /Mo
      2,643 SF

      Industrial Building Near State Route 20

      Industrial building with office and warehouse space for lease.
      13527 Farm To Market Rd, Mount Vernon, WA 98273
      View Details
    • $525 /Mo
      5,784 SF

      Remodeled Office Building with Parking

      Newly remodeled office building with suites and onsite parking.
      1202 2Nd St, Mount Vernon, WA 98273
      View Details
    • $5,600 /Mo
      5,000 SF

      Versatile Commercial Space For Rent

      5000 SF commercial space suitable for auto repair and more.
      14601 River Bend Rd, Mount Vernon, WA 98273
      View Details
    • $5,208 /Mo
      2,500 SF

      Retail Space Near College Way

      2,500 SF retail space with easy freeway access.
      1626 Freeway Dr, Mount Vernon, WA 98273
      View Details
    • $2,090 /Mo
      1,672 SF

      Mount Vernon Office Space Available

      Office space for rent with College Way frontage.
      1404 College Way, Mount Vernon, WA 98273
      View Details

    FAQs

    What type of property is this?
    Retail space - Highly visible retail space in a busy Mount Vernon location.
    Where is this retail space located?
    The property is located at 526 E College Way Mount Vernon, WA.
    What are key features of this property?
    This property features: - High-visibility location on East College Way with 26,000 vehicles per day.; - Anchored by JoAnn and Rite Aid.; - Excellent access and ample parking.
    (206) 283-5212
    Request Owner's contact information
    526 E College Way Mount Vernon, WA 98273
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    526 E College Way
    Mount Vernon, WA 98273
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    526 E College Way Mount Vernon, WA 98273
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tiffini Connell
    Tiffini Connell
    Real Estate License ID: 18739
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!