Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    100 Montgomery St Mount Vernon, WA 98273

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    100 Montgomery St Mount Vernon, WA 98273

    View on Map
    • Retail properties & Spaces
    • 20,010 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • White Branches / Restaurant / Cafe & Coffee Shop

    Property Details for 100 Montgomery St

    Year built
    1900
    Property size
    20,010 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 1,703 square foot office space is situated on the first floor of a multi-tenant building at 100 W Montgomery St, Mount Vernon, WA 98273. Located in the heart of downtown, this property enjoys a vibrant and convenient location near the Skagit County Courthouse, local restaurants, retail shops, and the Co-op. The building itself boasts a total of 20,010 square feet and was constructed in 1900. This particular unit features a sprinkler system, security system, and air conditioning. The space is part of a larger building with multiple tenants, including Il Granaio restaurant. Zoned C-1a (Central Commercial District), this property offers excellent visibility and accessibility. The monthly rent is $1,590, which is a full-service lease

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Skagit
    State
    Washington
    Longitude
    -122.335
    Latitude
    48.419

    Comparable in this City

    • Value Estimation by Request
      996 SF

      1722 2nd St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 996 SF
      1722 2nd St, Mount Vernon, WA 98273-5204
      View Details
    • Value Estimation by Request
      1,550 SF

      1710 2nd St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,550 SF
      1710 2nd St, Mount Vernon, WA 98273-5204
      View Details
    • Value Estimation
      $535,000
      6,432 SF

      300 Willow Ln

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,432 SF
      300 Willow Ln, Mount Vernon, WA 98273-2449
      View Details
    • Value Estimation by Request
      0.24 Acres

      Mount

      OFFICE (GENERAL) • 0.24 Acres
      Mount, Vernon, WA 98273
      View Details
    • Value Estimation by Request
      0.05 Acres

      Mount

      OFFICE (GENERAL) • 0.05 Acres
      Mount, Vernon, WA 98273
      View Details
    • Value Estimation by Request
      0.94 Acres

      Mount

      OFFICE (GENERAL) • 0.94 Acres
      Mount, Vernon, WA 98273
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Building Prime Location

      Commercial building in prime location suitable for retail or office.
      1610 N Laventure Rd, Mount Vernon, WA 98273
      View Details
    • $699,500
      0.11 Acres

      Historic Commercial Building in Mount Vernon

      9,000 SF commercial space in historic downtown Mount Vernon.
      307 South 1St St, Mount Vernon, WA 98273
      View Details
    • $699,500

      Historic Downtown Commercial Property

      9,000 SF commercial space in historic downtown Mount Vernon.
      307 S 1St St, Mount Vernon, WA 98273
      View Details
    • Contact for pricing

      Commercial Land on College Way

      High-visibility commercial land with utilities in Mount Vernon, WA.
      3740 E College Way, Mount Vernon, WA 98273
      View Details
    • Contact for pricing
      5,687 SF

      Downtown Mount Vernon Office/Retail Space

      5,687 SF office/retail space in downtown Mount Vernon.
      302-306 S 1St St, Mount Vernon, WA 98273
      View Details
    • $995,000

      Downtown Mount Vernon Office/Retail Space

      5,687 SF office/retail space in downtown Mount Vernon.
      306 1St St, Mount Vernon, WA 98273
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing
      3,750 SF

      Retail Space with Drive-Thru Potential

      High-visibility retail space with drive-thru opportunity near I-5.
      201 E College Way, Mount Vernon, WA 98273
      View Details
    • $467 /Mo
      350 SF

      Mount Vernon Commercial Space Available

      Commercial space available for rent in Mount Vernon, Washington.
      117 1St St, Mount Vernon, WA 98273
      View Details
    • $1,662 /Mo
      1,662 SF

      Mount Vernon Office/Retail Space

      Office/retail space near Skagit County Courthouse and I-5.
      607 2Nd St, 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
    • $1,300 /Mo
      1,400 SF

      Mount Vernon Retail/Office Space

      Versatile 964 sq ft space suitable for retail or office.
      410 Commercial St, Mount Vernon, WA 98273
      View Details
    Request Owner's contact information
    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.
    100 Montgomery St
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!