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Financial
Distress signals
Property profile

1901 2Nd St Mount Vernon, WA 98273

FOR SALE
Commercial real estate
View Listing
Property ID
US90-0819241
1,636 SF 0.8 ac lot Built 1908
Last sale Aug 2025 · $625,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This Mount Vernon, WA, mixed-use property, located at 1901 S 2nd St, 98273, presents a compelling investment opportunity. The 36,690 square foot property, built in 1944, consists of two buildings situated on a 0.80-acre lot zoned C-2. Currently operating at 100% occupancy with two tenants, the property generates a pro-forma NOI of $15,000, representing a 1.90% pro-forma cap rate. The asking price is $790,000 ($21.53/sq ft). The property features a home and a 50x44 shop, both currently…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$6k
Tax billed · 2022
Assessed value · 2021$462k
Assessed land$345k
Assessed improvement$117k
Effective rate1.24%

Value estimate

· Oct 2026
$1.28M
$1.15M – $1.40M
Submarket $/SF estimate$444k
NOI build-up
Gross scheduled income$594k
Vacancy & credit loss−$45k
Operating expenses−$206k
NOI · 47.73% cap applied$344k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$164/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$89 – $271
Qualifying comparables6

Cap rate analysis

How does the asset earn?
47.73%
$344k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSKAGIT

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office13.7
Convenience Store9.7
Realty agency9.5

Location

1901 2Nd St Mount Vernon, WA 98273
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2988 College, Mount Vernon, WA 98273-8985 $215,000 Sep 2023 2,178 SF
1505 Roosevelt, Mount Vernon, WA 98273-2685 $300,000 Apr 2022 2,464 SF
1404 College, Mount Vernon, WA 98273-4102 $1,900,000 Nov 2021 2,674 SF
1015 2nd, Mount Vernon, WA 98273-4206 $210,000 Sep 2020 1,056 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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