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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Retail space
1101 Division St Mount Vernon, WA 98273-3229
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0449070
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1954
Total area
16,021 SF
Lot
0.86 ac (37,462 SF)
APN
340419-2-014-0005
UPID
US90-0449070
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.30M
Owner & transaction history
Jbs Cascadia LLC · 1 yrs held
Jbs Cascadia LLC
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mount Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Vernon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,095,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Nov 20 2024)
Last sale anchor
$1.30M
Nov 20 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$81 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,962
Tax year 2023
Assessed value
$880,900
Assessed 2022
Previous assessed
$807,500
+9.1% YoY
Effective rate
1.13%
On assessed value
Assessed land
$404,600
Assessed improvement
$476,300
Land market value
$404,600
Improvement market value
$476,300
Total market value
$880,900
Applied tax rate
930.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1954
Heating
NONE
Stories
1
Total area
16,021 SF
Lot
0.86 ac (37,462 SF)
APN
340419-2-014-0005
UPID
US90-0449070
Jurisdiction
SKAGIT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$2.1M
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Heating
NONE
Stories
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Jbs Cascadia LLC
Entity
Mailing address
916 W DIVISION ST, MOUNT VERNON, WA 98273-3226
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2025
—
Jbs Cascadia LLC
—
Deed
related
$600,000 · Peoples Bank
Nov 20, 2024
$1,300,000
Jbs Cascadia LLC
Lucinda L Gerrior
Bargain & Sale Deed
—
Aug 23, 2023
—
Annette Mcdonald
Dennis Mcdonald
Deed
related
—
Aug 23, 2023
$450,000
Welcome In Good LLC
Jean M Linde
Warranty Deed
$506,250 · Heritage Southeast Bank
Oct 8, 2021
—
Lucinda L Gerrior
Lucinda L Gerrior
Intrafamily Transfer
related
—
Apr 29, 2010
$600,000
Don Gerrior
Ib Property Holdings LLC
Grant Deed
—
Jan 21, 2010
$790,000
Ib Property Holdings LLC
Seaside Te Of Washington INC
Trustees Deed
related
—
Nov 3, 2006
—
Rolfson Family Trust
Rolfson,eric G & Grace M
Quit Claim Deed
related
—
Apr 1, 2003
$668,954
Eric R Rolfson
Shopping Center Properties Of
Grant Deed
$570,000 · Shopping Center Properties Of
May 10, 1996
$315,000
Brian J Rolfson
Shopping Center Properties Mou
Grant Deed
$315,000 · Seller
—
—
Eric R Rolfson
—
Deed Of Trust
related
$780,000 · Whidbey Island Bank
—
—
Don L Gerrior
—
Deed Of Trust
related
$633,000 · Skagit State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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