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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Medical Office Space
120 15th St Mount Vernon, WA 98274-4500
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US90-3326108
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1972
Total area
4,635 SF
Lot
0.54 ac (23,392 SF)
APN
340420-0-131-0004
UPID
US90-3326108
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
Current use
Occupant on record · Public records
-
Austin Gallant Dental Office
-
Alexander David Riel Dental Office
-
Randolph Verity Anderson Physician
-
Pacific Dental Alliance Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
$515k
Comparable Approach
Comparable
$689k
Blend (final)
Blend
$540k
Owner & transaction history
Aviram Properties LLC · 17 yrs held
Aviram Properties LLC
since 2008
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$850,000
+70.2%
Commercial (general)
$700,000
+40.2%
Auto repair, garage
$560,000
+12.6%
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
by Request
ML approach
$410,000
CAP Approach
CAP Return
Estimation
6%
$560,000
6.5%
$515,000
7%
$480,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$500,000
Current use
OFFICE BUILDING
$850,000
Change: +70% · Conversion: Easy
COMMERCIAL (GENERAL)
$700,000
Change: +40% · Conversion: Easy
AUTO REPAIR, GARAGE
$560,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$460,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
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
$117 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$14,841
Tax year 2022
Assessed value
$1,265,800
Assessed 2021
Previous assessed
$1,265,800
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$568,900
Assessed improvement
$696,900
Land market value
$568,900
Improvement market value
$696,900
Total market value
$1,265,800
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
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1972
Heating
NONE
Stories
1
Total area
4,635 SF
Lot
0.54 ac (23,392 SF)
APN
340420-0-131-0004
UPID
US90-3326108
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
MEDICAL BUILDING Current
Est. value
$500,000
OFFICE BUILDING
Est. value
$850,000
COMMERCIAL (GENERAL)
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$560,000
RETAIL STORES
Est. value
$460,000
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1972
Heating
NONE
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Aviram Properties LLC
Entity
Mailing address
120 S 15TH ST, MOUNT VERNON, WA 98274-4500
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2008
$1,100,000
Aviram Properties LLC
Evergreen Prof Center LLC
Warranty Deed
$700,000 · Columbia State Bank
Sep 11, 2002
—
Mount Vernon City (wa)
Evergreen Professional Center
Grant Deed
related
—
May 3, 2000
—
Evergreen Professional Center
Pirkle,lawrence W
Quit Claim Deed
related
—
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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