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Property profile & analytics
OFF-MARKET
Individual retail properties
1229 Division St, Mount Vernon, WA 98273
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-1456901
Property profile
Verified
Property type
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Year built
2002
Total area
260 SF
Lot
0.95 ac (41,382 SF)
APN
340419-2-007-0004
UPID
US90-1456901
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mount Vernon Rv Park LLC · 20 yrs held
Mount Vernon Rv Park LLC
since 2005
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,408
Tax year 2022
Assessed value
$728,000
Assessed 2021
Previous assessed
$728,000
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$728,000
Land market value
$728,000
Total market value
$728,000
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
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Status
Off-Market
Year built
2002
Heating
YES
Cooling
YES
Stories
1
Total area
260 SF
Lot
0.95 ac (41,382 SF)
APN
340419-2-007-0004
UPID
US90-1456901
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
Building & site characteristics
From public records
Year built
2002
Heating
YES
Cooling
Yes
Stories
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Mount Vernon Rv Park LLC
Entity
Mailing address
1229 MEMORIAL HWY, MOUNT VERNON, WA 98273-3268
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Jul 14, 2025
—
Mount Vernon Rv Park LLC
—
Deed
related
$1,800,000 · Banner Bank
Apr 15, 2020
—
Mount Vernon Rv Park LLC
—
Deed
related
$1,700,000 · Banner Bk
Mar 9, 2018
—
Mount Vernon Rv Park LLC
—
Deed
related
$250,000 · Skagit Bk
Feb 9, 2017
—
Mount Vernon Rv Park LLC
—
Deed
related
$1,000,000 · Skagit Bk
Nov 3, 2005
—
Mount Vernon Rv Park LLC
Barnet,douglas J & Kimberly J
Quit Claim Deed
related
—
Nov 27, 2001
$150,000
Douglas J Barnet
Greer,dean A
Grant Deed
$150,000 · Peoples Bank & Trust
—
—
Mount Vernon Rv Park LLC
—
Deed Of Trust
related
$3,650,000 · Skagit State Bank
—
—
Dean A Greer
—
Deed Of Trust
related
$70,000 · Skagit State Bank
—
—
Mount Vernon Rv Park LLC
—
Deed Of Trust
related
$1,700,000 · Banner Bk
—
—
Mount Vernon Rv Park LLC
—
Deed Of Trust
related
$1,000,000 · Skagit Bk
—
—
Mount Vernon Rv Park LLC
—
Deed Of Trust
related
$250,000 · Skagit Bk
—
—
Douglas J Barnet
—
Deed Of Trust
related
$995,000 · 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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