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Property profile & analytics
OFF-MARKET
Estimated value
$6,370,000
Office buildings
1401 Laventure Rd Mount Vernon, WA 98274-6033
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1324864
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2003
Total area
20,368 SF
Lot
1 ac (43,560 SF)
APN
340429-1-007-0200
UPID
US90-1324864
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
-
Jenna Beh Physician
-
Jennifer Dalziel Physician
-
Robert Billow Physician
-
HERBIE YUNG Physician
-
CARA ALEXANDRA WALKER Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.14M
Comparable Approach
Comparable
$6.60M
Blend (final)
Blend
$6.37M
Owner & transaction history
Berschauer Group Bottling LLC · 3 yrs held
Berschauer Group Bottling LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+8.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,735,000
6.5%
$7,140,000
7%
$6,630,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,510,000
Current use
AUTO REPAIR, GARAGE
$4,910,000
Change: +9% · Conversion: Difficult
RESTAURANT
$4,290,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$6.37M
Range $5.73M – $7.01M · ±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
$313 / 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
$97,445
Tax year 2022
Assessed value
$8,313,800
Assessed 2021
Previous assessed
$8,313,800
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,587,800
Assessed improvement
$6,726,000
Land market value
$1,587,800
Improvement market value
$6,726,000
Total market value
$8,313,800
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2003
Heating
NONE
Stories
1
Total area
20,368 SF
Lot
1 ac (43,560 SF)
APN
340429-1-007-0200
UPID
US90-1324864
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
OFFICE BUILDING Current
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RESTAURANT
Est. value
$4.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
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
2003
Heating
NONE
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Berschauer Group Bottling LLC
Entity
Mailing address
3922 COUNTRY CLB DR NW, OLYMPIA, WA 98502-3711
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
—
Berschauer Group Bottling LLC
Skagit Island LLC
Warranty Deed
—
May 10, 2018
—
Skagit Island LLC
—
Deed
related
$5,475,000 · Heritage Bk
Feb 5, 2003
—
Skagit Island LLC
—
Trustees Deed
related
$612,000 · Whidbey Island Bank
Mar 11, 2002
—
Steven H Johnson
Hocking,john
Quit Claim Deed
related
—
Mar 11, 2002
$836,181
Skagit Island LLC
Venture Properties
Grant Deed
—
—
—
Skagit Island LLC
—
Deed Of Trust
related
$5,200,000 · Whidbey Island Bank
—
—
Skagit Island LLC
—
Deed Of Trust
related
$300,000 · Whidbey Island Bank
—
—
Skagit Island LLC
—
Deed Of Trust
related
$3,113,000 · Whidbey Island Bank
—
—
Skagit Island LLC
—
Deed Of Trust
related
$5,475,000 · Heritage Bk
—
—
Skagit Island LLC
—
Deed Of Trust
related
$4,000,000 · Whidbey Island 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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