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Financial
Distress signals
Property profile

1404 E College Way Mount Vernon, WA 98273

FOR LEASE
Other commercial real estate
Property ID
US90-0352273
2,674 SF 0.96 ac lot Built 1935
Last sale Nov 2021 · $1,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
1404 E College Way, Mount Vernon, WA 98273 For Lease
Contact for pricing 8,423 SF available
1404 E College Way, Mount Vernon, WA 98273
View Listing

Property summary

AI-generated overview

The property is a commercial office space totaling 1,672 square feet within an 8,423 square foot building. It is located on College Way with frontage that supports signage opportunities and provides ample on-site parking. The surrounding area includes physician and dental offices, including nearby Northwest Orthopedic Surgeons and Banner Bank. The property is zoned C-2 (General Commercial District), which permits a range of commercial business uses, subject to applicable zoning requirements.

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?
$22k
Tax billed · 2022
Assessed value · 2021$1.65M
Assessed land$563k
Assessed improvement$1.09M
Effective rate1.32%

Value estimate

· Oct 2026
$2.45M
$2.20M – $2.69M
AI approach$2.28M
NOI build-up
Gross scheduled income$302k
Vacancy & credit loss−$62k
Operating expenses−$60k
NOI · 1,199,800.00% cap applied$180k

Realmo valuation models over county records and 5 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 comparables5

Cap rate analysis

How does the asset earn?
1,199,800.00%
$180k 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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm15.7
Electrical Service10.2
HVAC Service10.1

Location

1404 E College Way Mount Vernon, WA 98273
County assessor Recorded deeds · 4 transfers 5 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
900 Mclean, Mount Vernon, WA 98273-3246 $475,000 Oct 2021 3,534 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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