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Property profile & analytics
OFF-MARKET
Commercial land
1411 Riverside Dr Mount Vernon, WA 98273
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-0351812
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.79 ac (34,412 SF)
APN
8006-000-007-0006
UPID
US90-0351812
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
Skagit Valley Square LLC · 4 yrs held
Skagit Valley Square LLC
since 2022
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
$4,321
Tax year 2022
Assessed value
$326,000
Assessed 2021
Previous assessed
$326,000
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$326,000
Land market value
$326,000
Total market value
$326,000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.79 ac (34,412 SF)
APN
8006-000-007-0006
UPID
US90-0351812
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
Heating
NONE
Lot
0.79 ac
Current owner
From public records · entity-resolved
Skagit Valley Square LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1717 WOODSTEAD CT STE #298, SPRING, TX 77380-1448
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2022
—
Skagit Valley Square LLC
B33 Skagit Valley LLC
Special Warranty Deed
—
Jun 23, 2017
$14,675,000
B33 Skagit Valley LLC
100-310 East Clg Way Holdings
Trustees Deed
$11,300,000 · Ubs Ag
Oct 19, 2011
$8,370,000
100-310 East Clg Way Holdings
Regional Trustee Services Corp
Trustees Deed
related
—
Mar 31, 2006
—
Skagit Capital Ll
Benaroya Cap Co LLC
Warranty Deed
related
—
Mar 30, 2006
$23,000,000
Skagit Capital LLC
Benaroya Capital Co LLC
Warranty Deed
$18,500,000 · Wachovia Bank NA
Mar 23, 2006
—
Michael K Mckernan
Mckernan Fairway Center LLC
Quit Claim Deed
—
Oct 13, 2004
$14,380,000
Benaroya Capital Co LLC
Skagit Mall 90 Associates
Warranty Deed
related
—
Jul 31, 2003
—
Skagit Mall 90 Associates
—
Deed Of Trust
related
$8,000,000 · Us Bank NA
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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