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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Manufacturing properties
1414 Cleveland Ave Mount Vernon, WA 98273-4862
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-2289821
Property profile
Verified
Property type
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Year built
1975
Total area
8,480 SF
Lot
0.56 ac (24,481 SF)
APN
3720-005-030-0006
UPID
US90-2289821
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
$950k
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$653k
Blend (final)
Blend
$1.02M
Owner & transaction history
Sjh Building LLC · 4 yrs held
Sjh Building LLC
since 2022
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.5M
+25.5%
Office building
$1.4M
+19.2%
Commercial (general)
$1.4M
+15.5%
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
$925,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$1,195,000
6.5%
$1,100,000
7%
$1,025,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,205,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,515,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$1,440,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,395,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$1,340,000
Change: +11% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,110,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $1.06M (Jun 30 2022)
Last sale anchor
$1.06M
Jun 30 2022
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
$120 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,180
Tax year 2023
Assessed value
$658,900
Assessed 2022
Previous assessed
$615,000
+7.1% YoY
Effective rate
1.09%
On assessed value
Assessed land
$363,500
Assessed improvement
$295,400
Land market value
$363,500
Improvement market value
$295,400
Total market value
$658,900
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
Manufacturing properties
Use group
LUMBER & WOOD PRODUCT MFG
Status
Off-Market
Year built
1975
Heating
NONE
Stories
1
Total area
8,480 SF
Lot
0.56 ac (24,481 SF)
APN
3720-005-030-0006
UPID
US90-2289821
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1975
Heating
NONE
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Sjh Building LLC
Entity
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
$1,060,000
Sjh Building LLC
Bailey 1414 LLC
Warranty Deed
$980,500 · Bailey 1414 LLC
Jun 7, 2016
—
Bailey 1414 LLC
Bailey Family LP
Quit Claim Deed
related
—
May 31, 2016
$805,669
Bailey Family LP
Killowen LLC
Deed In Lieu Of Foreclosure
—
Dec 30, 2010
$893,000
Killowen LLC
Bailey Family LP
Warranty Deed
$843,000 · Bailey Family LP
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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