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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    14808 Jackpot Ln Mount Vernon, WA 98273

    • Commercial real estate
    • 2.40 lot acres
    For Sale
    View listing
    $1,097,712
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2162794
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tom Wells Custm Gof Clubs / Golf Shop

    Property Details for 14808 Jackpot Ln

    Lot size
    2.40 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.4-acre industrial land parcel presents a compelling investment opportunity in the thriving Mount Vernon, Washington market. Strategically located on Jackpot Lane, this property enjoys convenient access to State Route 536, providing seamless connectivity to Anacortes and surrounding areas. The zoning allows for a wide range of commercial and industrial uses, making it ideal for various development projects. Imagine the possibilities – a modern storage facility, a light industrial complex, or another suitable venture. The property's expansive size offers ample space for construction and maneuvering, while its prime location ensures high visibility and accessibility. The asking price for this remarkable property is $1,097,712. This represents a significant opportunity to acquire a substantial piece of land in a rapidly growing region with excellent transportation links. The property is privately owned and is available for immediate purchase. Detailed zoning information is readily available upon request. Don't miss this chance to secure a valuable asset in a dynamic and promising market. This is a rare opportunity to acquire a large, well-situated industrial lot in Skagit County, Washington, with a zip code of 98273. The property's latitude and longitude coordinates are 48.4307333 and -122.3661798 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Skagit
    State
    Washington
    Longitude
    -122.3661798
    Latitude
    48.4307333

    Comparable in this City

    • $1,800,000
      3.41 Acres

      Mount Vernon Industrial Land - $1.8M

      3.41-acre industrial lot, prime location.
      2201 Gunn Rd, Mount Vernon, WA 98273
      View Details
    • $750,000
      0.84 Acres

      Mount Vernon Industrial Land

      0.84-acre lot, prime location.
      1920 Railroad Ave, Mount Vernon, WA 98273
      View Details
    • $10,000,000

      Skagit County Industrial Development Opportunity

      23.08-acre industrial parcel with 135,360 SF building space for sale.
      13421 Farm To Market Rd, Mount Vernon, WA 98273
      View Details
    • $1,100,000
      4,800 SF

      Commercial/Light Industrial Site For Sale

      Commercial/light industrial site with improvements, easy I-5 access.
      3927 Old Highway 99 S Rd S, Mount Vernon, WA 98273
      View Details
    • $1,097,712
      104,544 SF

      Mount Vernon Commercial/Industrial Property

      Commercial and industrial property in Mount Vernon, WA, available for sale.
      14808 Jackpot Ln, Mount Vernon, WA 98273
      View Details
    • $345,000
      0.66 Acres

      Mount Vernon Industrial Land Parcel

      0.66-acre lot, I-5 access, C-L zoning
      2126 Gunn Rd, Mount Vernon, WA 98273
      View Details

    Similar Nearby for Sale

    • $1,800,000
      3.41 Acres

      Mount Vernon Industrial Land - $1.8M

      3.41-acre industrial lot, prime location.
      2201 Gunn Rd, Mount Vernon, WA 98273
      View Details
    • $750,000
      0.84 Acres

      Mount Vernon Industrial Land

      0.84-acre lot, prime location.
      1920 Railroad Ave, Mount Vernon, WA 98273
      View Details
    • $1,097,712
      104,544 SF

      Mount Vernon Commercial/Industrial Property

      Commercial and industrial property in Mount Vernon, WA, available for sale.
      14808 Jackpot Ln, Mount Vernon, WA 98273
      View Details
    • $10,000,000

      Skagit County Industrial Development Opportunity

      23.08-acre industrial parcel with 135,360 SF building space for sale.
      13421 Farm To Market Rd, Mount Vernon, WA 98273
      View Details
    • $1,100,000
      4,800 SF

      Commercial/Light Industrial Site For Sale

      Commercial/light industrial site with improvements, easy I-5 access.
      3927 Old Highway 99 S Rd S, Mount Vernon, WA 98273
      View Details
    • $345,000
      0.66 Acres

      Mount Vernon Industrial Land Parcel

      0.66-acre lot, I-5 access, C-L zoning
      2126 Gunn Rd, Mount Vernon, WA 98273
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      11,904 SF

      SR 9 Warehouse - Clear Lake

      Industrial Warehouse Space for Lease
      12842 State Route 9, Mount Vernon, WA 98273
      View Details
    • $0.93 SF/Yr
      7,093 SF

      Skagit Valley Clear Span Building

      Stand-alone 7,093 square foot building for lease in Mount Vernon.
      219 E Taylor St, Mount Vernon, WA 98273
      View Details
    • $0.87 SF/Yr
      3,440 SF

      Industrial Building Near State Route

      3,440 SF industrial building with four grade-level doors.
      13527 Farm To Market Rd, Mount Vernon, WA 98273
      View Details
    • $0.90 SF/Yr
      8,000 SF

      Mount Vernon Warehouse Space Available

      8,000 SF warehouse space in multi-tenant building for lease.
      1030 Riverside Dr, Mount Vernon, WA 98273
      View Details
    • $3,000 /Mo
      5,000 SF

      Versatile Commercial Space For Rent

      5000 sqft commercial space suitable for various business operations.
      14601 River Bend Rd, Mount Vernon, WA 98273
      View Details
    • $500,000

      Land for Rent

      Land available for rent in Mount Vernon, WA.
      211 Suzanne Ln, Mount Vernon, WA 98273
      View Details
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    Mount Vernon, WA 98273
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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