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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Warehouses
15356 Produce Ln, Mount Vernon, WA 98273-8731
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0789716
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1900
Total area
6,212 SF
Lot
3.81 ac (165,964 SF)
APN
340322-0-010-0009
UPID
US90-0789716
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
-
CDL Avenue | Mount Vernon Vocational School
-
Washington Tulip Festival Music Venue
-
Valley Pride Agricultural Supply Food Market
-
NorthCross Commercial Driving School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$980k
Comparable Approach
Comparable
$531k
Blend (final)
Blend
$735k
Owner & transaction history
Larry R Jensen · 11 yrs held
Larry R Jensen
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+36.7%
Office building
$1.1M
+29.8%
Commercial (general)
$1.0M
+25.8%
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%
$1,060,000
6.5%
$980,000
7%
$910,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$810,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,110,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$1,055,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,020,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$985,000
Change: +21% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$885,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$118 / 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
$10,776
Tax year 2022
Assessed value
$737,400
Assessed 2021
Previous assessed
$737,400
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$401,400
Assessed improvement
$336,000
Land market value
$401,400
Improvement market value
$336,000
Total market value
$737,400
Applied tax rate
2,765.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1900
Heating
NONE
Buildings
3
Stories
1
Bathrooms
1
Total area
6,212 SF
Lot
3.81 ac (165,964 SF)
APN
340322-0-010-0009
UPID
US90-0789716
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
WAREHOUSE, STORAGE Current
Est. value
$810,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$985,000
INDUSTRIAL (GENERAL)
Est. value
$885,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
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
1900
Heating
NONE
Stories
1
Buildings
3
Bathrooms
1
Lot
3.81 ac
Current owner
From public records · entity-resolved
Larry R Jensen
Individual
Mailing address
15356 PRODUCE LN, MOUNT VERNON, WA 98273-8731
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2014
—
Larry R Jensen
—
Trustees Deed
related
$1,200,000 · Skagit Farmers Supply
Aug 28, 2012
—
Larry R Jensen
—
Trustees Deed
related
$370,536 · Whidbey Island Bank
May 24, 2000
—
Larry R Jensen
—
Deed Of Trust
related
$2,400,000 · Western Fsb
Mar 19, 1997
—
Larry Jensen
—
Deed Of Trust
related
$1,750,000 · Western Bank
—
—
Larry R Jensen
—
Deed Of Trust
related
$1,800,000 · West One Bank Washington
—
—
Larry Jensen
—
Deed Of Trust
related
$400,000 · Western Bank
—
—
Larry R Jensen
—
Deed Of Trust
related
$935,000 · Western Fsb
—
—
Larry R Jensen
—
Deed Of Trust
related
$213,164 · Western Fsb
—
—
Larry R Jensen
—
Deed Of Trust
related
$400,000 · Western Fsb
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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