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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Office buildings
1601 College Way Mount Vernon, WA 98273-5612
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3306179
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1976
Total area
4,644 SF
Lot
0.45 ac (19,602 SF)
APN
340417-0-189-0000
UPID
US90-3306179
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
-
Consejo Counseling and Referral Service Medical Clinic
-
Shelly Jones Counselor
-
Shea English Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$795k
Blend (final)
Blend
$1.11M
Owner & transaction history
Consejo Counseling And Referral Ser · 4 yrs held
Consejo Counseling And Referral Ser
since 2022
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+42.1%
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
$1,000,000
ML approach
$1,120,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$790,000
Current use
AUTO REPAIR, GARAGE
$1,120,000
Change: +42% · Conversion: Difficult
COMMERCIAL (GENERAL)
$765,000
Change: -3% · Conversion: Easy
RETAIL STORES
$735,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $1.15M (Jun 22 2022)
Last sale anchor
$1.15M
Jun 22 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
$238 / 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
$10,197
Tax year 2022
Assessed value
$769,900
Assessed 2021
Previous assessed
$769,900
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$308,700
Assessed improvement
$461,200
Land market value
$308,700
Improvement market value
$461,200
Total market value
$769,900
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1976
Heating
NONE
Stories
1
Total area
4,644 SF
Lot
0.45 ac (19,602 SF)
APN
340417-0-189-0000
UPID
US90-3306179
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
OFFICE BUILDING Current
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$765,000
RETAIL STORES
Est. value
$735,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1976
Heating
NONE
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Consejo Counseling And Referral Ser
Individual
Mailing address
723 SW 10TH ST, RENTON, WA 98057-5223
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2022
$1,145,000
Consejo Counseling And Referral Ser
Hundahl Enteprises LLC
Warranty Deed
—
Mar 30, 2017
—
Phoenix Recovery Svcs Ents LLC
Hundahl,donald E & Carol R
Warranty Deed
related
—
May 10, 2004
$144,101
Donald E Hundahl
Aiken,michael P & Cherri
Grant Deed
$278,100 · Horizon Bank
—
—
Michael P Aiken
—
Deed Of Trust
related
$220,516 · Skagit State Bank
—
—
Donald E Hundahl
—
Deed Of Trust
related
$150,000 · Washington Federal Savings
—
—
Michael P Aiken
—
Deed Of Trust
related
$167,000 · Whidbey Island Bank
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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