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Property profile & analytics
FOR LEASE
Retail space
1626 Freeway Dr Mount Vernon, WA 98273
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-0390652
For Lease
1 / 2
$25 SF/Yr
1626 Freeway Dr, Mount Vernon, WA 98273
View Listing →
Property summary
AI-generated overview
This exceptional commercial property at 1626 Freeway Drive in Mount Vernon, Washington, offers 4,800 square feet of versatile office space in a highly desirable location. The building, situated on a 0.36-acre lot (APN 26200, Skagit County), features two suites, with one currently vacant, offering 2,300 to 2,500 contiguous square feet. The minimum divisible space is 2,300 square feet, making it ideal for a variety of businesses. Enjoy convenient access to Interstate 5 via exit 227/College Way, placing your business within easy reach of major transportation routes. The property benefits from a strong commercial presence, neighboring Woods Coffee and situated near Lowe's, Walmart, and numerous restaurants. This C-2 General Commercial zoned property provides excellent visibility and accessibility. The address is 1626 Freeway Dr, Mount Vernon, WA 98273, with a cross street of Riverside Drive. All information is believed to be accurate but should be independently verified.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Total area
4,800 SF
Lot
0.36 ac (15,682 SF)
APN
340418-0-108-0007
UPID
US90-0390652
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
$625k
Comparable Approach
Comparable
$676k
Blend (final)
Blend
$690k
Owner & transaction history
Joshua Sanford · 12 yrs held
Joshua Sanford
since 2014
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$815,000
+7.3%
Commercial (general)
$790,000
+3.9%
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%
$675,000
6.5%
$625,000
7%
$580,000
Alternative Use
Use
Estimation
RETAIL STORES
$760,000
Current use
OFFICE BUILDING
$815,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$790,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$625,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$144 / 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
$9,957
Tax year 2023
Assessed value
$847,900
Assessed 2022
Previous assessed
$777,300
+9.1% YoY
Effective rate
1.17%
On assessed value
Assessed land
$316,700
Assessed improvement
$531,200
Land market value
$316,700
Improvement market value
$531,200
Total market value
$847,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1985
Heating
NONE
Stories
1
Total area
4,800 SF
Lot
0.36 ac (15,682 SF)
APN
340418-0-108-0007
UPID
US90-0390652
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
RETAIL STORES Current
Est. value
$760,000
OFFICE BUILDING
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$790,000
WAREHOUSE, STORAGE
Est. value
$625,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1985
Heating
NONE
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Joshua Sanford
Individual
Mailing address
1375 CLUBHILL DR, ROCKWALL, TX 75087-2357
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
—
Joshua Sanford
—
Deed
related
$300,000 · Peoples Bank
Oct 17, 2022
—
Joshua Sanford
—
Deed
related
$300,000 · Peoples Bank
May 22, 2014
$450,000
Joshua Sanford
Dahlgren Family LLC 3
Grant Deed
$405,000 · Dahlgren Family LLC #3
May 11, 2006
—
Dahlgren Family LLC 3
Dahlgren Family Ptshp 3
Quit Claim Deed
related
—
—
—
Sanford,joshua
—
Deed Of Trust
related
$405,000 · Peoples Bk
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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