Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Retail space
1705 College Way Mount Vernon, WA 98273-5695
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0076980
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1972
Total area
4,172 SF
Lot
0.37 ac (16,117 SF)
APN
8001-000-002-0001
UPID
US90-0076980
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
$540k
Comparable Approach
Comparable
$608k
Blend (final)
Blend
$605k
Owner & transaction history
Lindsey Salon Holdings LLC · 11 yrs held
Lindsey Salon Holdings LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+52.5%
Office building
$710,000
+7.3%
Commercial (general)
$685,000
+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%
$585,000
6.5%
$540,000
7%
$505,000
Alternative Use
Use
Estimation
RETAIL STORES
$660,000
Current use
AUTO REPAIR, GARAGE
$1,005,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$710,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$685,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$545,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$145 / 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
$7,920
Tax year 2023
Assessed value
$764,700
Assessed 2022
Previous assessed
$701,000
+9.1% YoY
Effective rate
1.04%
On assessed value
Assessed land
$261,100
Assessed improvement
$503,600
Land market value
$261,100
Improvement market value
$503,600
Total market value
$764,700
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
Off-Market
Year built
1972
Heating
NONE
Stories
1
Total area
4,172 SF
Lot
0.37 ac (16,117 SF)
APN
8001-000-002-0001
UPID
US90-0076980
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
$660,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$685,000
WAREHOUSE, STORAGE
Est. value
$545,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
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
1972
Heating
NONE
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Lindsey Salon Holdings LLC
Entity
Mailing address
1705 E COLLEGE WAY, MOUNT VERNON, WA 98273-5695
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2024
—
Lindsey Salon Holdings LLC
—
Deed
related
$500,000 · Jason Johnson Etal
May 26, 2023
—
Lindsey Salon Holdings LLC
—
Deed
related
$106,000 · Jsl Lending LLC
Apr 22, 2015
—
Lindsey Salon Holdings LLC
Lindsey Curtis S & Heather A
Quit Claim Deed
—
Jan 3, 2007
$398,000
Tiab LLC
Bailey Family
Warranty Deed
$368,000 · Bailey Family LP
Sep 17, 2001
$337,386
Bailey Family LP
Aiken,michael P
Grant Deed
—
—
—
Curtis Lindsey
—
Deed Of Trust
related
$312,000 · Ameritrust Cdc
—
—
Tiab LLC
—
Deed Of Trust
related
$200,000 · Horizon Bank
—
—
Tiab LLC
—
Deed Of Trust
related
$600,000 · Gregory Ronald D & C M Tr (tr)
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1705 College Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
