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Property profile & analytics
OFF-MARKET
Estimated value
$16,410,000
Individual retail properties
1717 Fwy Dr, Mount Vernon, WA 98273-5440
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-3355777
Property profile
Verified
Property type
Individual retail properties
Use group
GARDEN CENTER, HOME IMPROVEMENT
Year built
1993
Total area
117,298 SF
Lot
7.16 ac (311,890 SF)
APN
8038-000-002-0000
UPID
US90-3355777
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
-
Primo Water Exchange Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.41M
Owner & transaction history
Buchtel Realty Investors LLC · 2 yrs held
Buchtel Realty Investors LLC
since 2023
Last sale
$17.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$15,250,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$17,610,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$15,170,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$14,190,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,840,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,940,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$12,640,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$11,420,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$16.41M
Range $14.77M – $18.05M · ±10% · vs last sale $16.99M (Jul 25 2023)
Last sale anchor
$16.99M
Jul 25 2023
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
$140 / 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
$116,408
Tax year 2023
Assessed value
$9,917,800
Assessed 2022
Previous assessed
$9,091,400
+9.1% YoY
Effective rate
1.17%
On assessed value
Assessed land
$3,705,200
Assessed improvement
$6,212,600
Land market value
$3,705,200
Improvement market value
$6,212,600
Total market value
$9,917,800
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
Individual retail properties
Use group
GARDEN CENTER, HOME IMPROVEMENT
Status
Off-Market
Year built
1993
Heating
NONE
Stories
1
Total area
117,298 SF
Lot
7.16 ac (311,890 SF)
APN
8038-000-002-0000
UPID
US90-3355777
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
RESTAURANT
Est. value
$17.6M
OFFICE BUILDING
Est. value
$15.2M
INDUSTRIAL (GENERAL)
Est. value
$14.2M
COMMERCIAL (GENERAL)
Est. value
$13.8M
AUTO REPAIR, GARAGE
Est. value
$12.9M
MEDICAL BUILDING
Est. value
$12.6M
RETAIL STORES
Est. value
$11.4M
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1993
Heating
NONE
Stories
1
Lot
7.16 ac
Current owner
From public records · entity-resolved
Buchtel Realty Investors LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2023
—
Buchtel Realty Investors LLC
Buchtel Realty Investors LLC
Intrafamily Transfer
related
—
Mar 3, 2022
—
Buchtel Realty Investors LLC
—
Deed
related
$3,850,000 · Firstbank
Apr 10, 2018
$16,991,453
Buchtel Realty Investors LLC
Mrm Mt Vernon LLC
Grant Deed
—
Feb 2, 2018
—
Mrm Mt Vernon LLC
—
Deed
related
$6,999,900 · Private Individual
Jan 14, 2004
$15,124,183
Mrm Mt Vernon LLC
Waco Mount Vernon Lowes LLC
Grant Deed
—
—
—
Mrm Mt Vernon LLC
—
Deed Of Trust
related
$7,200,000 · Symetra Life Insurance Co
—
—
Mrm Mt Vernon LLC
—
Deed Of Trust
related
$6,999,900 · Private Individual
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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