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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Retail properties & Spaces
1724 Fwy Dr, Mount Vernon, WA 98273-5435
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0394173
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1975
Total area
3,791 SF
Lot
0.71 ac (30,928 SF)
APN
340418-1-008-0006
UPID
US90-0394173
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
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$690k
Blend (final)
Blend
$575k
Owner & transaction history
Christina M Padilla · 8 yrs held
Christina M Padilla
since 2018
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
by Request
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$540,000
Current use
OFFICE BUILDING
$490,000
Change: -9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$445,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$152 / 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
$17,253
Tax year 2023
Assessed value
$1,469,600
Assessed 2022
Previous assessed
$1,290,000
+13.9% YoY
Effective rate
1.17%
On assessed value
Assessed land
$719,200
Assessed improvement
$750,400
Land market value
$719,200
Improvement market value
$750,400
Total market value
$1,469,600
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 properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1975
Heating
NONE
Total area
3,791 SF
Lot
0.71 ac (30,928 SF)
APN
340418-1-008-0006
UPID
US90-0394173
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$540,000
OFFICE BUILDING
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$445,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
OFFICE BUILDING
COMMERCIAL (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
1975
Heating
NONE
Lot
0.71 ac
Current owner
From public records · entity-resolved
Christina M Padilla
Individual
Mailing address
18424 STATE RTE 9TH 9, MOUNT VERNON, WA 98274-8123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2023
—
Tbbv Llvc
—
Deed
related
$1,209,350 · Umpqua Bank
Apr 24, 2018
—
Christina M Padilla
Hensrude,scott T
Quit Claim Deed
related
—
May 1, 2013
$855,000
Scott Hensrude
White,lloyd J
Warranty Deed
$782,000 · Hometown National Bank
Nov 1, 2012
$834,960
Lloyd J White
Business Bk
Grant Deed
—
Dec 8, 2011
$533,401
Business Bk
Winslow,michael A
Trustees Deed
related
—
Apr 1, 2003
—
Steven K Hollenbeck
Kenealy,tr
Grant Deed
related
$480,000 · Kenealy Trust
—
—
Steve K Hollenbeck
—
Deed Of Trust
related
$200,000 · Business Bank Skagit County
—
—
Steve K Hollenbeck
—
Deed Of Trust
related
$150,000 · Business Bank Skagit County
—
—
Steve K Hollenbeck
—
Deed Of Trust
related
$386,032 · Business Bank
—
—
Steve K Hollenbeck
—
Deed Of Trust
related
$150,000 · Business Bank
—
—
Steven K Hollenbeck
—
Deed Of Trust
related
$171,849 · Whidbey Island Bank
—
—
Steven K Hollenbeck
—
Deed Of Trust
related
$494,236 · Business 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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