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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Retail space
17695 State Rte 536, Mount Vernon, WA 98273-3272
Entity Owned
~
Est. High Equity
Property ID
US90-0669462
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1967
Total area
4,041 SF
Lot
0.85 ac (37,026 SF)
APN
340313-0-027-0001
UPID
US90-0669462
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
$550k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$688k
Blend (final)
Blend
$595k
Owner & transaction history
SR 536 Investments LLC
SR 536 Investments LLC
since 2025
Last sale
$710,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$975,000
+52.5%
Office building
$685,000
+7.3%
Commercial (general)
$665,000
+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
$570,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
RETAIL STORES
$640,000
Current use
AUTO REPAIR, GARAGE
$975,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$685,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$665,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$530,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $710k (Dec 16 2025)
Last sale anchor
$710k
Dec 16 2025
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
$147 / 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
$7,347
Tax year 2022
Assessed value
$530,900
Assessed 2021
Previous assessed
$530,900
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$297,300
Assessed improvement
$233,600
Land market value
$297,300
Improvement market value
$233,600
Total market value
$530,900
Applied tax rate
2,755.0000
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
1967
Heating
NONE
Stories
1
Total area
4,041 SF
Lot
0.85 ac (37,026 SF)
APN
340313-0-027-0001
UPID
US90-0669462
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
$640,000
AUTO REPAIR, GARAGE
Est. value
$975,000
OFFICE BUILDING
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$665,000
WAREHOUSE, STORAGE
Est. value
$530,000
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
1967
Heating
NONE
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
SR 536 Investments LLC
Entity
Mailing address
1528 ALPINE VW DR, MOUNT VERNON, WA 98274-8725
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2025
$710,000
SR 536 Investments LLC
17691 SR 536 LLC
Warranty Deed
$575,000 · 17691 SR 536 LLC
Jul 29, 2022
$650,000
17691 SR 535 LLC
Dawn E Latimer
Warranty Deed
—
Nov 6, 2017
—
Dawne E Latimer
Thompson,harrold F & Cleda M
Quit Claim Deed
related
—
—
—
Charles S Yaw
—
Deed Of Trust
related
$40,000 · Seafirst 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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