Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Apartment buildings
1917 Laventure Rd Mount Vernon, WA 98274
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1992578
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2011
Total area
5,270 SF
Lot
3.4 ac (148,104 SF)
APN
340417-1-014-0207
UPID
US90-1992578
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
-
Food Express King Take-out & Catering Catering Service
-
Habitat Roofing Solutions LLC Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$645k
Blend (final)
Blend
$600k
Owner & transaction history
Mount Vernon Re LLC · 17 yrs held
Mount Vernon Re LLC
since 2008
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
$620,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$500,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$940,000
Current use
RETAIL STORES
$875,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$870,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$114 / 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
$16,769
Tax year 2023
Assessed value
$5,012,300
Assessed 2022
Previous assessed
$3,408,364
+47.1% YoY
Effective rate
0.33%
On assessed value
Assessed land
$781,200
Assessed improvement
$4,231,100
Land market value
$781,200
Improvement market value
$4,231,100
Total market value
$5,012,300
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2011
Heating
NONE
Bathrooms
22
Total area
5,270 SF
Lot
3.4 ac (148,104 SF)
APN
340417-1-014-0207
UPID
US90-1992578
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$940,000
RETAIL STORES
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$870,000
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
2011
Heating
NONE
Bathrooms
22
Lot
3.4 ac
Current owner
From public records · entity-resolved
Mount Vernon Re LLC
Entity
Free & Clear · 17 yrs held
Mailing address
100 23RD AVE S, SEATTLE, WA 98144-2302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
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
Aug 18, 2008
—
Mount Vernon Re LLC
Lepage Dev LLC
Quit Claim Deed
related
—
Jul 17, 2008
$1,638,898
Lepage Dev LLC
Banner Bank
Grant Deed
—
May 13, 2008
$2,120,000
Banner Bank
A & F Trustee Svcs INC
Trustees Deed
related
—
Aug 26, 2005
—
Richard S Duffy
Dsvp LLC
Quit Claim Deed
related
—
Aug 26, 2005
$650,000
Island Construction INC
Duffy,richard S
Warranty Deed
—
Mar 22, 2002
—
D S V P LLC
Duffy,richard F
Quit Claim Deed
related
$248,000 · Whidbey Island Bank
Mar 5, 1999
$343,202
Richard S Duffy
Bouma,gene & Maralee S
Grant Deed
$249,000 · Peoples Bank & Trust
—
—
Charter Builders INC
—
Deed Of Trust
related
$2,325,000 · Banner 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.
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 1917 Laventure Rd?
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.
