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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Retail space
1930 Market St Mount Vernon, WA 98273-5402
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0342207
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
6,000 SF
Lot
0.68 ac (29,747 SF)
APN
8005-000-004-0003
UPID
US90-0342207
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
$1.07M
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.12M
Owner & transaction history
Visio Properties LLC · 2 yrs held
Visio Properties LLC
since 2023
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.4M
+52.5%
Restaurant
$1.3M
+33.1%
Apartment house (5+ units)
$1.1M
+12.9%
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
$1,050,000
ML approach
$1,070,000
CAP Approach
CAP Return
Estimation
6%
$845,000
6.5%
$780,000
7%
$725,000
Alternative Use
Use
Estimation
RETAIL STORES
$950,000
Current use
AUTO REPAIR, GARAGE
$1,445,000
Change: +52% · Conversion: Difficult
RESTAURANT
$1,265,000
Change: +33% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,070,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$1,020,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$985,000
Change: +4% · Conversion: Easy
INDUSTRIAL (GENERAL)
$855,000
Change: -10% · Conversion: Difficult
WAREHOUSE, STORAGE
$785,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±10% · vs last sale $1.17M (Dec 26 2023)
Last sale anchor
$1.17M
Dec 26 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
$186 / 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
$16,521
Tax year 2023
Assessed value
$1,407,200
Assessed 2022
Previous assessed
$1,290,000
+9.1% YoY
Effective rate
1.17%
On assessed value
Assessed land
$471,200
Assessed improvement
$936,000
Land market value
$471,200
Improvement market value
$936,000
Total market value
$1,407,200
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
2005
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
0.68 ac (29,747 SF)
APN
8005-000-004-0003
UPID
US90-0342207
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
$950,000
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$985,000
INDUSTRIAL (GENERAL)
Est. value
$855,000
WAREHOUSE, STORAGE
Est. value
$785,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (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
2005
Heating
NONE
Stories
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Visio Properties LLC
Entity
Mailing address
10851 SAMISH BCH LN, BOW, WA 98232-9405
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2023
$1,170,000
Visio Properties LLC
Douglas R Diener
Warranty Deed
$1,144,000 · Peoples Bank
Sep 26, 2017
$1,050,000
Diener-evans Trust
Hp Market Street LLC
Warranty Deed
—
Jun 20, 2005
—
Hp Market Street LLC
—
Trustees Deed
related
$641,000 · Business Bank Skagit County
Jun 13, 2005
—
Hp Market Street LLC
Smiley Properties LLC
Quit Claim Deed
related
—
Aug 6, 2004
—
Smiley Properties LLC
Seas Holding LLC
Quit Claim Deed
related
—
Apr 1, 2004
$349,020
First American Exchange Of Ska
Mount Vernon Pad Partners LP
Grant Deed
related
—
Jul 16, 1998
—
Vernon Pad Partners LP Mt
42nd/geary Partners LP
Grant Deed
related
—
Jul 11, 1997
$2,210,457
42nd/geary Partners LP
Safeway INC
Grant Deed
$4,640,837 · Wells Fargo Bank
Mar 13, 1997
$30,000
Darrell J Storkson
Safeway INC
Grant Deed
—
—
—
Dean A Smiley
—
Deed Of Trust
related
$491,409 · Smiley Howard P I C Trust (pt)
—
—
Hp Market Street LLC
—
Deed Of Trust
related
$640,000 · Us Bank NA
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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