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Property profile & analytics
OFF-MARKET
Estimated value
$3,375,000
Turn key restaurants
2001 Fwy Dr Mount Vernon, WA 98273-5470
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1946133
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2012
Total area
4,831 SF
Lot
0.9 ac (39,034 SF)
APN
340418-1-010-0002
UPID
US90-1946133
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
-
Pardon My Cheesesteak Restaurant
-
TenderFix by Noah Schnapp Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.38M
Owner & transaction history
Newcastle Property Investments LLC · 4 yrs held
Newcastle Property Investments LLC
since 2022
Last sale
$3.6M
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
$3,140,000
ML approach
$3,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.38M
Range $3.04M – $3.71M · ±10% · vs last sale $3.59M (Jun 13 2022)
Last sale anchor
$3.59M
Jun 13 2022
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
$699 / 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
$26,201
Tax year 2022
Assessed value
$1,978,800
Assessed 2021
Previous assessed
$1,978,800
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$687,000
Assessed improvement
$1,291,800
Land market value
$687,000
Improvement market value
$1,291,800
Total market value
$1,978,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2012
Heating
NONE
Total area
4,831 SF
Lot
0.9 ac (39,034 SF)
APN
340418-1-010-0002
UPID
US90-1946133
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
Building & site characteristics
From public records
Year built
2012
Heating
NONE
Lot
0.9 ac
Current owner
From public records · entity-resolved
Newcastle Property Investments LLC
Entity
Mailing address
13928 SE 88TH PL, NEWCASTLE, WA 98059-3486
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2022
—
Newcastle Property Investments LLC
Jk Yoon
Quit Claim Deed
related
—
May 27, 2022
$3,590,000
Jk Yoon
Hope And The Diamonds LLC
Warranty Deed
—
Feb 1, 2013
$2,220,280
Hope & The Diamonds LLC
Mddc Investments LLC
Warranty Deed
$950,000 · Us Bank NA
Sep 7, 2012
$525,280
Mddc Investments LLC
Watson Properties
Warranty Deed
$1,037,600 · Peoples Bank
Sep 13, 2001
—
Watson Properties
—
Trustees Deed
related
$1,600,000 · Frontier Bank
May 7, 1998
$780,000
Watson Properties
Watson,edward J & Sara H
Grant Deed
related
—
—
—
Watson Properties
—
Deed Of Trust
related
$630,871 · Summit Bank
—
—
Watson Properties
—
Deed Of Trust
related
$766,679 · Summit Bank
—
—
Watson Properties
—
Deed Of Trust
related
$509,000 · Business Bank
—
—
Watson Properties LP
—
Deed Of Trust
related
$2,390,000 · Individual
—
—
Watson Properties LP
—
Deed Of Trust
related
$75,000 · Horizon Bank
—
—
Watson Properties
—
Deed Of Trust
related
$100,000 · Us Bank NA
—
—
Watson Properties LP
—
Deed Of Trust
related
$100,000 · Horizon Bank
—
—
Watson Properties LP
—
Deed Of Trust
related
$400,000 · Whidbey Island Bank
—
—
Watson Properties LP
—
Deed Of Trust
related
$125,000 · Horizon Bank
—
—
Watson Properties
—
Deed Of Trust
related
$75,000 · Horizon 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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