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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Office buildings
211 1st St Mount Vernon, WA 98273
Entity Owned
~
Est. High Equity
Property ID
US90-0597421
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1982
Total area
14,369 SF
Lot
0.9 ac (39,374 SF)
APN
3702-002-010-0116
UPID
US90-0597421
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$2.58M
Owner & transaction history
Kironikaia LLC
Kironikaia LLC
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.5M
+42.1%
Restaurant
$3.0M
+24.1%
Apartment house (5+ units)
$2.6M
+5.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,440,000
Current use
AUTO REPAIR, GARAGE
$3,465,000
Change: +42% · Conversion: Difficult
RESTAURANT
$3,025,000
Change: +24% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,565,000
Change: +5% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,360,000
Change: -3% · Conversion: Easy
RETAIL STORES
$2,275,000
Change: -7% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,045,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±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
$180 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$28,289
Tax year 2021
Assessed value
$2,564,900
Assessed 2021
Previous assessed
$2,564,900
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$443,000
Assessed improvement
$2,121,900
Land market value
$443,000
Improvement market value
$2,121,900
Total market value
$2,564,900
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1982
Heating
NONE
Stories
1
Total area
14,369 SF
Lot
0.9 ac (39,374 SF)
APN
3702-002-010-0116
UPID
US90-0597421
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
OFFICE BUILDING Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$3.5M
RESTAURANT
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (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
1982
Heating
NONE
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Kironikaia LLC
Entity
Mailing address
3111 CHEROKEE LN, MOUNT VERNON, WA 98273-3710
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2025
—
Kironikaia LLC
Christopher T Ellis
Quitclaim Deed
related
$2,000,000 · Savibank
Aug 7, 2025
—
Christopher T Ellis
Mary A Bourke
Special Warranty Deed
—
Jul 26, 2017
—
Denise Hoverson
Perl,harry L
Quit Claim Deed
related
—
Jul 26, 2017
$4,100,000
Denise Hoverson
Mount Vernon Ventures LLC
Warranty Deed
$2,325,000 · Skagit Bank
Dec 29, 2003
$1,375,000
Mount Vernon Ventures LLC
Key Bank NA
Grant Deed
$1,376,000 · Peoples Bank & Trust
—
—
Mount Vernon Ventures LLC
—
Deed Of Trust
related
$1,850,000 · Skagit State 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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