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Property profile & analytics
OFF-MARKET
Estimated value
$1,750,000
Office buildings
2204 Riverside Dr Mount Vernon, WA 98273-5446
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0860590
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1993
Total area
10,528 SF
Lot
0.64 ac (28,057 SF)
APN
340417-0-190-0100
UPID
US90-0860590
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
-
Danielle Baird Russell - John L. Scott Skagit Real Estate Agency
-
Rodney Helgeson, John L. Scott Skagit Real Estate Agency
-
Kelli Bryson - John L Scott Realtor Real Estate Agency
-
Theresa Sundance - CMG Home Loans Loan Service Bank
-
David Ell - CMG Home Loans Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.75M
Owner & transaction history
Michael P Aiken · 5 yrs held
Michael P Aiken
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.5M
+42.1%
Restaurant
$2.2M
+24.1%
Apartment house (5+ units)
$1.9M
+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
$1,785,000
Current use
AUTO REPAIR, GARAGE
$2,540,000
Change: +42% · Conversion: Difficult
RESTAURANT
$2,215,000
Change: +24% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,880,000
Change: +5% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,730,000
Change: -3% · Conversion: Easy
RETAIL STORES
$1,665,000
Change: -7% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,500,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.75M
Range $1.58M – $1.93M · ±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
$166 / 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
$20,763
Tax year 2022
Assessed value
$1,568,000
Assessed 2021
Previous assessed
$1,568,000
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$561,100
Assessed improvement
$1,006,900
Land market value
$561,100
Improvement market value
$1,006,900
Total market value
$1,568,000
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
1993
Heating
NONE
Stories
1
Total area
10,528 SF
Lot
0.64 ac (28,057 SF)
APN
340417-0-190-0100
UPID
US90-0860590
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
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RESTAURANT
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
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
1993
Heating
NONE
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Michael P Aiken
Individual
Mailing address
PO BOX 229, ACME, WA 98220-0229
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Nov 10, 2020
—
Michael P Aiken
Michael P Aiken
Quit Claim Deed
related
—
May 24, 2019
—
Michael P Aiken
—
Deed
related
$499,500 · Heritage Bk
Mar 6, 2018
—
Michael P Aiken
—
Deed
related
$372,000 · Heritage Bk
—
—
Michael P Aiken
—
Deed Of Trust
related
$499,500 · Heritage Bk
—
—
Michael P Aiken
—
Deed Of Trust
related
$477,000 · Whidbey Island Bank
—
—
Michael P Aiken
—
Deed Of Trust
related
$372,000 · Heritage Bk
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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