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Financial
Distress signals
Property profile

221 S 1St St Mount Vernon, WA 98273

FOR LEASE
Theaters & concert halls
Property ID
US90-0760664
4,600 SF 0.11 ac lot Built 1932
Last sale Aug 2024 · $620,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 3,000-square-foot retail space is located in downtown Mount Vernon on a high-visibility corner at the intersection of 1st St and SR 536 (Division), directly across from the Skagit Valley Food Co-Op. The premises are situated within a downtown commercial block and are co-tenanted with Makers Pharmacy. The space was remodeled in 2018 and includes a lighting package with accent window lighting, a security system with cameras and an alarm, expanded electrical outlets, wall-to-wall display…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$4k
Tax billed · 2024
Assessed value · 2023$410k
Assessed land$96k
Assessed improvement$314k
Effective rate1.07%

Value estimate

· Oct 2026
$620k
$558k – $682k
AI approach$620k
NOI build-up
Gross scheduled income$37k
Vacancy & credit loss−$532
Operating expenses−$11k
NOI · 1,013.24% cap applied$25k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
1,013.24%
$25k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSKAGIT

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.2
Wholesale Shop12.8
HVAC Service12.5

Location

221 S 1St St Mount Vernon, WA 98273
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
300 Vly Mall, Mount Vernon, WA 98273-2482 $2,000,000 Nov 2022 21,250 SF
615 2nd, Mount Vernon, WA 98273-3820 $125,000 Mar 2022 840 SF
1604 Riverside, Mount Vernon, WA 98273 $912,000 Mar 2021 No data
Vernon, WA 98273 $883,000 Dec 2018 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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