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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Office buildings
221 219th S 13th St Mount Vernon, WA 98274
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1573674
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1963
Construction
CONCRETE
Total area
2,945 SF
Lot
0.23 ac (10,019 SF)
APN
3727-002-011-0009
UPID
US90-1573674
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
$915k
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$890k
Owner & transaction history
Svh Partners LLC · 3 yrs held
Svh Partners LLC
since 2023
Last sale
$864,889
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$710,000
+8.9%
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
$775,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
$1,120,000
6.5%
$1,035,000
7%
$960,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$650,000
Current use
AUTO REPAIR, GARAGE
$710,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $865k (Mar 16 2023)
Last sale anchor
$865k
Mar 16 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
$302 / 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
Assessed value
$445,700
Assessed 2021
Previous assessed
$445,700
+0.0% YoY
Assessed land
$237,500
Assessed improvement
$208,200
Land market value
$237,500
Improvement market value
$208,200
Total market value
$445,700
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
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
1963
Construction
CONCRETE
Heating
BASEBOARD
Stories
1
Bathrooms
3
Total area
2,945 SF
Lot
0.23 ac (10,019 SF)
APN
3727-002-011-0009
UPID
US90-1573674
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
$650,000
AUTO REPAIR, GARAGE
Est. value
$710,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1963
Construction
CONCRETE
Heating
BASEBOARD
Stories
1
Bathrooms
3
Lot
0.23 ac
Current owner
From public records · entity-resolved
Svh Partners LLC
Entity
Free & Clear · 3 yrs held
Mailing address
232 7TH AVE N, SEATTLE, WA 98109-5007
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
—
Svh Partners LLC
Svh Partners LLC
Intrafamily Transfer
related
—
Apr 28, 2022
$864,889
Svh Properties LLC
Optimum Properties LLC
Warranty Deed
—
Jun 1, 2010
—
Optimum Properties LLC
Nordco Group LLC
Warranty Deed
related
—
Oct 31, 2000
—
Nordco Group LLC
Cammock LLC
Quit Claim Deed
related
—
Sep 8, 1999
$250,131
Cammock LLC
Gearhart,bruce W
Grant Deed
$215,000 · Horizon Bank
Apr 20, 1999
—
Bruce W Gearhart
Ford,lurinda C
Quit Claim Deed
related
—
Apr 30, 1996
$165,000
Bruce W Gearhart
Zimmer,donald G & Linda
Grant Deed
$132,000 · Washington Mutual Fsb
—
—
Bruce W Gearhart
—
Deed Of Trust
related
$136,000 · Whidbey Island Bank
—
—
Optimum Properties LLC
—
Deed Of Trust
related
$250,000 · Peoples Bank & Trust
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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