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Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Office buildings
230 15th St Mount Vernon, WA 98274-4570
Entity Owned
17-yr Hold
Absentee Owner
Property ID
US90-3229545
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2008
Total area
6,265 SF
Lot
0.51 ac (22,216 SF)
APN
3734-000-005-0002
UPID
US90-3229545
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
$2.20M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.94M
Owner & transaction history
Cranberry 1 LLC · 17 yrs held
Cranberry 1 LLC
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,380,000
6.5%
$2,195,000
7%
$2,040,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,390,000
Current use
AUTO REPAIR, GARAGE
$1,510,000
Change: +9% · Conversion: Difficult
RESTAURANT
$1,320,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$1.94M
Range $1.74M – $2.13M · ±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
$309 / 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
$27,977
Tax year 2022
Assessed value
$2,386,600
Assessed 2021
Previous assessed
$2,386,600
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$539,800
Assessed improvement
$1,846,800
Land market value
$539,800
Improvement market value
$1,846,800
Total market value
$2,386,600
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
2008
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
2
Total area
6,265 SF
Lot
0.51 ac (22,216 SF)
APN
3734-000-005-0002
UPID
US90-3229545
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
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RESTAURANT
Est. value
$1.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
Cranberry 1 LLC
Entity
Mailing address
200 WESTERLY RD STE #102, BELLINGHAM, WA 98226-6467
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2020
—
Cranberry 1 LLC
—
Deed
related
$1,345,500 · Heritage Bk
Oct 31, 2008
—
Cranberry 1 LLC
—
Trustees Deed
related
$1,777,000 · Whidbey Island Bank
Jul 24, 2008
—
Cranberry 1 LLC
Cranberry 1 LLC
Quit Claim Deed
—
Nov 1, 2007
$370,969
Cranberry 1 LLC
Duffy,susan C
Warranty Deed
—
—
—
Susan C Duffy
—
Deed Of Trust
related
$123,600 · Washington Federal Savings
—
—
Cranberry 1 LLC
—
Deed Of Trust
related
$600,000 · Whidbey Island Bank
—
—
Cranberry 1 LLC
—
Deed Of Trust
related
$1,345,500 · 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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