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Property profile & analytics
OFF-MARKET
Estimated value
$8,295,000
Motels
2300 Market St Mount Vernon, WA 98273-5449
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0907486
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1985
Total area
72,000 SF
Lot
4.82 ac (209,959 SF)
APN
340418-1-001-0300
UPID
US90-0907486
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
-
Wingate by Wyndham Mount Vernon Hotel & Motel
-
Samath Moul Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.07M
CAP Approach
CAP
$7.50M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.30M
Owner & transaction history
Vaj Suglani INC · 3 yrs held
Vaj Suglani INC
since 2023
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.8M
+113.8%
Office building
$9.3M
+84.2%
Industrial (general)
$8.7M
+72.3%
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
$7,720,000
ML approach
$9,065,000
CAP Approach
CAP Return
Estimation
6%
$8,125,000
6.5%
$7,500,000
7%
$6,960,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,055,000
Current use
RESTAURANT
$10,810,000
Change: +114% · Conversion: Difficult
OFFICE BUILDING
$9,315,000
Change: +84% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,710,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,495,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,945,000
Change: +57% · Conversion: Difficult
MEDICAL BUILDING
$7,760,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$7,010,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$8.30M
Range $7.47M – $9.12M · ±10% · vs last sale $8.60M (May 12 2023)
Last sale anchor
$8.60M
May 12 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
$115 / 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
$89,748
Tax year 2022
Assessed value
$6,778,900
Assessed 2021
Previous assessed
$6,778,900
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,732,200
Assessed improvement
$5,046,700
Land market value
$1,732,200
Improvement market value
$5,046,700
Total market value
$6,778,900
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1985
Heating
NONE
Stories
1
Total area
72,000 SF
Lot
4.82 ac (209,959 SF)
APN
340418-1-001-0300
UPID
US90-0907486
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
HOTEL/MOTEL Current
Est. value
$5.1M
RESTAURANT
Est. value
$10.8M
OFFICE BUILDING
Est. value
$9.3M
INDUSTRIAL (GENERAL)
Est. value
$8.7M
COMMERCIAL (GENERAL)
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.8M
RETAIL STORES
Est. value
$7.0M
HOTEL/MOTEL Current
RESTAURANT
OFFICE BUILDING
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1985
Heating
NONE
Stories
1
Lot
4.82 ac
Current owner
From public records · entity-resolved
Vaj Suglani INC
Entity
Mailing address
2300 MARKET ST, CONCRETE, WA 98237
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2024
—
Vaj Suglani INC
—
Deed
related
$3,588,105 · Veristone Fund I LLC
May 12, 2023
$8,600,000
Vaj Suglani INC
Kaelee Corporation
Warranty Deed
$8,000,000 · Symetra Life Insurance Co
Oct 1, 2015
$10,000,000
Kaelee Corp
Bwmt LLC
Warranty Deed
$5,250,000 · Bbcn Bk
Aug 13, 2013
—
Bwmt LLC
Cottontree Partners LP
Grant Deed
related
—
Jun 27, 2013
$7,540,000
Bwmt LLC
Cottontree Partners LP
Warranty Deed
$6,676,000 · Unibank
Sep 25, 2000
—
Mount Vernon City (wa)
Cottontree Partners LP
Grant Deed
related
—
Jul 12, 2000
—
Mount Vernon City (wa)
Cotontree Partners LP
Grant Deed
related
—
—
—
Bwmt LLC
—
Deed Of Trust
related
$200,000 · Unibank
—
—
Kaelee Corp
—
Deed Of Trust
related
$3,237,000 · Evergreen Busn Cap
—
—
Cottontree Partners LP
—
Deed Of Trust
related
$10,500,000 · Zions First National 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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