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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Warehouses
2329 Market St, Mount Vernon, WA 98273-5450
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1707390
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1995
Total area
3,220 SF
Lot
1.36 ac (59,242 SF)
APN
8007-000-004-0003
UPID
US90-1707390
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
MotherShip-MailBox Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$430k
Comparable Approach
Comparable
$575k
Blend (final)
Blend
$510k
Owner & transaction history
Save On Storage LLC · 3 yrs held
Save On Storage LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$775,000
+84.5%
Office building
$545,000
+29.8%
Commercial (general)
$530,000
+25.8%
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
$530,000
CAP Approach
CAP Return
Estimation
6%
$465,000
6.5%
$430,000
7%
$400,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$420,000
Current use
AUTO REPAIR, GARAGE
$775,000
Change: +85% · Conversion: Easy
OFFICE BUILDING
$545,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$530,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$510,000
Change: +21% · Conversion: Moderate
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$158 / 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
$36,778
Tax year 2022
Assessed value
$2,777,700
Assessed 2021
Previous assessed
$2,777,700
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$376,800
Assessed improvement
$2,400,900
Land market value
$376,800
Improvement market value
$2,400,900
Total market value
$2,777,700
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
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Heating
NONE
Buildings
17
Stories
1
Total area
3,220 SF
Lot
1.36 ac (59,242 SF)
APN
8007-000-004-0003
UPID
US90-1707390
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
WAREHOUSE, STORAGE Current
Est. value
$420,000
AUTO REPAIR, GARAGE
Est. value
$775,000
OFFICE BUILDING
Est. value
$545,000
COMMERCIAL (GENERAL)
Est. value
$530,000
RETAIL STORES
Est. value
$510,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1995
Heating
NONE
Stories
1
Buildings
17
Lot
1.36 ac
Current owner
From public records · entity-resolved
Save On Storage LLC
Entity
Mailing address
2329 MARKET ST, MOUNT VERNON, WA 98273-5450
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2023
—
Save On Storage LLC
—
Deed
related
$9,600,000 · Mountain Pacific Bank
Dec 27, 2017
—
Save On Storage LLC
—
Grant Deed
related
$4,500,000 · Peoples Bk
May 25, 2004
—
O Save On Storage LP
—
Trustees Deed
related
$3,008,500 · Peoples Bank & Trust
Aug 9, 2001
—
Save On Storage LP
—
Trustees Deed
related
$369,900 · Peoples Bank & Trust
Mar 4, 1997
—
Sos Save On Storage LP
—
Deed Of Trust
related
$1,450,000 · First Mutual Savings Bank
—
—
Sos Save On Storage LP
—
Deed Of Trust
related
$143,252 · First Mutual Savings Bank
—
—
Sos Save On Storage LP
—
Deed Of Trust
related
$1,850,000 · First Mutual Savings 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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