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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Warehouses
3004 Old Hwy 99th S Rd, Mount Vernon, WA 98273-9037
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0807195
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
WOOD FRAME
Total area
6,000 SF
Lot
0.42 ac (18,295 SF)
APN
340432-2-016-0006
UPID
US90-0807195
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
$945k
Comparable Approach
Comparable
$505k
Blend (final)
Blend
$700k
Owner & transaction history
South 99 Business Center LLC · 20 yrs held
South 99 Business Center LLC
since 2006
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+36.7%
Office building
$1.0M
+29.8%
Commercial (general)
$985,000
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,025,000
6.5%
$945,000
7%
$880,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$785,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,070,000
Change: +37% · Conversion: Difficult
OFFICE BUILDING
$1,020,000
Change: +30% · Conversion: Difficult
COMMERCIAL (GENERAL)
$985,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$950,000
Change: +21% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$855,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$117 / 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
$8,715
Tax year 2022
Assessed value
$700,800
Assessed 2021
Previous assessed
$700,800
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$187,500
Assessed improvement
$513,300
Land market value
$187,500
Improvement market value
$513,300
Total market value
$700,800
Applied tax rate
934.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
WOOD FRAME
Heating
BASEBOARD
Buildings
2
Stories
2
Bathrooms
2
Total area
6,000 SF
Lot
0.42 ac (18,295 SF)
APN
340432-2-016-0006
UPID
US90-0807195
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
$785,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$985,000
RETAIL STORES
Est. value
$950,000
INDUSTRIAL (GENERAL)
Est. value
$855,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2006
Construction
WOOD FRAME
Heating
BASEBOARD
Stories
2
Buildings
2
Bathrooms
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
South 99 Business Center LLC
Entity
Mailing address
3010 OLD HWY 99TH S RD, MOUNT VERNON, WA 98273-9037
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2006
—
South 99 Business Center LLC
—
Trustees Deed
related
$464,000 · Whidbey Island Bank
Mar 3, 2006
—
South 99 Business Center LLC
Dahl,william G & Sonya E
Quit Claim Deed
related
—
Jun 16, 1997
$70,000
William G Dahl
Justice,pual & Claudette
Grant Deed
$35,000 · Seller
—
—
South 99 Business Center LLC
—
Deed Of Trust
related
$351,000 · Us Bank NA
—
—
Paul Justice
—
Deed Of Trust
related
$19,046 · Commercial Credit Corp
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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