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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Apartment buildings
309 Un St Mount Vernon, WA 98273-4341
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3327454
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Total area
6,850 SF
Lot
0.29 ac (12,632 SF)
APN
340420-0-117-0002
UPID
US90-3327454
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
$1.26M
CAP Approach
CAP
$700k
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.08M
Owner & transaction history
Union Apartment Holdings LLC · 5 yrs held
Union Apartment Holdings LLC
since 2021
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+35.0%
Restaurant
$1.4M
+17.9%
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
$1,350,000
ML approach
$1,255,000
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$700,000
7%
$650,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,225,000
Current use
AUTO REPAIR, GARAGE
$1,650,000
Change: +35% · Conversion: Difficult
RESTAURANT
$1,440,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$1,160,000
Change: -5% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,125,000
Change: -8% · Conversion: Moderate
RETAIL STORES
$1,085,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10% · vs last sale $1.05M (Jan 22 2021)
Last sale anchor
$1.05M
Jan 22 2021
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
$14,016
Tax year 2022
Assessed value
$1,136,800
Assessed 2021
Previous assessed
$1,136,800
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$473,600
Assessed improvement
$663,200
Land market value
$473,600
Improvement market value
$663,200
Total market value
$1,136,800
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1977
Heating
BASEBOARD
Buildings
2
Bathrooms
8
Total area
6,850 SF
Lot
0.29 ac (12,632 SF)
APN
340420-0-117-0002
UPID
US90-3327454
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RESTAURANT
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RESTAURANT
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
1977
Heating
BASEBOARD
Buildings
2
Bathrooms
8
Lot
0.29 ac
Current owner
From public records · entity-resolved
Union Apartment Holdings LLC
Entity
Mailing address
2716 85TH AVE NE, LAKE STEVENS, WA 98258-6498
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2021
$1,049,200
Union Apartment Holdings LLC
Union St LLC
Warranty Deed
$735,000 · Pacific Crest Savings Bank
May 1, 2018
$758,800
Union St LLC
Hoke,duncan
Warranty Deed
$760,000 · Tryg & Barbara Fortun
Jun 3, 2005
$421,750
Duncan Hoke
Lund,john & Brenda L
Warranty Deed
$327,231 · Frontier Bank
Oct 29, 1999
$111,884
John Lund
Tronsdal,curtis & Deanne
Quit Claim Deed
related
$262,500 · First Mutual Savings Bank
—
—
John Lund
—
Deed Of Trust
related
$15,000 · William E & Kitty L Sperry
—
—
Duncan Hoke
—
Deed Of Trust
related
$419,323 · Frontier Bank
—
—
Duncan Hoke
—
Deed Of Trust
related
$323,139 · Heritage Bank
—
—
Duncan Hoke
—
Deed Of Trust
related
$100,138 · Frontier 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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