New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,400,000
Grocery and convenience stores
315 College Way, Mount Vernon, WA 98273-5431
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US90-1489529
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Total area
60,783 SF
Lot
4.99 ac (217,364 SF)
APN
8005-000-001-0000
UPID
US90-1489529
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
-
Primo Water Refill Big Box & Wholesale Store
-
Coinstar Kiosk | Bitcoin ATM Kiosk Atm
-
Quest Diagnostics Medical Clinic
-
Volta Charging Station Electric Vehicle Charging Station
-
TNT Fireworks Discount Store Party Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.90M
Comparable Approach
Comparable
$8.85M
Blend (final)
Blend
$7.40M
Owner & transaction history
Safeway Realty LLC
Safeway Realty LLC
since 2025
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.9M
+12.9%
Office building
$10.3M
+7.3%
Commercial (general)
$10.0M
+3.9%
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%
$8,555,000
6.5%
$7,895,000
7%
$7,330,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,615,000
Current use
APARTMENT HOUSE (5+ UNITS)
$10,860,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$10,315,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,990,000
Change: +4% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,650,000
Change: -10% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,945,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$7.40M
Range $6.66M – $8.14M · ±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
$122 / 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
$90,421
Tax year 2022
Assessed value
$6,829,800
Assessed 2021
Previous assessed
$6,829,800
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$2,284,300
Assessed improvement
$4,545,500
Land market value
$2,284,300
Improvement market value
$4,545,500
Total market value
$6,829,800
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1995
Heating
NONE
Stories
1
Total area
60,783 SF
Lot
4.99 ac (217,364 SF)
APN
8005-000-001-0000
UPID
US90-1489529
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
RETAIL STORES Current
Est. value
$9.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.9M
OFFICE BUILDING
Est. value
$10.3M
COMMERCIAL (GENERAL)
Est. value
$10.0M
INDUSTRIAL (GENERAL)
Est. value
$8.7M
WAREHOUSE, STORAGE
Est. value
$7.9M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
Lot
4.99 ac
Current owner
From public records · entity-resolved
Safeway Realty LLC
Entity
Mailing address
250 E PARKCENTER BLVD, BOISE, ID 83706-3940
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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 8, 2025
—
Safeway Realty LLC
Aci Real Estate Spe 136 LLC
Special Warranty Deed
—
Jul 24, 2020
—
Aci Real Estate Spe 136 LLC
Safeway INC
Grant Deed
—
Jan 2, 2018
—
Safeway INC
—
Loan Modification
related
—
—
—
Safeway INC
—
Deed Of Trust
related
—
—
—
Safeway INC
—
Deed Of Trust
related
$1,145,000 · Wilmington Trust (ct)
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 315 College Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
