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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
321 Division St Mount Vernon, WA 98274-3922
Individually Owned
Property ID
US90-3140226
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1900
Construction
CONCRETE
Total area
2,354 SF
Lot
0.14 ac (6,011 SF)
APN
3763-018-012-0009
UPID
US90-3140226
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
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$360k
Blend (final)
Blend
$530k
Owner & transaction history
Andi L Hillman
Andi L Hillman
since 2025
Last sale
$525,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$570,000
+8.9%
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
$615,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$520,000
Current use
AUTO REPAIR, GARAGE
$570,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $525k (Oct 20 2020)
Last sale anchor
$525k
Oct 20 2020
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
$225 / 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
$4,179
Tax year 2022
Assessed value
$356,100
Assessed 2021
Previous assessed
$356,100
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$142,800
Assessed improvement
$213,300
Land market value
$142,800
Improvement market value
$213,300
Total market value
$356,100
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
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1900
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
4
Total area
2,354 SF
Lot
0.14 ac (6,011 SF)
APN
3763-018-012-0009
UPID
US90-3140226
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
OFFICE BUILDING Current
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$570,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1900
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Andi L Hillman
Individual
Mailing address
321 E DIVISION ST, MOUNT VERNON, WA 98274-3922
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2025
—
Andi L Hillman
Gilliane Kayle Grayye
Deed
—
Oct 20, 2020
$525,000
Gilliane K Grayye
Suneil Polley
Warranty Deed
$393,000 · Peoples Bank
Oct 21, 2005
$245,000
John A Cifala II
Adams,carol J
Warranty Deed
$196,000 · Mortgageit INC
Jan 14, 1999
$131,000
Carol J Adams
Skidmore,paul & Melinda G
Grant Deed
$129,487 · Norwest Mortgage INC
—
—
Carol J Adams
—
Deed Of Trust
related
$16,900 · Citifinancial INC
—
—
Carol J Adams
—
Deed Of Trust
related
$90,000 · North Coast Cu
—
—
John A Cifala II
—
Deed Of Trust
related
$356,772 · Wells Fargo Bank
—
—
Paul Skidmore
—
Deed Of Trust
related
$85,000 · Washington Mutual Fsb
—
—
John A Cifala II
—
Deed Of Trust
related
$362,123 · Wells Fargo 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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