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Property profile & analytics
FOR LEASE
Warehouses
3302 Cedardale Rd, Mount Vernon, WA 98274
Entity Owned
Free & Clear
Property ID
US90-1535888
For Lease
$1,350,000
3302 Cedardale Rd, Mount Vernon, WA 98274
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Total area
11,223 SF
Lot
12.6 ac (548,856 SF)
APN
4754-000-009-0000
UPID
US90-1535888
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
-
Sacar licencias en mannerno Government Office
-
Boys & Girls Clubs of Skagit County - Mission Support Center Child Welfare Organization Foster Care Service
-
Aspire Academy Mount Vernon School District School District Office
-
National Seating & Mobility Mobility Equipment Supplier Motor Scooter Dealer
-
Hoover Commercial Refrigeration Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$988k
Blend (final)
Blend
$1.35M
Owner & transaction history
Vb Acquisitions LLC
Vb Acquisitions LLC
since 2025
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.0M
+36.7%
Retail stores
$1.9M
+26.9%
Commercial (general)
$1.9M
+26.5%
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%
$1,920,000
6.5%
$1,770,000
7%
$1,645,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,465,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,005,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$1,860,000
Change: +27% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,855,000
Change: +26% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,595,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±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
$120 / 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
$102,799
Tax year 2022
Assessed value
$7,898,800
Assessed 2021
Previous assessed
$7,898,800
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$3,139,200
Assessed improvement
$4,759,600
Land market value
$3,139,200
Improvement market value
$4,759,600
Total market value
$7,898,800
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
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
For Lease
Year built
1994
Heating
NONE
Buildings
5
Stories
1
Total area
11,223 SF
Lot
12.6 ac (548,856 SF)
APN
4754-000-009-0000
UPID
US90-1535888
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
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1994
Heating
NONE
Stories
1
Buildings
5
Lot
12.6 ac
Current owner
From public records · entity-resolved
Vb Acquisitions LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 4307, ROCHE HARBOR, WA 98250-4307
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2025
—
Vb Acquisitions LLC
Seattle Smsa Limited Partnership
Deed
—
Jan 15, 2021
—
Skagit I-5 Business Park LLC
—
Deed
related
$500,000 · Savibank
Dec 6, 2005
—
Skagit I-5 Business Park LLC
Skagit I-5 Business Park
Quit Claim Deed
related
$3,200,000 · Farm Bureau Life Ins Michigan
Jun 30, 1997
—
Skagit I-5 Business Park LP
—
Grant Deed
related
$1,943,658 · Skagit State Bank
—
—
Skagit I-5 Business Park LLC
—
Deed Of Trust
related
$1,695,000 · James E & Ruth M Youngsman
—
—
Skagit I-5 Business Park LLC
—
Deed Of Trust
related
$500,000 · Savibank
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?”
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