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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Apartment buildings
405 4th St Mount Vernon, WA 98273-2847
Entity Owned
2-yr Hold
Property ID
US90-3088127
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1914
Total area
3,784 SF
Lot
0.16 ac (6,970 SF)
APN
340419-0-249-0006
UPID
US90-3088127
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
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$707k
Blend (final)
Blend
$815k
Owner & transaction history
Hillcrest Apartments Mtv LLC · 2 yrs held
Hillcrest Apartments Mtv LLC
since 2023
Last sale
$875,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$915,000
+35.0%
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
$785,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$675,000
Current use
AUTO REPAIR, GARAGE
$915,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$640,000
Change: -5% · Conversion: Moderate
COMMERCIAL (GENERAL)
$620,000
Change: -8% · Conversion: Moderate
RETAIL STORES
$600,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $875k (Dec 19 2023)
Last sale anchor
$875k
Dec 19 2023
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
$215 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,644
Tax year 2023
Assessed value
$738,100
Assessed 2022
Previous assessed
$738,100
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$390,300
Assessed improvement
$347,800
Land market value
$390,300
Improvement market value
$347,800
Total market value
$738,100
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
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
1914
Heating
BASEBOARD
Bathrooms
4
Total area
3,784 SF
Lot
0.16 ac (6,970 SF)
APN
340419-0-249-0006
UPID
US90-3088127
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
$675,000
AUTO REPAIR, GARAGE
Est. value
$915,000
OFFICE BUILDING
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$620,000
RETAIL STORES
Est. value
$600,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
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
1914
Heating
BASEBOARD
Bathrooms
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Hillcrest Apartments Mtv LLC
Entity
Mailing address
3225 MCLEOD DR #100, LAS VEGAS, NV 89121-2257
Ownership since
2023
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
Dec 19, 2023
$875,000
Hillcrest Apartments Mtv LLC
Oso Nuevo LLC
Warranty Deed
$700,000 · North Coast Cu
Jun 10, 2019
$660,000
Oso Nuevo LLC
Wombat Properties LLC
Warranty Deed
—
Nov 21, 2008
—
Wombat Properties LLC
Hughes,vince & Cheryl F
Quit Claim Deed
related
—
Jun 7, 2005
$325,000
Kurt F Pohl
Moloney,keiran & Liliane
Warranty Deed
$260,000 · First Mutual Bank
—
—
Oso Nuevo LLC
—
Deed Of Trust
related
$100,000 · Whatcom Educational Cu
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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