Financial
Distress signals
Property profile

407 Pine St Mount Vernon, WA 98273

FOR LEASE
Retail space
Property ID
US90-1830168
1,800 SF 0.05 ac lot Built 1993
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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407 Pine St, Mount Vernon, WA 98273 For Lease
Contact for pricing 5,700 SF available
407 Pine St, Mount Vernon, WA 98273
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Property summary

AI-generated overview

A 5,700 sq. ft. ground-floor office suite located in a corner building at the intersection of S. 1st St. and Pine St. in downtown Mount Vernon. The suite provides secured access and includes multiple interior spaces, including a large employee break room and a dedicated conference room. The space was upgraded in 2020 and is configured to support office use within the downtown corridor.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$3k
Tax billed · 2022
Assessed value · 2021$270k
Assessed land$102k
Assessed improvement$169k
Effective rate1.23%

Value estimate

· Sep 2026
$310k
$279k – $341k
AI approach$310k
NOI build-up
Gross scheduled income$205k
Vacancy & credit loss−$42k
Operating expenses−$41k
NOI · 869,921.43% cap applied$122k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$158/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$83 – $231
Qualifying comparables7

Cap rate analysis

How does the asset earn?
869,921.43%
$122k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSKAGIT

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.2
Storage Facility12.7
HVAC Service12.5

Location

407 Pine St Mount Vernon, WA 98273
County assessor Recorded deeds · not on file 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
613 Division, Mount Vernon, WA 98273-3219 $200,000 Feb 2023 1,400 SF
405 1st, Mount Vernon, WA 98273-3806 $203,000 Sep 2022 2,130 SF
915 Mclean, Mount Vernon, WA 98273-3245 $186,725 Aug 2021 1,352 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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