Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Office buildings
425 Commercial St Mount Vernon, WA 98273-5560
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1204745
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2004
Total area
12,051 SF
Lot
0.77 ac (33,541 SF)
APN
8045-000-002-0000
UPID
US90-1204745
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
-
Journey Mobile Notary Law Firm
-
Ed Finlan Group-Keller Williams Realty Real Estate Agency
-
Ericka Catubo, Keller Williams Western Realty Real Estate Agency
-
Greg Wilhonen - The Wilhonen Group with Keller Williams Western Realty Real Estate Agency
-
Marla and Company - Homes for Heroes Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.06M
Owner & transaction history
Jeremy J Jules · 4 yrs held
Jeremy J Jules
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$955,000
ML approach
$1,095,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,715,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10% · vs last sale $1.09M (Jun 3 2022)
Last sale anchor
$1.09M
Jun 3 2022
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
$88 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$34,694
Tax year 2024
Assessed value
$3,006,300
Assessed 2023
Previous assessed
$2,590,800
+16.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$661,500
Assessed improvement
$2,344,800
Land market value
$661,500
Improvement market value
$2,344,800
Total market value
$3,006,300
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Total area
12,051 SF
Lot
0.77 ac (33,541 SF)
APN
8045-000-002-0000
UPID
US90-1204745
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
INDUSTRIAL (GENERAL)
Est. value
$1.7M
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
2004
Heating
NONE
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Jeremy J Jules
Individual
Mailing address
2211 RIMLAND DR STE #124, BELLINGHAM, WA 98226-8654
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2022
$485,000
Jeremy J Jules
David Ripley
Warranty Deed
$468,813 · Homebridge Mortgage Bankers Corp
Jun 3, 2022
$1,094,725
Erin Kohlhaas
Timothy Dickinson
Warranty Deed
$647,201 · Bay Equity LLC
Nov 30, 2021
$330,000
Honorio Valdovinos Marin
Jesus Magana
Warranty Deed
$264,000 · Umpqua Bank
Jun 10, 2021
$741,500
Roger J Holeman
Daniel Adams
Warranty Deed
$547,500 · Umpqua Bank
Sep 18, 2013
$1,023,000
Frontier Bk
Rainier Foreclosure Svcs
Trustees Deed
related
—
—
—
Grandview North LLC
—
Deed Of Trust
related
$540,000 · Coastal Community Bank
—
—
Grandview North LLC
—
Deed Of Trust
related
$1,350,000 · Northstar Bank
—
—
Grandview North LLC
—
Deed Of Trust
related
$1,545,000 · Northstar 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.
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 425 Commercial St?
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.
