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Financial
Distress signals
Property profile

525 E College Way Mount Vernon, WA 98273

FOR LEASE
Theaters & concert halls
Property ID
US90-0594893
88,455 SF 8.12 ac lot Built 1977
Last sale May 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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525 E College Way, Mount Vernon, WA 98273 For Lease
Contact for pricing 2,284 SF available
525 E College Way, Mount Vernon, WA 98273
View Listing

Property summary

AI-generated overview

A retail space located along Highway 538 (East College Way) in Mount Vernon’s commercial core, positioned for high vehicular visibility and access with lighted intersections and ample parking. The area is near major national and regional retailers, and Skagit Valley College is approximately one mile east of the property. The available retail space comprises 2,284 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$106k
Tax billed · 2022
Assessed value · 2021$8.02M
Assessed land$3.50M
Assessed improvement$4.52M
Effective rate1.32%

Value estimate

· Oct 2026
$3.24M
$2.92M – $3.56M
NOI build-up
Gross scheduled income$28k
Vacancy & credit loss−$405
Operating expenses−$8k
NOI · 107,144.44% cap applied$19k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
107,144.44%
$19k 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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.0
Parking Facility12.6
Kitchen & Bath12.1

Location

525 E College Way Mount Vernon, WA 98273
County assessor Recorded deeds · 13 transfers Qualifying comp sales · not on file 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
221 1st St, Mount Vernon, WA 98273-3802 $620,000 Oct 2024 No data
300 Vly Mall, Mount Vernon, WA 98273-2482 $2,000,000 Nov 2022 21,250 SF
615 2nd, Mount Vernon, WA 98273-3820 $125,000 Mar 2022 840 SF
1604 Riverside, Mount Vernon, WA 98273 $912,000 Mar 2021 No data
Vernon, WA 98273 $883,000 Dec 2018 No data
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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