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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Retail space
609 1st St Mount Vernon, WA 98273-3810
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0118908
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1906
Total area
5,600 SF
Lot
0.06 ac (2,801 SF)
APN
3701-001-004-0000
UPID
US90-0118908
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
-
Pinecone Installation Services Hardware & Home Improvement Kitchen & Bath Showroom
-
609LLC Department Store
-
Riverline Cabinetry and Flooring Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$604k
Blend (final)
Blend
$645k
Owner & transaction history
Peggy J Randall · 8 yrs held
Peggy J Randall
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.0M
+12.9%
Office building
$950,000
+7.3%
Commercial (general)
$920,000
+3.9%
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%
$790,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
RETAIL STORES
$885,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,000,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$950,000
Change: +7% · Conversion: Easy
COMMERCIAL (GENERAL)
$920,000
Change: +4% · Conversion: Easy
INDUSTRIAL (GENERAL)
$795,000
Change: -10% · Conversion: Difficult
WAREHOUSE, STORAGE
$730,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$115 / 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
$8,195
Tax year 2023
Assessed value
$756,800
Assessed 2022
Previous assessed
$622,600
+21.6% YoY
Effective rate
1.08%
On assessed value
Assessed land
$75,600
Assessed improvement
$681,200
Land market value
$75,600
Improvement market value
$681,200
Total market value
$756,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1906
Heating
NONE
Stories
1
Total area
5,600 SF
Lot
0.06 ac (2,801 SF)
APN
3701-001-004-0000
UPID
US90-0118908
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
RETAIL STORES Current
Est. value
$885,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$920,000
INDUSTRIAL (GENERAL)
Est. value
$795,000
WAREHOUSE, STORAGE
Est. value
$730,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1906
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Peggy J Randall
Individual
Mailing address
609 S 1ST STA, MOUNT VERNON, WA 98273-3810
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2018
$325,000
Peggy J Randall
Brooks,barbera C
Warranty Deed
$325,000 · Eli Schwartz-gralla
Dec 6, 2016
$310,000
Barbera C Brooks
Savibank
Warranty Deed
—
Jul 11, 2016
$147,360
Savibank
Clark Laughlan H|camp,darrell R & Mary L
Trustees Deed
related
—
Dec 31, 2001
$325,000
Darrell Camp
Lkc Partnership
Grant Deed
$240,000 · Whidbey Island Bank
Sep 15, 1998
—
Lkc Partnership
Skagit Valley Properties INC
Quit Claim Deed
related
$207,750 · Frontier Bank
—
—
Darrell R Camp
—
Deed Of Trust
related
$300,000 · Northwest Hair Academy
—
—
Darrell R Camp
—
Deed Of Trust
related
$125,000 · Business Bank
—
—
Darrell Camp
—
Loan Modification
related
$50,000 · Business Bank
—
—
Darrell R Camp
—
Deed Of Trust
related
$100,000 · Business Bank
—
—
Darrell Camp
—
Deed Of Trust
related
$180,000 · Business Bank
—
—
Darrell E Camp
—
Deed Of Trust
related
$300,000 · Mount Vernon Beauty School INC
—
—
Darrell Camp
—
Deed Of Trust
related
$323,100 · Whidbey Island Bank
—
—
Darrell R Camp
—
Deed Of Trust
related
$143,000 · Evergreen Community Dev Assn
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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