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Property profile & analytics
FOR SALE
Office Spaces
720 W Division St Mount Vernon, WA 98273
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0612856
For Sale
Contact for pricing
720 W Division St, Mount Vernon, WA 98273
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1963
Total area
5,244 SF
Lot
0.17 ac (7,200 SF)
APN
3767-008-008-0002
UPID
US90-0612856
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
$585k
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$578k
Blend (final)
Blend
$605k
Owner & transaction history
Holy Ghost Revival Ministries · 1 yrs held
Holy Ghost Revival Ministries
since 2025
Last sale
$650,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$935,000
+8.7%
Office building
$890,000
+3.2%
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
$570,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
$820,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$860,000
Current use
APARTMENT HOUSE (5+ UNITS)
$935,000
Change: +9% · Conversion: Moderate
OFFICE BUILDING
$890,000
Change: +3% · Conversion: Easy
RETAIL STORES
$830,000
Change: -4% · Conversion: Easy
INDUSTRIAL (GENERAL)
$745,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $650k (Jun 30 2022)
Last sale anchor
$650k
Jun 30 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
$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
$5,981
Tax year 2023
Assessed value
$528,700
Assessed 2022
Previous assessed
$436,000
+21.3% YoY
Effective rate
1.13%
On assessed value
Assessed land
$142,600
Assessed improvement
$386,100
Land market value
$142,600
Improvement market value
$386,100
Total market value
$528,700
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 Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1963
Heating
NONE
Total area
5,244 SF
Lot
0.17 ac (7,200 SF)
APN
3767-008-008-0002
UPID
US90-0612856
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
COMMERCIAL (GENERAL) Current
Est. value
$860,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$935,000
OFFICE BUILDING
Est. value
$890,000
RETAIL STORES
Est. value
$830,000
INDUSTRIAL (GENERAL)
Est. value
$745,000
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
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
1963
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Holy Ghost Revival Ministries
Individual
Mailing address
2980 FAIR LADY LN, LAS CRUCES, NM 88005-4332
Ownership since
2025
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
Jul 11, 2025
—
Holy Ghost Revival Ministries
Jane Mack
Quitclaim Deed
related
—
Jun 30, 2022
$650,000
Jane Mack
Epyc Investments LLC
Warranty Deed
—
Nov 5, 2020
—
Epyc Investments LLC
—
Deed
related
$315,000 · Wadot Cap
Oct 18, 2016
$450,000
Epyc Investments LLC
Schultz,ronald G & Kathryn R
Warranty Deed
$400,000 · Ronald G & Kathryn R Schultz
—
—
Epyc Investments LLC
—
Deed Of Trust
related
$315,000 · Wadot Cap
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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