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Financial
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Property profile

916 Division St Mount Vernon, WA 98273

FOR SALE
Retail properties & Spaces
Property ID
US90-1510461
28,000 SF 0.14 ac lot Built 2016
Last sale May 1998
Individually Owned Owner of record is an individual. 28-yr Hold Held for 28 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 916 W Division St in Mount Vernon, WA, presents a compelling investment opportunity. Built in 2016, the 28,000 square foot building sits on a 15,767 square foot lot and boasts a modern design. Currently housing a thriving furniture business established in 1947, the property offers significant potential for expansion and diversification. The building's two stories provide ample space for various uses, and its C-2 zoning allows for a wide range of…

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?
$41k
Tax billed · 2022
Assessed value · 2021$3.19M
Assessed land$65k
Assessed improvement$3.12M
Effective rate1.29%

Value estimate

· Oct 2026
$3.44M
$3.09M – $3.78M
CAP approach$3.64M
Submarket $/SF estimate$4.13M
NOI build-up
Gross scheduled income$343k
Vacancy & credit loss−$5k
Operating expenses−$101k
NOI · 9.48% cap applied$236k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
9.48%
$236k 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 agency10.6
Daycare Center9.3
Computer & Electronic Repair9.1

Location

916 Division St Mount Vernon, WA 98273
County assessor Recorded deeds · 10 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1101 Division, Mount Vernon, WA 98273-3229 $1,300,000 Nov 2024 16,021 SF
1930 Market, Mount Vernon, WA 98273-5402 $1,170,000 Dec 2023 6,000 SF
1717 Fwy, Mount Vernon, WA 98273-5440 $16,991,453 Jul 2023 117,298 SF
820 Cleveland, Mount Vernon, WA 98273-4234 $1,450,000 Jun 2023 12,390 SF
800 Division, Mount Vernon, WA 98273-3224 $430,000 Jun 2022 7,358 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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