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Property profile & analytics
OFF-MARKET
Estimated value
$4,340,000
Medical Office Space
Mount Vernon, WA 98274
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2095300
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
32,736 SF
Lot
0.41 ac (17,772 SF)
APN
3709-001-002-0100
UPID
US90-2095300
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
by Request
CAP Approach
CAP
$3.65M
Comparable Approach
Comparable
$5.03M
Blend (final)
Blend
$4.34M
Owner & transaction history
Valley R Skagit · 19 yrs held
Valley R Skagit
since 2007
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.0M
+70.2%
Commercial (general)
$4.9M
+40.2%
Restaurant
$4.9M
+39.2%
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 Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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%
$3,950,000
6.5%
$3,645,000
7%
$3,385,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,530,000
Current use
OFFICE BUILDING
$6,005,000
Change: +70% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,945,000
Change: +40% · Conversion: Easy
RESTAURANT
$4,910,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,970,000
Change: +13% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,750,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$3,245,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$4.34M
Range $3.91M – $4.77M · ±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
$133 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$12,707,000
Assessed 2021
Previous assessed
$12,707,000
+0.0% YoY
Assessed land
$455,700
Assessed improvement
$12,251,300
Land market value
$455,700
Improvement market value
$12,251,300
Total market value
$12,707,000
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
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
32,736 SF
Lot
0.41 ac (17,772 SF)
APN
3709-001-002-0100
UPID
US90-2095300
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
MEDICAL BUILDING Current
Est. value
$3.5M
OFFICE BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$4.9M
RESTAURANT
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
RETAIL STORES
Est. value
$3.2M
MEDICAL BUILDING Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2008
Heating
NONE
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Valley R Skagit
Individual
Mailing address
4419 KIOWA DR, MOUNT VERNON, WA 98273-8904
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2021
—
Skagit Valley Real Estate Partnersh
—
Deed
related
$10,300,502 · Peoples Bank
Apr 1, 2021
—
Skagit Valley Real Estate Prtnrshp
—
Deed
related
$10,300,502 · Peoples Bank
Feb 13, 2007
—
Valley R Skagit
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Valley R Skagit
—
Deed Of Trust
related
$25,000 · J P Morgan Chase Bank
—
—
Skagit Valley R/e Ptshp LLP
—
Deed Of Trust
related
$7,600,000 · Washington Mutual Fsb
—
—
Skagit Valley R/e Ptshp LLP
—
Deed Of Trust
related
$6,200,000 · Washington Mutual Fsb
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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