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OFF-MARKET
Mixed-use properties

0 Tjerne Pl Monroe, WA 98272

11.04 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 11.04-acre development site in Monroe, Washington, presents a unique opportunity for mixed-use construction. Located in a well-established commercial district with convenient access to US Highway 2, this property offers significant potential for both commercial and residential development. A new mixed-use overlay allows for the construction of a five-story building, maximizing development density and return on investment. A conceptual site plan illustrates the potential for a substantial development, encompassing approximately 231,195 square feet of mixed-use space and 54,022 square feet of retail space. The site's strategic location within the North Kelsey area, a sector identified by the city for future commercial growth, ensures strong future prospects. The city's recent revision of development plans for Tjerne Place further underscores its commitment to supporting new construction in this area. This property offers flexibility, with the ability to be sold as a whole or divided into smaller parcels to suit individual development needs. This is a rare opportunity to acquire a large, strategically located parcel in a thriving Washington community, ready for immediate development. The property is zoned for mixed-use development and offers direct access to US Highway 2, providing excellent visibility and accessibility. This prime location offers unparalleled potential for a variety of development projects, from residential apartments to commercial retail spaces. Don't miss this chance to capitalize on this exceptional development opportunity.

Property profile
Verified
Property type Mixed-use properties
Lot 11.04 ac (480,902 SF)
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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