Financial
Distress signals
Property profile

223 S Lewis St Monroe, WA 98272

FOR LEASE
Retail space
Property ID
US90-0840156
4,800 SF 0.15 ac lot Built 1905
Last sale Mar 2021 · $878,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
223 S Lewis St, Monroe, WA 98272 For Lease
Contact for pricing 2,400 SF available
223 S Lewis St, Monroe, WA 98272
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Property summary

AI-generated overview

The property is a 4,800-square-foot mixed-use building in Monroe, zoned Monroe DC (Commercial). It contains two 2,400-square-foot levels: the first floor is configured as retail space and the second floor as office space. In addition, the building includes a 1,000-square-foot garage space and two attached storage units totaling 339 square feet. The site provides parking in front of the building in an adjacent vacant lot and includes two spaces next to the garage. The property is positioned near

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$731k
Assessed land$260k
Assessed improvement$471k
Effective rate0.74%

Value estimate

· Sep 2026
$1.02M
$918k – $1.12M
AI approach$1.04M
CAP approach$1.04M
Submarket $/SF estimate$1.08M
NOI build-up
Gross scheduled income$66k
Vacancy & credit loss−$9k
Operating expenses−$14k
NOI · 267,168.75% cap applied$43k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$291/SF
County average, outlier-cleaned · 234 recorded sales of this use type
Observed band · Q1–Q3$150 – $489
Qualifying comparables4

Cap rate analysis

How does the asset earn?
267,168.75%
$43k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DC
The purpose of the downtown commercial zone is to integrate civic, commercial, entertainment, cultural, and residential uses and increase...
General categoryCIVIC_INSTITUTIONAL
JurisdictionSNOHOMISH

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.0
Storage Facility9.7
Carpet & Flooring Store8.9

Location

223 S Lewis St Monroe, WA 98272
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog

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 · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
14655 Fryelands SE, Monroe, WA 98272-2946 $33,500,000 Feb 2025 8,700 SF
14711 Fryelands SE, Monroe, WA 98272-2949 $33,500,000 Feb 2025 8,700 SF
207 Lewis, Monroe, WA 98272-1503 $955,000 Aug 2024 4,335 SF
124 Main, Monroe, WA 98272-1506 $253,000 Oct 2021 2,475 SF
200 Main, Monroe, WA 98272-1508 $1,925,000 Sep 2021 3,938 SF
304 Main, Monroe, WA 98272-1509 $838,000 Jun 2020 4,400 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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