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Property profile & analytics
OFF-MARKET
Estimated value
$2,940,000
Retail space
101 Main St Monroe, WA 98272-1519
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-3357235
Property summary
AI-generated overview
This exceptional mixed-use retail property, located at 101 E Main St in Monroe, Washington, 98272, offers 10,260 square feet of versatile commercial space. Currently, 4,059 square feet is available, divisible into units as small as 942 square feet, with a maximum contiguous space of 3,117 square feet. Situated in Snohomish County, this well-appointed building presents a fantastic opportunity for businesses seeking a prominent location in a thriving community. The property's attractive design and flexible lease terms make it an ideal choice for a variety of retail uses. Its central location on Main Street ensures high visibility and accessibility for customers. The building's multiple tenancy structure allows for a diverse range of businesses to coexist, creating a vibrant and dynamic commercial environment. This is a rare opportunity to secure prime retail space in a desirable location with excellent potential for growth and success. The property's size and layout offer considerable flexibility for businesses of various sizes and needs, making it a truly versatile and attractive investment. Contact us today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1995
Construction
TYPE NOT SPECIFIED
Total area
19,156 SF
Lot
0.39 ac (16,988 SF)
Zoning code
O0
APN
517401700100
UPID
US90-3357235
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
Current use
Occupant on record · Public records
-
Salon Maria Isabel Hair Salon
-
Fern and Fox Tattoo Tattoo & Piercing Shop
-
Wohlford Colleen M Alternative Medicine Practice Spa & Massage Center
-
Longacre Racing Products Inc Auto Parts Store (Bike/Boat/Book/etc) Store
-
Georgia A. Ide, LMP Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.94M
Owner & transaction history
Wedge 2 LLC · 19 yrs held
Wedge 2 LLC
since 2007
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
O0 · Monroe, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$153 / 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
$26,850
Tax year 2023
Assessed value
$3,605,800
Assessed 2023
Previous assessed
$3,244,000
+11.2% YoY
Effective rate
0.74%
On assessed value
Assessed land
$402,400
Assessed improvement
$3,203,400
Land market value
$402,400
Improvement market value
$3,203,400
Total market value
$3,605,800
Applied tax rate
530.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1995
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
2
Units
17
Rooms
17
Total area
19,156 SF
Lot
0.39 ac (16,988 SF)
Zoning code
O0
APN
517401700100
UPID
US90-3357235
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O0 · Monroe, WAZoning O0 · permitted uses
O0 · Monroe, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1995
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Units
17
Rooms
17
Lot
0.39 ac
Current owner
From public records · entity-resolved
Wedge 2 LLC
Entity
Mailing address
9500 FRNT ST S STE #200, LAKEWOOD, WA 98499-9415
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2007
$3,025,000
Wedge 2 LLC
Star I LLC
Warranty Deed
$2,640,000 · Rainier Pacific Bank
Jul 15, 2003
$2,200,000
Star I LLC
Monroe Town Center LLC
Grant Deed
$1,349,936 · Pacific Northwest Bank
Feb 12, 2001
$1,477,250
Monroe Towne Center LLC
British Group Washington Corp
Grant Deed
$1,100,000 · First Mutual Bank
Apr 2, 1998
—
British Group Washington Corp
—
Deed Of Trust
related
$1,200,000 · Hongkong Bank Of Canada
Dec 18, 1997
$1,300,000
British Group Washington Corp
Utterback,loretta S
Grant Deed
—
Nov 1, 1989
$190,000
Edwin M Utterback
Unknown
Grant Deed
$190,000 · Seller
—
—
Wedge 2 LLC
—
Deed Of Trust
related
$2,203,384 · Americas Cu
—
—
Star I LLC
—
Deed Of Trust
related
$1,540,000 · Peoples Bank & Trust
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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