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Property profile & analytics
OFF-MARKET
Office buildings
113 Lewis St, Monroe, WA 98272-1501
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0910646
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1928
Construction
TYPE NOT SPECIFIED
Total area
1,372 SF
Lot
0.05 ac (2,178 SF)
Zoning code
O0
APN
517401701600
UPID
US90-0910646
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
-
Greg's Pickin Parlor Training Center Tutoring Service
-
Terry H Simon Law Offices Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
J&l Family Properties LLC · 2 yrs held
J&l Family Properties LLC
since 2024
Last sale
$225,000
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
—
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
$1,908
Tax year 2023
Assessed value
$255,000
Assessed 2023
Previous assessed
$223,000
+14.3% YoY
Effective rate
0.75%
On assessed value
Assessed land
$211,800
Assessed improvement
$43,200
Land market value
$211,800
Improvement market value
$43,200
Total market value
$255,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1928
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
1,372 SF
Lot
0.05 ac (2,178 SF)
Zoning code
O0
APN
517401701600
UPID
US90-0910646
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O0 · Monroe, WA
Zoning O0 · permitted uses
O0 · Monroe, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
J&l Family Properties LLC
Entity
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
$225,000
J&l Family Properties LLC
Central Puget Properties LLC
Warranty Deed
$200,000 · Central Puget Properties LLC
Nov 19, 2018
$281
Central Puget Properties LLC
Bennett,ron
Quit Claim Deed
related
—
Dec 23, 2014
—
Ron Bennett
Simon,terry H
Grant Deed
related
—
Sep 30, 2014
$145,000
Ron Bennett
Simon,terry H
Grant Deed
—
Sep 8, 2006
$35,000
Terry H Simon
Wilson-simon,diane L
Quit Claim Deed
related
$91,914 · Frontier Bank
Sep 1, 1991
$21,750
Terry H Simon
Unknown
Grant Deed
$22,837 · Security Pacific National Bank
—
—
Terry H Simon
—
Deed Of Trust
related
$40,000 · Ron Bennett
—
—
Terry H Simon
—
Deed Of Trust
related
$32,804 · Frontier Bank
—
—
Terry H Simon
—
Deed Of Trust
related
$39,294 · Frontier Bank
—
—
Terry H Simon
—
Deed Of Trust
related
$27,812 · Frontier Bank
—
—
Terry H Simon
—
Deed Of Trust
related
$25,000 · Frontier Bank
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.
Try Rey
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