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Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Automotive properties
1175 Vlg Way Monroe, WA 98272-2029
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-2401942
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1996
Total area
24,905 SF
Lot
3.05 ac (132,858 SF)
Zoning code
LI
APN
776300003100
UPID
US90-2401942
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
-
Open Road RV - Monroe Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.94M
Owner & transaction history
Triple Down LLC · 10 yrs held
Triple Down LLC
since 2016
7 recorded transactions
Zoning & alternative use
LI · Monroe, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the light industrial zoning district is to provide an area for manufacturing, processing, wholesaling, warehousing, distribution, and other similar activities that either do not result in any environmental impacts or produce minimal environmental impacts that can be easily mitigated.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
194.09 ac
Source
Realmo
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
$78 / 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
$39,448
Tax year 2023
Assessed value
$5,044,000
Assessed 2023
Previous assessed
$4,855,000
+3.9% YoY
Effective rate
0.78%
On assessed value
Assessed land
$1,803,700
Assessed improvement
$3,240,300
Land market value
$1,803,700
Improvement market value
$3,240,300
Total market value
$5,044,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1996
Heating
YES
Cooling
NONE
Stories
2
Total area
24,905 SF
Lot
3.05 ac (132,858 SF)
Zoning code
LI
APN
776300003100
UPID
US90-2401942
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LI · Monroe, WAZoning LI · permitted uses
LI · Monroe, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the light industrial zoning district is to provide an area for manufacturing, processing, wholesaling, warehousing, distribution, and other similar activities that either do not result in any environmental impacts or produce minimal environmental impacts that can be easily mitigated.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
194.09 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1996
Heating
YES
Cooling
Yes
Stories
2
Lot
3.05 ac
Current owner
From public records · entity-resolved
Triple Down LLC
Entity
Mailing address
2302 2ND AVE N, SEATTLE, WA 98109-2005
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2024
—
Triple Down LLC
—
Deed
related
$500,000 · Coastal Community Bank
Jan 6, 2022
—
Triple Down LLC
—
Deed
related
$250,000 · Coastal Community Bank
Apr 30, 2021
—
Triple Down LLC
—
Deed
related
$3,075,000 · Coastal Community Bank
Jun 1, 2016
$2,075,000
Triple Down LLC
Ameritas Life Ins Corp
Warranty Deed
related
$1,689,000 · First Fed'l S&l/port Angeles
Dec 7, 2011
$2,668,000
Union Central Life Insurance C
Lpsl Corporate Services
Trustees Deed
related
—
Sep 1, 2011
—
Sc Land Dev Co INC
—
Grant Deed
related
$3,375,000 · Miscellaneous Ins Co
Mar 12, 2009
—
Sc Land Dev Co INC
—
Deed Of Trust
related
$4,000,000 · Skagit State Bank
Jan 24, 2001
—
S C Land Development Co INC
—
Deed Of Trust
related
$2,000,000 · Key Bank NA
Jan 23, 1995
$531,240
S C Land Development INC
Mastro,michael R
Grant Deed
$291,240 · Ford Motor Credit Co
—
—
Sc Land Dev Co INC
—
Deed Of Trust
related
$3,375,000 · Miscellaneous Ins Co
—
—
Sc Land Dev Co INC
—
Deed Of Trust
related
$4,750,000 · Bank Of America
—
—
Sc Land Dev Co INC
—
Deed Of Trust
related
$2,800,000 · Bank Of America
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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