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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Retail space
119 Main St Monroe, WA 98272-1809
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1547497
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1903
Construction
WOOD
Total area
6,300 SF
Lot
0.07 ac (3,049 SF)
Zoning code
DC
APN
517401800101
UPID
US90-1547497
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
-
E-man Computer Repair Computer & Electronic Repair
-
E-Man Data Recovery Monroe Computer & Electronic Repair (Bike/Boat/Book/etc) Store
-
5 Lines Pottery By Appointment Only for Painting Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$855k
Owner & transaction history
Nhan H Vo · 9 yrs held
Nhan H Vo
since 2017
3 recorded transactions
Zoning & alternative use
DC · Monroe, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the downtown commercial zone is to integrate civic, commercial, entertainment, cultural, and residential uses and increase economic and urban activity levels within the zone. Development standards or guidelines applicable to the downtown commercial zone enhance opportunities for significant growth of office, commercial, and residential project…
Zone name
Downtown Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
69.62 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
$136 / 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
$7,670
Tax year 2023
Assessed value
$945,000
Assessed 2023
Previous assessed
$945,000
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$238,200
Assessed improvement
$706,800
Land market value
$238,200
Improvement market value
$706,800
Total market value
$945,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1903
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Units
4
Rooms
4
Bathrooms
3
Total area
6,300 SF
Lot
0.07 ac (3,049 SF)
Zoning code
DC
APN
517401800101
UPID
US90-1547497
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DC · Monroe, WAZoning DC · permitted uses
DC · 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 downtown commercial zone is to integrate civic, commercial, entertainment, cultural, and residential uses and increase economic and urban activity levels within the zone. Development standards or guidelines applicable to the downtown commercial zone enhance opportunities for significant growth of office, commercial, and residential projects in the city’s core
Zone name
Downtown Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
69.62 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1903
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Units
4
Rooms
4
Bathrooms
3
Lot
0.07 ac
Current owner
From public records · entity-resolved
Nhan H Vo
Individual
Mailing address
16718 9TH AVE SE, MILL CREEK, WA 98012-6309
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2017
$760,000
Nhan H Vo
Main Via Property LLC
Warranty Deed
$500,000 · Mountain Pacific Bank
Aug 1, 2012
$180,000
Main Via Property LLC
Dicar Properties LLC
Warranty Deed
$130,000 · Dicar Properties LLC
Apr 27, 2007
—
Dicar Properties LLC
Walter,richard C & Carole J
Quit Claim Deed
related
—
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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