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Property profile & analytics
OFF-MARKET
Commercial real estate
1194 Us Hwy 12 Montesano, WA 98563-9604
Entity Owned
7-yr Hold
Free & Clear
Property ID
US90-1363436
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1978
Construction
FRAME
Total area
2,400 SF
Lot
16.91 ac (736,600 SF)
Zoning code
R1
APN
170810130090
UPID
US90-1363436
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
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
Monte Park LLC · 7 yrs held
Monte Park LLC
since 2018
4 recorded transactions
Zoning & alternative use
R1 · Montesano, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the low-density residential or R-1 district is to provide suitable areas for family neighborhoods with adequate play areas and open space amenities while assuring protection from hazards, objectionable influences, and building congestion which might result in the lack of air, light and privacy. ( Ord. 1366 (part) , 1995 )
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
1.33 ac
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 Montesano submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Montesano 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
$22,156
Tax year 2023
Assessed value
$2,130,206
Assessed 2022
Previous assessed
$1,284,894
+65.8% YoY
Effective rate
1.04%
On assessed value
Assessed land
$169,100
Assessed improvement
$1,961,106
Land market value
$169,100
Improvement market value
$1,961,106
Total market value
$2,130,206
Applied tax rate
66.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
NONE
Units
82
Total area
2,400 SF
Lot
16.91 ac (736,600 SF)
Zoning code
R1
APN
170810130090
UPID
US90-1363436
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
R1 · Montesano, WAZoning R1 · permitted uses
R1 · Montesano, 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 low-density residential or R-1 district is to provide suitable areas for family neighborhoods with adequate play areas and open space amenities while assuring protection from hazards, objectionable influences, and building congestion which might result in the lack of air, light and privacy. ( Ord. 1366 (part) , 1995 )
Zone name
Low Density Residential
General category
RESIDENTIAL
Zone area
1.33 ac
Building & site characteristics
From public records
Year built
1978
Construction
FRAME
Heating
NONE
Units
82
Lot
16.91 ac
Current owner
From public records · entity-resolved
Monte Park LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 1815, TACOMA, WA 98401-1815
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2018
—
Monte Park LLC
Lang,michael J & Tessie
Grant Deed
related
—
Dec 18, 2018
—
Michael J Lang
Lang,michael J
Quit Claim Deed
related
—
Dec 18, 2018
$3,139,000
Monte Park LLC
Lang,michael J & Tessie
Warranty Deed
—
—
—
Michael J Lang
—
Deed Of Trust
related
$1,658,420 · Mountain Pacific 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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