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Property profile & analytics
OFF-MARKET
Estimated value
$4,910,000
Medical Office Space
14692 179th SE Ave Monroe, WA 98272-1134
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0968528
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
WOOD
Total area
30,620 SF
Lot
2.84 ac (123,710 SF)
Zoning code
PO
APN
28063500400900
UPID
US90-0968528
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
-
Segebartt Susan M Employment Agency
-
Paul Boone Pediatrician Physician
-
Hitchcock Lauri L MD Physician
-
Gould Randall K MD Physician
-
Sheahan James MD Pediatrician 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
$4.91M
Owner & transaction history
City Of Monroe · 2 yrs held
City Of Monroe
since 2023
7 recorded transactions
Zoning & alternative use
PO · 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
$160 / 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
$32,892
Tax year 2023
Assessed value
$4,415,800
Assessed 2023
Previous assessed
$3,132,000
+41.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,674,500
Assessed improvement
$2,741,300
Land market value
$1,674,500
Improvement market value
$2,741,300
Total market value
$4,415,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
30,620 SF
Lot
2.84 ac (123,710 SF)
Zoning code
PO
APN
28063500400900
UPID
US90-0968528
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PO · Monroe, WAZoning PO · permitted uses
PO · 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
1981
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
2.84 ac
Current owner
From public records · entity-resolved
City Of Monroe
Entity
Free & Clear · 2 yrs held
Mailing address
806 W MAIN ST, MONROE, WA 98272-2125
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2023
—
City Of Monroe
Jmb Investments LLC
Warranty Deed
—
Mar 6, 2020
—
Jmb Investments LLC
—
Deed
related
$6,000,000 · Peoples Bank
Oct 21, 2019
—
Jmb Investments LLC
Natural 9 Holdings LLC
Quit Claim Deed
related
—
Aug 25, 2016
$1,942,500
Natural 9 Holdings LLC
Wells Fargo Bank NA 2007-5
Grant Deed
—
Dec 17, 2015
$5,100,000
Wells Fargo Bank NA 2007-5 Tr
Petiprin Benjamin D|monroe Partners LLC
Trustees Deed
related
—
May 13, 2003
$8,095,506
Monroe Partners LLC
Monroe Professional Assoc LLC
Grant Deed
related
$6,168,750 · Cascade Bank
Jun 1, 1989
$138,981
Professional Assoc I Monroe
Unknown
Quit Claim Deed
related
—
—
—
Monroe Partners LLC
—
Deed Of Trust
related
$6,930,000 · Intervest Mortgage Co LLC
—
—
Monroe Professional Associates
—
Deed Of Trust
related
$700,000 · Security State 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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