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Property profile & analytics
OFF-MARKET
Estimated value
$15,290,000
Medical Office Space
14841 179th SE Ave Monroe, WA 98272-1127
Entity Owned
Free & Clear
Property ID
US90-1269654
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
STEEL FRAME
Total area
49,401 SF
Lot
1.69 ac (73,616 SF)
Zoning code
O7
APN
485400000101
UPID
US90-1269654
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
-
Curtis Kristen E Physician
-
EvergreenHealth Monroe Physical & Occupational Therapy Medical Clinic
-
Joel Weber, MD Physician
-
Raksha Nepal, MD Pediatrician Physician
-
Teresa L Jackson, MD Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.18M
CAP Approach
CAP
$11.13M
Comparable Approach
Comparable
$16.12M
Blend (final)
Blend
$15.29M
Owner & transaction history
Snohomish County Public Hospital Di
Snohomish County Public Hospital Di
since 2025
Last sale
$21.0M
7 recorded transactions
Zoning & alternative use
O7 · Monroe, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$21.4M
+11.1%
Apartment house (5+ units)
$20.4M
+5.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
$9,180,000
CAP Approach
CAP Return
Estimation
6%
$12,055,000
6.5%
$11,130,000
7%
$10,335,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$19,290,000
Current use
AUTO REPAIR, GARAGE
$21,435,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$20,430,000
Change: +6% · Conversion: Moderate
OFFICE BUILDING
$17,620,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$15.29M
Range $13.76M – $16.82M · ±10% · vs last sale $21.00M (Aug 9 2023)
Last sale anchor
$21.00M
Aug 9 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$310 / 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
$84,973
Tax year 2023
Assessed value
$11,410,000
Assessed 2023
Previous assessed
$10,373,000
+10.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,073,600
Assessed improvement
$10,336,400
Land market value
$1,073,600
Improvement market value
$10,336,400
Total market value
$11,410,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
YES
Cooling
NONE
Stories
3
Bathrooms
1
Total area
49,401 SF
Lot
1.69 ac (73,616 SF)
Zoning code
O7
APN
485400000101
UPID
US90-1269654
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O7 · Monroe, WAZoning O7 · permitted uses
O7 · Monroe, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$19.3M
AUTO REPAIR, GARAGE
Est. value
$21.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.4M
OFFICE BUILDING
Est. value
$17.6M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Bathrooms
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
Snohomish County Public Hospital Di
Entity
Free & Clear · 0 yrs held
Mailing address
CHICAGO, IL 60607
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2025
$24,625,000
Snohomish County Public Hospital Di
Draco3 Monroe 14841 LLC
Bargain & Sale Deed
—
Feb 4, 2025
—
Draco3 Monroe 1441 LLC
—
Deed
related
$150,000,000 · Capital One NA
Aug 9, 2023
$21,000,000
Draco3 Monroe 14841 LLC
Hsre Sky River I LLC
Bargain And Sale Deed
—
Aug 8, 2023
—
Hsre Sky River I LLC
179th Mcducal Office Building LLC
Special Warranty Deed
—
Nov 19, 2015
$18,500,000
Harrison Street Real Estate Ll
179th Medical Office Building
Grant Deed
—
Oct 12, 2004
—
City Of Monroe
Public Hosp Dist 1 Snohomish
Warranty Deed
related
—
—
—
179th Medical Office Bldg LLC
—
Deed Of Trust
related
$9,175,000 · Life Insurance Of Southwest
—
—
179th Medical Building LLC
—
Deed Of Trust
related
$9,175,000 · Evertrust 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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