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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Sports & entertainment properties
14925 Chain Lk Rd Monroe, WA 98272-8766
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0073077
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
2004
Construction
TYPE NOT SPECIFIED
Total area
22,130 SF
Lot
2.42 ac (105,415 SF)
Zoning code
O1
APN
27070600203400
UPID
US90-0073077
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
-
Pursuit Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.26M
Owner & transaction history
Store Master Funding Vill LLC · 10 yrs held
Store Master Funding Vill LLC
since 2015
7 recorded transactions
Zoning & alternative use
O1 · Monroe, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+7.1%
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
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$1,290,000
Current use
RETAIL STORES
$1,380,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10%
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
$57 / 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
$40,444
Tax year 2023
Assessed value
$5,430,000
Assessed 2023
Previous assessed
$5,336,000
+1.8% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,581,700
Assessed improvement
$3,848,300
Land market value
$1,581,700
Improvement market value
$3,848,300
Total market value
$5,430,000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
2004
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
22,130 SF
Lot
2.42 ac (105,415 SF)
Zoning code
O1
APN
27070600203400
UPID
US90-0073077
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O1 · Monroe, WA
Zoning O1 · permitted uses
O1 · Monroe, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.4M
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
RETAIL STORES
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
2004
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
2.42 ac
Current owner
From public records · entity-resolved
Store Master Funding Vill LLC
Entity
Mailing address
336 W RANCHO DR, PHOENIX, AZ 85013-1543
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2015
$4,800,000
Store Master Funding Vill LLC
Emerald City Properties Monroe LLC
Bargain And Sale Deed
$4,800,000 · Citibank NA
Jan 5, 2012
$1,850,000
Emerald City Properties Monroe
East West Bk
Grant Deed
—
Apr 25, 2011
$2,200,000
East West Bk
Td Service Co Of Washington
Trustees Deed
related
—
Oct 5, 2007
—
5812-3 Chain Lake LLC
Bgp II LLC
Deed In Lieu Of Foreclosure
—
Aug 5, 2005
$9,542
City Of Monroe
Bgp II LLC
Warranty Deed
—
Oct 15, 2004
$5,500,000
Bgp II LLC
5812-1 LLC
Warranty Deed
$3,385,000 · Washington First Int'l Bank
Mar 15, 2004
—
5707-2 LLC
—
Deed Of Trust
related
$4,000,000 · Horizon Bank
May 29, 2003
—
Ps Properties LLC
—
Trustees Deed
related
$3,615,000 · Viking Bank
Apr 10, 2002
—
Ps Properties LLC
Bar-l Properties LLC
Quit Claim Deed
related
—
Sep 9, 1999
$1,859,486
Bar-l Properties LLC
Frontier Bank
Grant Deed
$3,500,000 · Colonial Bank Fsb
Oct 1, 1990
$200,000
The Butters Group
Unknown
Grant Deed
$194,000 · Seller
—
—
Bobby G Padgett II
—
Deed Of Trust
related
$1,125,000 · Robert R Reintsma
—
—
Emerald City Properties Monroe
—
Deed Of Trust
related
$1,028,632 · Columbia State Bank
—
—
Emerald City Properties Monroe
—
Deed Of Trust
related
$1,062,000 · Ameritrust Cdc
—
—
Emerald City Props Monroe LLC
—
Deed Of Trust
related
$1,285,790 · Columbia 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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