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Property profile & analytics
OFF-MARKET
Estimated value
$2,430,000
Retail space
14961 Chain Lk Rd Monroe, WA 98272-8725
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-2257493
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
TYPE NOT SPECIFIED
Total area
12,635 SF
Lot
1.33 ac (57,935 SF)
Zoning code
GC
APN
27070600200500
UPID
US90-2257493
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
-
The Goddard School of Monroe Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.74M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.43M
Owner & transaction history
Khre Holdings LLC · 6 yrs held
Khre Holdings LLC
since 2019
7 recorded transactions
Zoning & alternative use
GC · Monroe, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the general commercial zoning districts is to provide opportunities for the enhancement of existing commercial uses and for the location of new commercial development by providing areas for retail, dining, entertainment, and similar businesses that are conducted primarily indoors.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
278.26 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$3.8M
+4.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,970,000
6.5%
$2,740,000
7%
$2,545,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,680,000
Current use
COMMERCIAL (GENERAL)
$3,830,000
Change: +4% · Conversion: Easy
WAREHOUSE, STORAGE
$3,650,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±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
$192 / 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
$26,370
Tax year 2023
Assessed value
$3,540,000
Assessed 2023
Previous assessed
$3,254,000
+8.8% YoY
Effective rate
0.74%
On assessed value
Assessed land
$871,100
Assessed improvement
$2,668,900
Land market value
$871,100
Improvement market value
$2,668,900
Total market value
$3,540,000
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
2004
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
12,635 SF
Lot
1.33 ac (57,935 SF)
Zoning code
GC
APN
27070600200500
UPID
US90-2257493
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GC · Monroe, WAZoning GC · permitted uses
GC · 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 general commercial zoning districts is to provide opportunities for the enhancement of existing commercial uses and for the location of new commercial development by providing areas for retail, dining, entertainment, and similar businesses that are conducted primarily indoors.
Zone name
General Commercial
General category
COMMERCIAL
Zone area
278.26 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$3.7M
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1
Lot
1.33 ac
Current owner
From public records · entity-resolved
Khre Holdings LLC
Entity
Mailing address
3470 NE MARION LN, ISSAQUAH, WA 98029-3608
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2025
—
Khre Holdings LLC
—
Deed
related
$2,275,000 · The Huntington National Bank
Nov 19, 2019
$3,000,000
Khre Holdings LLC
Chain Lake Retail LLC
Warranty Deed
$4,900,000 · Wells Fargo Bank NA
Sep 24, 2007
$3,060,000
Chain Lake Retail LLC
5812-2 LLC
Warranty Deed
$2,140,000 · Berkshire Life Ins Co America
May 10, 2007
—
5812-2 LLC
—
Deed Of Trust
related
$5,000,000 · Cowlitz Bank
Aug 5, 2005
—
City Of Monroe
5812-2 LLC
Warranty Deed
related
—
Mar 15, 2004
—
5707-2 LLC
—
Deed Of Trust
related
$4,000,000 · Horizon Bank
Mar 25, 2003
—
5812-2 LLC
Ps Properties LLC
Quit Claim Deed
related
$2,055,000 · Pacific Northwest Bank
Apr 10, 2002
—
Ps Properties LLC
Bar-l Properties LLC
Quit Claim Deed
related
—
Sep 9, 1999
$296,325
Bar-l Properties LLC
Frontier Bank
Grant Deed
—
Dec 24, 1998
$300,000
Frontier Bank
Butters Group
Trustees 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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