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Property profile & analytics
OFF-MARKET
Industrial properties
16642 146th SE St Monroe, WA 98272-2964
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1512615
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2017
Construction
TYPE NOT SPECIFIED
Total area
23,776 SF
Lot
1.54 ac (67,082 SF)
Zoning code
LI
APN
865400001802
UPID
US90-1512615
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
-
Stair Shop LLC Industrial Manufacturer Production Facility
-
Camp Bow Wow Kennel & Boarding Facility
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
Marlene Renee Partners A Washington · 1 yrs held
Marlene Renee Partners A Washington
since 2025
Last sale
$33.5M
7 recorded transactions
Zoning & alternative use
LI · 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
—
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
$38,217
Tax year 2023
Assessed value
$5,131,000
Assessed 2023
Previous assessed
$4,707,000
+9.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,287,900
Assessed improvement
$3,843,100
Land market value
$1,287,900
Improvement market value
$3,843,100
Total market value
$5,131,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2017
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
23,776 SF
Lot
1.54 ac (67,082 SF)
Zoning code
LI
APN
865400001802
UPID
US90-1512615
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
LI · Monroe, WA
Zoning LI · permitted uses
LI · 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.
Building & site characteristics
From public records
Year built
2017
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Marlene Renee Partners A Washington
Entity
Mailing address
2620 BELLEVUE WAY NE, BELLEVUE, WA 98004-2209
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
Feb 18, 2025
$33,500,000
Marlene Renee Partners A Washington
Monroe Investment Properties LLC
Bargain & Sale Deed
$20,000,000 · Monroe Investment Properties LLC
Aug 15, 2022
$45,000,000
Monroe Investment Properties LLC
Sterling Realty Organization Co
Bargain And Sale Deed
—
Jan 4, 2018
$4,475,000
Sterling Realty Organization C
Rudeen Busn Park Lots C & D Ll
Grant Deed
$16,750,000 · Miscellaneous Ins Co
Dec 26, 2017
—
Rudeen Busn Park Lots C & D Ll
Rudeen Business Park Vi LLC
Quit Claim Deed
related
—
Aug 16, 2016
—
Rudeen Busns Park Lot C & D LLC
—
Trustees Deed
related
$2,800,000 · Inland Northwest Bk
Sep 10, 2010
—
Rudeen Business Park Vi LLC
—
Trustees Deed
related
—
—
—
Rudeen Business Park Vi LLC
—
Loan Modification
related
—
—
—
Rudeen Business Park Vi LLC
—
Deed Of Trust
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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