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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Automotive properties
16957 Main St Monroe, WA 98272-1969
Entity Owned
29-yr Hold
Free & Clear
Property ID
US90-0911582
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2000
Construction
WOOD
Total area
23,616 SF
Lot
3.99 ac (173,804 SF)
Zoning code
O1
APN
27060200302300
UPID
US90-0911582
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
-
Speedway Chevrolet Car Dealership Auto Repair Shop
-
Speedway RV Center Car Dealership
-
Lee Johnson Buys Cars - Monroe Car Dealership
-
Chevrolet Service - Speedway Auto Repair Shop
-
Speedway RV Service & Parts Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.58M
Owner & transaction history
Lmj Enterprises LP · 29 yrs held
Lmj Enterprises LP
since 1996
7 recorded transactions
Zoning & alternative use
O1 · 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
$109 / 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
$51,286
Tax year 2023
Assessed value
$6,886,000
Assessed 2023
Previous assessed
$6,558,000
+5.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$2,376,400
Assessed improvement
$4,509,600
Land market value
$2,376,400
Improvement market value
$4,509,600
Total market value
$6,886,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
23,616 SF
Lot
3.99 ac (173,804 SF)
Zoning code
O1
APN
27060200302300
UPID
US90-0911582
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.
Building & site characteristics
From public records
Year built
2000
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
3.99 ac
Current owner
From public records · entity-resolved
Lmj Enterprises LP
Entity
Free & Clear · 29 yrs held
Mailing address
16957 W MAIN ST, MONROE, WA 98272-1969
Ownership since
1996
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
May 16, 2024
—
Lmj Enterprises Limited Partnership
—
Deed
related
$7,500,000 · Banner Bank
Sep 14, 2021
—
Lmj Enterprises Limited Partnership
—
Deed
related
$2,338,889 · Jpmorgan Chase Bank NA
Mar 19, 2020
—
Lmj Ents LP
—
Deed
related
$168,000 · Jp Morgan Chase Bk
Apr 23, 2018
—
Lmj Ents LP
—
Loan Modification
related
$12,000,000 · Jp Morgan Chase Bk
Jan 4, 2018
—
Lmj Ents LP
—
Deed
related
$19,578,472 · Jp Morgan Chase Bk
Jul 28, 1999
—
Lmj Enterprises LP
—
Deed Of Trust
related
$2,400,000 · Seafirst Bank
Dec 23, 1996
$807,056
Lmj Enterprises LP
Harniss,dean E & La Royce
Grant Deed
—
—
—
Lmj Ents LP
—
Loan Modification
related
$168,000 · Jp Morgan Chase Bk
—
—
Lmj Ents LP
—
Loan Modification
related
$19,578,472 · Jp Morgan Chase Bk
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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