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Property profile & analytics
FOR LEASE
Industrial properties
17675 147Th St SE Monroe, WA 98272
Entity Owned
~
Est. High Equity
Property ID
US90-1858999
For Lease
$11,065,000
17675 147Th St SE, Monroe, WA 98272
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2009
Construction
TYPE NOT SPECIFIED
Total area
48,912 SF
Lot
2.99 ac (130,244 SF)
Zoning code
LI
APN
28063500402600
UPID
US90-1858999
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.31M
Comparable Approach
Comparable
$13.96M
Blend (final)
Blend
$11.07M
Owner & transaction history
America Medic And Science LLC
America Medic And Science LLC
since 2025
Last sale
$11.5M
4 recorded transactions
Zoning & alternative use
LI · Monroe, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$17.4M
+40.6%
Commercial (general)
$14.8M
+19.5%
Retail stores
$14.2M
+14.8%
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%
$7,920,000
6.5%
$7,310,000
7%
$6,785,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,405,000
Current use
OFFICE BUILDING
$17,445,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$14,830,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$14,240,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$11.07M
Range $9.96M – $12.17M · ±10% · vs last sale $11.50M (Dec 15 2025)
Last sale anchor
$11.50M
Dec 15 2025
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
$226 / 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
$57,578
Tax year 2023
Assessed value
$7,731,000
Assessed 2023
Previous assessed
$7,093,000
+9.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$2,105,300
Assessed improvement
$5,625,700
Land market value
$2,105,300
Improvement market value
$5,625,700
Total market value
$7,731,000
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
For Lease
Year built
2009
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
48,912 SF
Lot
2.99 ac (130,244 SF)
Zoning code
LI
APN
28063500402600
UPID
US90-1858999
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$12.4M
OFFICE BUILDING
Est. value
$17.4M
COMMERCIAL (GENERAL)
Est. value
$14.8M
RETAIL STORES
Est. value
$14.2M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2009
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
2.99 ac
Current owner
From public records · entity-resolved
America Medic And Science LLC
Entity
Mailing address
923 POWELL AVE SW STE #101, RENTON, WA 98057-2943
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2025
$11,500,000
America Medic And Science LLC
Monroe Ventures LLC
Bargain & Sale Deed
$7,750,000 · Monroe Ventures LLC
Mar 29, 2016
$5,615,000
Monroe Ventures LLC
Monroe Corporate Park LLC
Warranty Deed
—
—
—
Monroe Corporate Park LLC
—
Deed Of Trust
related
$6,700,000 · Homestreet Bank
—
—
Monroe Corporate Park LLC
—
Deed Of Trust
related
$8,100,000 · Homestreet 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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