Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17675 147Th St SE Monroe, WA 98272
    Back to Search
    Property profile & analytics

    17675 147Th St SE, Monroe, WA 98272

    View on Map
    • Industrial properties
    • 48,912 SF
    • 2.99 lot acres
    For Lease
    $11,065,000
    View Listing →
    Monroe Warehouse with Loading Docks For Lease
    $11,065,000
    51,704 SF

    Monroe Warehouse with Loading Docks

    Warehouse space available September 1, 2024, with loading docks.

    17675 147th St SE, Monroe, WA
    View Listing
    Property ID
    US90-1858999
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 17675 147Th St SE

    Year built
    2009
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.99 lot acres
    Zone code
    LI
    Property type
    Industrial properties
    APN
    28063500402600
    APU
    28063500402600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 15, 2025 $11,500,000 America Medic And Science LLC Monroe Ventures LLC Bargain & Sale Deed $7.8M · 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 $6.7M · Homestreet Bank
    — — Monroe Corporate Park LLC — Deed Of Trust · related $8.1M · Homestreet Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,920,000
      6.5%
      $7,310,000
      7%
      $6,785,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,960,000
      Market price range: $6.75M - $25.0M

    • 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Snohomish
    State
    Washington
    Longitude
    -121.993
    Latitude
    47.8652
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $57,578
    $2,105,300
    $5,625,700
    $7,731,000
    -
    $2,105,300
    $5,625,700
    $7,731,000

    Comparable in this City

    • Value Estimation
      $28,820,000
      263,812 SF

      16726 Tye SE St

      INDUSTRIAL (GENERAL)
      16726 Tye SE St, Monroe, WA 98272-1059
      View Details
    • Value Estimation
      $5,595,000
      57,515 SF

      17404 147th SE St

      INDUSTRIAL (GENERAL)
      17404 147th SE St, Monroe, WA 98272-2714
      View Details
    • Value Estimation
      $1,960,000
      17,050 SF

      17341 Tye SE St

      INDUSTRIAL (GENERAL)
      17341 Tye SE St, Monroe, WA 98272-1047
      View Details
    • Value Estimation
      $3,565,000
      29,339 SF

      17072 Tye SE St

      INDUSTRIAL (GENERAL)
      17072 Tye SE St, Monroe, WA 98272-2757
      View Details
    • Value Estimation
      $7,250,000
      37,850 SF

      17520 147th SE St

      INDUSTRIAL (GENERAL)
      17520 147th SE St, Monroe, WA 98272-1027
      View Details
    • Value Estimation
      $1,430,000
      11,475 SF

      17351 Beaton Rd Se Ste, Unit 103

      INDUSTRIAL (GENERAL)
      17351 Beaton Rd Se Ste, Monroe, WA 98272-1013
      View Details

    Similar Nearby for Sale

    • $3,600,000

      Monroe Warehouse with Secured Yard

      11,300 SF warehouse with 18,000 SF secured yard.
      17120 Tye St SE, Monroe, WA 98272
      View Details
    • Contact for pricing

      Monroe Warehouse with Secured Yard

      11,300 SF warehouse with 18,000 SF secured yard.
      17120 Tye St Southeast, Monroe, WA 98272
      View Details
    • Contact for pricing
      11,300 SF

      Warehouse with Secured Yard

      11,300 SF warehouse with 18,000 SF secured yard.
      17120 Tye St SE, Monroe, WA 98272
      View Details
    • Contact for pricing

      Monroe Development Opportunity: 2.78 Acres

      2.78 acres in Monroe with mixed-use zoning and income potential.
      16311 177Th Ave, Monroe, WA 98272
      View Details
    • Contact for pricing

      5.07 Acres Ready For Home

      5.07 acres approved for a 4-bedroom home.
      26424 174Th St, Monroe, WA 98272
      View Details
    • Contact for pricing

      Monroe Acreage with Subdivision Potential

      11.51-acre parcel in Monroe with subdivision potential and creek.
      20412 Ricci Rd, Monroe, WA 98272
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,296 SF

      Industrial Space with Highway Access

      Industrial property for rent with great highway access and visibility.
      20016 Old Owen Rd, Monroe, WA 98272
      View Details
    • Contact for pricing

      Retail/Office/Industrial Space For Rent

      Space available for lease in Monroe, Washington.
      223 S Lewis St, Monroe, WA 98272
      View Details
    • Contact for pricing
      30,000 SF

      Monroe Warehouse with Loading Docks

      Warehouse space available September 1, 2024, with loading docks.
      17675 147Th St SE, Monroe, WA 98272
      View Details
    • Contact for pricing

      Distribution Warehouse with Bonus Mezzanine

      Functional distribution warehouse with docks, drive-in, and mezzanine.
      17045 Tye St SE, Monroe, WA 98272
      View Details
    • $6,400 /Mo
      4,800 SF

      Updated Mixed-Use Building in Monroe

      4,800 SF mixed-use building with retail, office, and storage.
      223 Lewis St, Monroe, WA 98272
      View Details
    • Contact for pricing
      3,430 SF

      Monroe Warehouse Space Available

      Warehouse space available for rent in Monroe, Washington.
      17239-17251 Tye St SE, Monroe, WA 98272
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17675 147Th St SE
    Monroe, WA 98272
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    17675 147Th St SE, Monroe, WA, 98272
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!