Entity Owned Property summary
AI-generated overview
The property is a multi-tenant retail/commercial building positioned next to a hospital, with convenient access to major highways and adjacency to Monroe’s primary residential area. It is configured for a range of commercial uses, including medical-related uses such as pharmacies and laboratories, as well as mobile vendor operations, consumer goods retail, and general retail and services. Suite A is an end-cap unit with high ceilings and extensive window coverage for natural light, and includes a drive-through feature. Suite C contains a second-floor area that was planned for finishing and remodeling, including the addition of a skylight. The building has a street-front, high-visibility presence and provides prominent signage, with on-site parking designed to support client and staff access.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
WOOD
Total area
9,600 SF
Lot
0.8 ac (34,848 SF)
Zoning code
O7
APN
28063500402100
UPID
US90-1723219
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pharmacy
-
Pharmacy
-
Pharmacy
-
Pharmacy
-
Pharmacy
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.39M
CAP Approach
CAP
$2.16M
Comparable Approach
Comparable
$3.16M
Blend (final)
Blend
$2.38M
Owner & transaction history
since 2022
Last sale
$2.4M
5 recorded transactions
Zoning & alternative use
O7 · Monroe, WA
Top alternative use upside
Apartment house (5+ units)
$4.0M
+5.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.38M
Value range
$2.14M – $2.62M
±10% around blend
Estimated value / SF
$248 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
30
$2.14M
blend $2.38M
$2.62M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,600 SF
Lot area
0.8 ac
Year built
1997
Stories
1
APN
28063500402100
Zoning
O7
Assessed value
$2,235,000
Annual tax
$16,653
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.16M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.35M
@ 6.5% CAP return
$2.16M
@ 7% CAP return
$2.01M
4
Sales comparison
Partial preview
Sales approach indication
$4.03M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
21.6 mi away · 7,544 SF
22.2 mi away · 8,526 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.38M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 62 sales
$390
-37%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $248/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+6%
vs current-use indication
Medical Building · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
5.90%
Implied, in-place cap rate for this medical office space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.90%
9.0%
NOI (est.)
$168k *
Last sale · Apr 2022
$2.40M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.85M
Move the market yield to see immediate price impact.
Value / SF
$297
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.40%5.90%6.40%
$151k
$2.80M
$2.56M
$2.36M
$168k
$3.11M
$2.85M
$2.63M
$185k
$3.42M
$3.13M
$2.89M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$1.56M
12.3 mi · Jan 2026 · $134/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,653
Tax year 2023
Assessed value
$2,235,000
Assessed 2023
Previous assessed
$1,726,000
+29.5% YoY
Effective rate
0.75%
On assessed value
Assessed land
$608,200
Assessed improvement
$1,626,800
Land market value
$608,200
Improvement market value
$1,626,800
Total market value
$2,235,000
Applied tax rate
530.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
9,600 SF
Lot
0.8 ac (34,848 SF)
Zoning code
O7
APN
28063500402100
UPID
US90-1723219
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O7 · Monroe, WAZoning O7 · permitted uses
O7 · Monroe, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.8 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
O7
Jurisdiction
Monroe, WA
Recorded code
O7
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for O7 in Monroe, WA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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