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Property profile & analytics
OFF-MARKET Estimated value $19,505,000
Retail properties & Spaces

19191 Kelsey St Monroe, WA 98272-1459

156,220 SF 17.3 ac lot Built 2014
Entity Owned Free & Clear
Property ID
US90-2833198
Property summary
AI-generated overview

This exceptional 5.74-acre retail property, located at 19191 N Kelsey St in Monroe, Washington (zip code 98272), presents a unique investment opportunity. Situated in Snohomish County, this grocery store pad benefits from the significant traffic generated by its Walmart anchor tenant. The property's ideal location offers excellent visibility and accessibility, making it an attractive proposition for a variety of grocery-related businesses. The substantial lot size provides ample space for development and expansion, catering to the needs of a growing community. This prime retail space is strategically positioned to capitalize on the high consumer traffic and strong demographics of the area. The property's address is easily accessible from major roadways, ensuring convenient access for customers and employees alike. This is a rare opportunity to acquire a well-located, established retail pad in a thriving market. The property's existing infrastructure and convenient location make it an ideal site for a new grocery store or related retail establishment. The significant lot size allows for flexibility in design and development, accommodating a range of potential uses. This presents a compelling investment opportunity for those seeking a high-traffic, well-positioned retail property in a rapidly growing area of Washington State. The property's location within a successful retail center ensures a strong customer base and high visibility. This is a turnkey opportunity to establish a successful grocery store business in a prime location.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 2014
Construction CONCRETE
Total area 156,220 SF
Lot 17.3 ac (753,588 SF)
APN 28063600403600
UPID US90-2833198
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
  • Subway Take-out & Catering
  • Walmart Garden Center Garden Center
  • Electrify America Charging Station Electric Vehicle Charging Station
  • ecoATM Mobile Phone Store Electronics & Wireless Store
  • MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$19.51M
Owner & transaction history
WAL-MART REAL EST BUSINESS TRUST
WAL-MART REAL EST BUSINESS TRUST
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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