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Property profile & analytics
OFF-MARKET
Estimated value
$9,165,000
Hotels
19233 State Rte 2nd 2, Monroe, WA 98272-1513
Entity Owned
~
Est. High Equity
Property ID
US90-0030229
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1994
Construction
WOOD
Total area
30,806 SF
Lot
1 ac (43,560 SF)
Zoning code
GC
APN
808900000300
UPID
US90-0030229
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
$9.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.90M
Blend (final)
Blend
$9.17M
Owner & transaction history
Brar Hotels LLC
Brar Hotels LLC
since 2025
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
GC · Monroe, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.4M
+35.7%
Apartment house (5+ units)
$12.7M
+29.4%
Medical building
$12.0M
+22.1%
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
$9,865,000
ML approach
$9,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,850,000
Current use
AUTO REPAIR, GARAGE
$13,365,000
Change: +36% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$12,740,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$12,030,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$10,985,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,340,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$8,970,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$9.17M
Range $8.25M – $10.08M · ±10% · vs last sale $8.50M (Nov 22 2021)
Last sale anchor
$8.50M
Nov 22 2021
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
$298 / 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
$59,209
Tax year 2023
Assessed value
$7,950,000
Assessed 2023
Previous assessed
$6,773,000
+17.4% YoY
Effective rate
0.74%
On assessed value
Assessed land
$833,100
Assessed improvement
$7,116,900
Land market value
$833,100
Improvement market value
$7,116,900
Total market value
$7,950,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1994
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
3
Units
58
Rooms
58
Total area
30,806 SF
Lot
1 ac (43,560 SF)
Zoning code
GC
APN
808900000300
UPID
US90-0030229
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
GC · Monroe, WA
Zoning GC · permitted uses
GC · 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
HOTEL/MOTEL Current
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$13.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.7M
MEDICAL BUILDING
Est. value
$12.0M
OFFICE BUILDING
Est. value
$11.0M
COMMERCIAL (GENERAL)
Est. value
$9.3M
RETAIL STORES
Est. value
$9.0M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
1994
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Units
58
Rooms
58
Lot
1 ac
Current owner
From public records · entity-resolved
Brar Hotels LLC
Entity
Mailing address
19233 STATE RTE 2ND 2, MONROE, WA 98272-1513
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2026
—
Brar Hotels LLC
—
Deed
related
$5,800,000 · American Continental Bank
Nov 6, 2025
—
Brar Hotels LLC
—
Deed
related
$3,776,000 · Ameritrust Cdc
Sep 18, 2025
$11,510,000
Brar Hotels LLC
Schreiner And Kwon INC
Warranty Deed
$3,690,000 · American Continental Bank
Nov 22, 2021
$8,500,000
Schreiner And Kwon INC
Harbor Investment Incorporated
Warranty Deed
$4,362,500 · American Continental Bank
Apr 28, 2016
—
Harbor Investment Incorporated
Yeun Chang Ju
Warranty Deed
$5,000,000 · Open Bank
Sep 4, 2007
$5,685,000
Ju Y Chang
So,jae E & Jum S
Warranty Deed
$4,515,000 · United Commercial Bank
Jun 14, 2007
—
Jae E So
—
Trustees Deed
related
$65,000 · Seung H & NA R Lee
Mar 29, 2006
$3,780,000
Jae E So
Baron Inn
Warranty Deed
$3,030,906 · City Bank
—
—
Ju Y Chang
—
Deed Of Trust
related
$4,000,000 · Unibank
—
—
Baron Inn LP
—
Deed Of Trust
related
$850,000 · Bank Of The Northwest
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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