Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    19393 Tjerne SE Pl Monroe, WA 98272-1444

    • Individual retail properties
    • 139,412 SF
    • 7.08 lot acres
    OFF-MARKET
    Value Estimations
    $1,520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2190323
    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.

    Current Use by Public Records

    • Lowe's ProServices / Building Materials Supplier
    • Primo Water Exchange / Bottled Water Supplier
    • lowes Garage Door Opener Installation / Garage Door Supplier
    • Downpour Espresso / Espresso Bar
    • S.H Home Staging & Design / Store / Interior Designer

    Property Details for 19393 Tjerne SE Pl

    Year built
    2008
    Construction
    TYPE NOT SPECIFIED
    Lot size
    7.08 lot acres
    Property size
    139,412 SF
    Zone code
    O1
    Property type
    Individual retail properties
    APN
    28063600402300
    APU
    28063600402300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,520,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Snohomish
    State
    Washington
    Longitude
    -121.971
    Latitude
    47.8637
    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
    $136,279
    $4,626,100
    $13,673,900
    $18,300,000
    -
    $4,626,100
    $13,673,900
    $18,300,000

    Comparable in this City

    • Value Estimation
      $260,000
      816 SF

      136 Blakeley St

      BARBER, HAIR SALON • 816 SF
      136 Blakeley St, Monroe, WA 98272-1823
      View Details
    • Value Estimation
      $265,000
      846 SF

      102 Main St

      BARBER, HAIR SALON • 846 SF
      102 Main St, Monroe, WA 98272-1810
      View Details
    • Value Estimation
      $285,000
      2,416 SF

      404 Fremont St

      BARBER, HAIR SALON • 2,416 SF
      404 Fremont St, Monroe, WA 98272-2315
      View Details
    • Value Estimation
      $295,000
      2,475 SF

      124 Main St

      APPLIANCE STORE • 2,475 SF
      124 Main St, Monroe, WA 98272-1506
      View Details
    • Value Estimation
      $265,000
      2,140 SF

      331 Lewis St

      BARBER, HAIR SALON • 2,140 SF
      331 Lewis St, Monroe, WA 98272
      View Details
    • Value Estimation
      $380,000
      3,908 SF

      19501 State Rte 2nd 2

      FINANCIAL BUILDING • 3,908 SF
      19501 State Rte 2nd 2, Monroe, WA 98272-1535
      View Details

    Similar Nearby for Sale

    • $2,300,000

      Downtown Monroe Commercial Property

      Prime commercial property in downtown Monroe with flexible configurations.
      123 N Lewis St, Monroe, WA 98272
      View Details
    • Contact for pricing
      24,285 SF

      Retail Space in Monroe Center

      Retail space available in a high-traffic shopping center.
      Hwy 2 & Main St, Monroe, WA 98272
      View Details
    • $1,100,000
      4,992 SF

      Downtown Monroe Commercial Building

      4,992 sq ft commercial building in downtown Monroe.
      381 Main St, Monroe, WA 98272
      View Details
    • Contact for pricing
      19,196 SF

      Mixed-Use Building in Downtown Monroe

      Attractive mixed-use building with flexible lease terms in downtown Monroe.
      101 E Main St, Monroe, WA 98272
      View Details
    • $3,000,000

      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
      11 SF

      Monroe Land Development Opportunity

      Commercial and residential development opportunity in Monroe, Washington.
      Tjerne Pl, Monroe, WA 98272
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      7,539 SF

      Prime Retail/Medical Space Available

      High-visibility location ideal for retail, medical, and restaurant uses.
      17788-17792 147Th St SE, Monroe, WA 98272
      View Details
    • Contact for pricing
      6,396 SF

      Retail Building on Corner Lot

      6,396 SF retail building on 2.08 acre corner lot.
      14797 N Kelsey St, Monroe, WA 98272
      View Details
    • $2,900 /Mo
      1,669 SF

      Three-Bedroom Home in Trombley Hills

      Well-maintained 3-bedroom home in desirable Trombley Hills neighborhood.
      13472 Summit Ave SE, Monroe, WA 98272
      View Details
    • $12 SF/Yr
      42,047 SF

      Monroe Warehouse: 42,047 SF

      Highly functional distribution warehouse. Six docks, one drive-in.
      17045 Tye St, Monroe, WA 98272
      View Details
    • $1.34 SF/Yr
      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
    • $1.10 SF/Yr
      4,000 SF

      Monroe Warehouse Space Available

      4,000 square foot warehouse space for rent in Monroe.
      17631 147Th St SE, Monroe, WA 98272
      View Details

    Property Visit Statistics

    • Visits by month
      54.1k
    • Visitors by month
      32.8k
    • Avg Time on site
      24 min
    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.
    19393 Tjerne SE Pl
    Monroe, WA 98272-1444
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.