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Property profile & analytics
OFF-MARKET
Estimated value
$7,405,000
Grocery and convenience stores
19881 State Rte 2nd 2 Monroe, WA 98272-2352
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1348368
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1990
Construction
TYPE NOT SPECIFIED
Total area
54,269 SF
Lot
4.78 ac (208,217 SF)
Zoning code
GC
APN
27070600200900
UPID
US90-1348368
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.41M
Owner & transaction history
Beta-monroe Plaza LLC · 7 yrs held
Beta-monroe Plaza LLC
since 2019
7 recorded transactions
Zoning & alternative use
GC · Monroe, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$136 / 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
$69,231
Tax year 2023
Assessed value
$9,295,900
Assessed 2023
Previous assessed
$8,470,000
+9.8% YoY
Effective rate
0.74%
On assessed value
Assessed land
$2,580,000
Assessed improvement
$6,715,900
Land market value
$2,580,000
Improvement market value
$6,715,900
Total market value
$9,295,900
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1990
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Total area
54,269 SF
Lot
4.78 ac (208,217 SF)
Zoning code
GC
APN
27070600200900
UPID
US90-1348368
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.
Building & site characteristics
From public records
Year built
1990
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Lot
4.78 ac
Current owner
From public records · entity-resolved
Beta-monroe Plaza LLC
Entity
Mailing address
18827 BOTHELL WAY NE STE #110, BOTHELL, WA 98011-1940
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2019
—
Beta-monroe Plaza LLC
Beta-monroe Anchor LLC
Quit Claim Deed
related
—
Feb 19, 2015
$9,509,459
Spirit Spe Hg 2015-1 LLC
Abs Wa-o LLC
Grant Deed
—
Jun 27, 2014
—
Abs Wa-o LLC
—
Loan Modification
related
$1,440,111,240 · Citibank NA
Apr 4, 2013
—
Abs Wa-o LLC
New Albertsons INC
Warranty Deed
—
Dec 5, 2012
—
New Albertsons INC
Albertsons LLC
Correction Deed
related
$650,000,000 · Wells Fargo Bank NA
Jun 16, 2006
—
New Albertsons INC
Albertsons LLC
Quit Claim Deed
—
Jun 1, 1989
$111,000
Albertson INC
Unknown
Grant Deed
—
—
—
Abs Wa-o LLC
—
Deed Of Trust
related
$850,000,000 · Bank Of America
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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