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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Retail space
200 Main St Monroe, WA 98272-1508
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1606345
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
WOOD
Total area
3,938 SF
Lot
0.36 ac (15,682 SF)
Zoning code
O0
APN
602301200001
UPID
US90-1606345
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
-
Western Union Bank Credit Union
-
7-Eleven Grocery & Convenience Store
-
Citibank ATM Atm
-
aj's Salon Hair Salon
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$2.05M
Owner & transaction history
Bac Local 1 Wa Ak · 4 yrs held
Bac Local 1 Wa Ak
since 2021
Last sale
$1.9M
4 recorded transactions
Zoning & alternative use
O0 · Monroe, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+49.0%
Medical building
$1.5M
+34.1%
Office building
$1.4M
+22.5%
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
$2,235,000
ML approach
$2,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,710,000
Change: +49% · Conversion: Difficult
MEDICAL BUILDING
$1,540,000
Change: +34% · Conversion: Difficult
OFFICE BUILDING
$1,405,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±10% · vs last sale $1.93M (Sep 27 2021)
Last sale anchor
$1.93M
Sep 27 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
$519 / 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
$13,366
Tax year 2023
Assessed value
$1,795,000
Assessed 2023
Previous assessed
$1,714,000
+4.7% YoY
Effective rate
0.74%
On assessed value
Assessed land
$387,300
Assessed improvement
$1,407,700
Land market value
$387,300
Improvement market value
$1,407,700
Total market value
$1,795,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
2
Stories
1
Units
4
Rooms
4
Total area
3,938 SF
Lot
0.36 ac (15,682 SF)
Zoning code
O0
APN
602301200001
UPID
US90-1606345
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O0 · Monroe, WA
Zoning O0 · permitted uses
O0 · 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
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
2004
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
4
Rooms
4
Lot
0.36 ac
Current owner
From public records · entity-resolved
Bac Local 1 Wa Ak
Individual
Mailing address
15208 52ND AVE S STE #120, TUKWILA, WA 98188-2318
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2021
$1,925,000
Bac Local 1 Wa Ak
Tye City Properties LLC
Warranty Deed
—
Mar 3, 1999
—
Type City Properties LLC
Wolfstone,frederic J & Jeanne L
Quit Claim Deed
related
—
Aug 30, 1996
$1,400
Monroe Youth Center
Wolfstone,minters Trust
Quit Claim Deed
related
—
—
—
Tye City Properties LLC
—
Deed Of Trust
related
$200,000 · Pacific Northwest Bank
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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