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Property profile

203 Blakeley St Monroe, WA 98272

OFF-MARKET
Office buildings
Property ID
US90-0798403
View Sample
5,550 SF 0.12 ac lot Built 2002
Entity Owned 5-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional executive office space, located at 203 N Blakeley St in Monroe, Washington, offers a total of 1,300 square feet currently available for lease. The property, situated in the Sylvan Learning Center building, is categorized as an office building with a multiple tenancy structure. Two individual suites are available, each measuring 650 square feet. This provides flexibility for businesses seeking either a single, spacious suite or the option to lease both for a larger footprint. The minimum leasable space is 650 square feet, and the maximum contiguous space available is also 650 square feet. The entire 1,300 square feet is currently vacant and ready for immediate occupancy. The building is located in Snohomish County, Washington, offering convenient access to local amenities and transportation networks. This presents a unique opportunity for businesses seeking high-quality, readily available office space in a desirable Monroe location. The property's address is 203 N Blakeley St, Monroe, WA 98272. This listing provides a fantastic opportunity to establish or expand your business in a well-maintained and conveniently located building. The space is ideal for businesses requiring a professional and efficient workspace.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2002
Construction WOOD
Total area 5,550 SF
Lot 0.12 ac (5,227 SF)
Zoning code DC
APN 27060100105600
UPID US90-0798403

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Counselor Doctor
  • Marriage Or Relationship Counselor
  • Medical Clinic
  • Family Counselor
  • Law Firm

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.42M
CAP Approach CAP
$1.62M
Comparable Approach Comparable
$1.59M
Blend (final) Blend
$1.43M

Owner & transaction history

since 2020
Last sale
$1.1M
3 recorded transactions
2020
$1.1M
1999
$50,000
1969
Price N/A

Zoning & alternative use

DC · Monroe, WA
Zoning description

The purpose of the downtown commercial zone is to integrate civic, commercial, entertainment, cultural, and residential uses and increase economic and urban activity levels within the zone. Development standards or guide…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Apartment house (5+ units) $2.3M +16.0%
Medical building $2.2M +9.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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