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Property profile & analytics
OFF-MARKET
Turn key restaurants
214 Lewis St Monroe, WA 98272-1504
Individually Owned
9-yr Hold
Free & Clear
Property ID
US90-1533811
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1956
Construction
WOOD
Total area
5,034 SF
Lot
0.48 ac (20,909 SF)
Zoning code
O9
APN
27060100109400
UPID
US90-1533811
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
-
Let's Play Cafe Arcade & Gaming Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wayne B Whisnant · 9 yrs held
Wayne B Whisnant
since 2016
7 recorded transactions
Zoning & alternative use
O9 · 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
—
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
$5,152
Tax year 2023
Assessed value
$649,700
Assessed 2023
Previous assessed
$562,000
+15.6% YoY
Effective rate
0.79%
On assessed value
Assessed land
$427,000
Assessed improvement
$222,700
Land market value
$427,000
Improvement market value
$222,700
Total market value
$649,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
2
Total area
5,034 SF
Lot
0.48 ac (20,909 SF)
Zoning code
O9
APN
27060100109400
UPID
US90-1533811
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O9 · Monroe, WA
Zoning O9 · permitted uses
O9 · 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
1956
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Wayne B Whisnant
Individual
Free & Clear · 9 yrs held
Mailing address
214 N LEWIS ST, MONROE, WA 98272-1504
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2016
—
Wayne B Whisnant
214 N Lewis LLC
Quit Claim Deed
related
—
Mar 5, 2014
$185,000
214 North Lewis LLC
Columbia St Bk
Grant Deed
—
May 10, 2013
—
Columbia St. Bk
Cook,ray & Lelia
Deed In Lieu Of Foreclosure
related
—
Oct 22, 2008
—
Raymond Cook
—
Deed Of Trust
related
$1,041,000 · First Heritage Bank
Nov 9, 2004
$950,000
Raymond Cook
Whisnant,wayne & Joan
Warranty Deed
—
Oct 29, 1993
$573,353
Butters Ptshp Welcom
Hughes,lawrence
Grant Deed
—
Oct 29, 1993
$989,648
Roundup Co
Hughes,lawrence
Grant Deed
—
—
—
Ray Cook
—
Deed Of Trust
related
—
—
—
Ray Cook
—
Deed Of Trust
related
—
—
—
Ray Cook
—
Deed Of Trust
related
—
—
—
Ray Cook
—
Deed Of Trust
related
—
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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