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Property profile & analytics
OFF-MARKET
Medical Office Space
328 Main St Monroe, WA 98272-1812
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-3250608
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1925
Construction
WOOD
Total area
1,719 SF
Lot
0.46 ac (20,038 SF)
Zoning code
PO
APN
27060100408400
UPID
US90-3250608
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
-
Tamanna Massage Alternative Medicine Practice Spa & Massage Center
-
Slender Body Solutions Monroe Weight Loss Service
-
Auto Injury Treatment Center Medical Clinic
-
April Palmer, Lac Alternative Medicine Practice Acupuncture
-
Monroe Chiropractic and Alternative Medicine Center Alternative Medicine Practice
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
Southback Properties LLC · 10 yrs held
Southback Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
PO · 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
$6,917
Tax year 2023
Assessed value
$915,000
Assessed 2023
Previous assessed
$704,000
+30.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$445,500
Assessed improvement
$469,500
Land market value
$445,500
Improvement market value
$469,500
Total market value
$915,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1925
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
1,719 SF
Lot
0.46 ac (20,038 SF)
Zoning code
PO
APN
27060100408400
UPID
US90-3250608
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PO · Monroe, WA
Zoning PO · permitted uses
PO · 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
1925
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
Southback Properties LLC
Entity
Mailing address
2674 SW SYLVAN HTS DR, SEATTLE, WA 98106-1752
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2020
—
Southback Properties LLC
—
Deed
related
$249,999 · Us Bank NA
Feb 16, 2016
$550,000
Southback Properties LLC
Kelly A Sudore
Warranty Deed
$357,500 · Plaza Bank
Sep 10, 2003
$450,000
Kelly A Sudore
Johnson,jack A
Grant Deed
$340,000 · First Heritage Bank
Aug 1, 1992
$150,000
Jack Johnson
Unknown
Quit Claim Deed
related
$25,500 · Seller
Aug 15, 1990
$200,000
Timothy C Bryant
Magnuson,ben
Grant Deed
$475,000 · First Heritage Bank
—
—
Steven E Wilkins
—
Deed Of Trust
related
$45,000 · First Heritage Bank
—
—
Jack A Johnson
—
Deed Of Trust
related
$200,000 · Us Bank
—
—
Nelly A Sudore
—
Deed Of Trust
related
$38,000 · Jack A Johnson
—
—
Nelly A Sudore
—
Deed Of Trust
related
$60,000 · Jack A Johnson
—
—
Kelly A Sudore
—
Deed Of Trust
related
$120,000 · First Heritage 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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