New search
Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
331 Madison St, Monroe, WA 98272-1410
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0744918
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1949
Construction
WOOD
Total area
1,961 SF
Lot
0.2 ac (8,712 SF)
Zoning code
O0
APN
27060100104000
UPID
US90-0744918
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
$400k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$754k
Blend (final)
Blend
$540k
Owner & transaction history
Ronald F King II · 11 yrs held
Ronald F King II
since 2014
7 recorded transactions
Zoning & alternative use
O0 · Monroe, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$850,000
+21.7%
Medical building
$765,000
+9.5%
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
by Request
ML approach
$400,000
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$575,000
7%
$530,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$700,000
Current use
AUTO REPAIR, GARAGE
$850,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$765,000
Change: +9% · Conversion: Easy
COMMERCIAL (GENERAL)
$595,000
Change: -15% · Conversion: Easy
RETAIL STORES
$570,000
Change: -18% · Conversion: Moderate
WAREHOUSE, STORAGE
$565,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
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
$275 / 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
$4,270
Tax year 2023
Assessed value
$573,400
Assessed 2023
Previous assessed
$488,000
+17.5% YoY
Effective rate
0.74%
On assessed value
Assessed land
$265,800
Assessed improvement
$307,600
Land market value
$265,800
Improvement market value
$307,600
Total market value
$573,400
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1949
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
1,961 SF
Lot
0.2 ac (8,712 SF)
Zoning code
O0
APN
27060100104000
UPID
US90-0744918
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
OFFICE BUILDING Current
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$850,000
MEDICAL BUILDING
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$595,000
RETAIL STORES
Est. value
$570,000
WAREHOUSE, STORAGE
Est. value
$565,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1949
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Ronald F King II
Individual
Mailing address
331 N MADISON ST, MONROE, WA 98272-1410
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Jun 4, 2018
—
Ronald F King III
—
Deed
related
$316,000 · Washington First Mortgage Loan Corp
Dec 23, 2014
—
Ronald F King II
King,ronald F
Quit Claim Deed
related
$264,000 · Qualstar Cu
Apr 28, 2014
—
Ronald King
King,nallely
Quit Claim Deed
$10,000 · Washington State Housing Fin Commission
Jan 17, 2013
$344,485
Federal Natl Mtg Assn Fnma
Northwest Truste Services
Trustees Deed
related
—
Jan 23, 2008
$320,000
Mark C Weaver
Weaver,john C & Ruth C
Quit Claim Deed
related
—
Apr 26, 2006
$329,000
John C Weaver
Quaranta,vito O
Warranty Deed
—
—
—
John C Weaver
—
Deed Of Trust
related
$292,000 · Bank Of America
—
—
Mark C Weaver
—
Deed Of Trust
related
$100,000 · North County 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 331 Madison St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
