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Property profile & analytics
OFF-MARKET
Office buildings
603 Main St, Monroe, WA 98272-2101
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0526379
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1913
Construction
WOOD
Total area
1,347 SF
Lot
0.36 ac (15,682 SF)
Zoning code
O7
APN
27060100406200
UPID
US90-0526379
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
-
Kevin R. Bates, DC Alternative Medicine Practice
-
Cascade View Chiropractic Alternative Medicine Practice
-
Philip Franklin Kogler Alternative Medicine Practice
-
Dr. Philip Kogler 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
Kogler Real Estate Group LLC · 8 yrs held
Kogler Real Estate Group LLC
since 2017
7 recorded transactions
Zoning & alternative use
O7 · 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
$3,813
Tax year 2023
Assessed value
$512,000
Assessed 2023
Previous assessed
$385,000
+33.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$392,900
Assessed improvement
$119,100
Land market value
$392,900
Improvement market value
$119,100
Total market value
$512,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1913
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Bathrooms
1
Total area
1,347 SF
Lot
0.36 ac (15,682 SF)
Zoning code
O7
APN
27060100406200
UPID
US90-0526379
Jurisdiction
SNOHOMISH
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
O7 · Monroe, WA
Zoning O7 · permitted uses
O7 · 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
1913
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Kogler Real Estate Group LLC
Entity
Mailing address
603 W MAIN ST, MONROE, WA 98272-2101
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2025
—
Kogler Real Estate Group LLC
—
Deed
related
$640,000 · Banner Bank
Sep 26, 2017
$339,000
Kogler Real Estate Group LLC
Powerbuilt LLC
Warranty Deed
$748,000 · First Citizens Bank And Trust Co In
Dec 23, 2011
—
Columbia St. Bk
First Heritage Bk
Quit Claim Deed
—
Dec 22, 2011
$225,000
Powerbuilt LLC
Columbia Bk
Warranty Deed
—
Jul 25, 2011
—
Columbia St. Bk
First Heritage Bk
Quit Claim Deed
—
Jan 15, 2010
$273,250
First Heritage Bk
Sel INC
Trustees Deed
related
—
—
—
Mainstreet Mortgage INC
—
Deed Of Trust
related
$15,350 · First Heritage Bank
—
—
Mainstreet Mortgage INC
—
Deed Of Trust
related
$93,000 · First Heritage Bank
—
—
Mainstreet Mortgage INC
—
Deed Of Trust
related
$400,000 · First Heritage Bank
—
—
Mainstreet Mortgage INC
—
Deed Of Trust
related
$32,533 · First Heritage Bank
—
—
Mainstreet Mortgage INC
—
Deed Of Trust
related
$75,000 · First Heritage Bank
—
—
Mainstreet Mortgage INC
—
Deed Of Trust
related
$120,773 · 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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