Back to Search
Property profile & analytics
OFF-MARKET
Medical Office Space
622 Main St Monroe, WA 98272-2102
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-1629073
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1944
Construction
TYPE NOT SPECIFIED
Total area
2,422 SF
Lot
0.26 ac (11,326 SF)
Zoning code
O7
APN
27060100408100
UPID
US90-1629073
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
-
Richard Chan Orthodontics - Monroe Dental Office
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
R & J Chan Properties LLC · 15 yrs held
R & J Chan Properties LLC
since 2011
5 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
$6,545
Tax year 2023
Assessed value
$879,000
Assessed 2023
Previous assessed
$751,000
+17.0% YoY
Effective rate
0.74%
On assessed value
Assessed land
$340,900
Assessed improvement
$538,100
Land market value
$340,900
Improvement market value
$538,100
Total market value
$879,000
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
1944
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
2
Bathrooms
4
Total area
2,422 SF
Lot
0.26 ac (11,326 SF)
Zoning code
O7
APN
27060100408100
UPID
US90-1629073
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
1944
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
4
Lot
0.26 ac
Current owner
From public records · entity-resolved
R & J Chan Properties LLC
Entity
Mailing address
636 10TH AVE, KIRKLAND, WA 98033-5613
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2011
$550,000
R & J Chan Properties LLC
Vanness,allan L & Barbara C
Warranty Deed
$412,500 · Columbia State Bank
Mar 15, 1995
$305,000
Allan L Van Ness
Bride,michael J & Charlene A
Grant Deed
$285,000 · First Heritage Bank
May 1, 1992
$180,000
Michael J Bride
Unknown
Grant Deed
—
—
—
Allan L Van Ness
—
Deed Of Trust
related
$250,000 · Bank Of America
—
—
Allan L Van Ness
—
Deed Of Trust
related
$115,000 · Individual
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 622 Main 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.
