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Property profile & analytics
OFF-MARKET
Commercial real estate
809 Main St Ste C Monroe, WA 98272-2172
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0283252
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1998
Construction
WOOD
Total area
471 SF
Lot
0.88 ac (38,333 SF)
Zoning code
PO
APN
878680900300
UPID
US90-0283252
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
-
Northwest Data Industrial Manufacturer Production Facility
-
Your Dentist Family & Cosmetic Dentistry of Monroe Dental Office
-
Randall Obbink: Allstate Insurance Insurance Agency
-
Equality Realty Real Estate Agency
-
Lucinda Folsom 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
Rafiki Properties LLC · 2 yrs held
Rafiki Properties LLC
since 2024
Last sale
$250,000
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
$781
Tax year 2023
Assessed value
$86,000
Assessed 2023
Previous assessed
$86,000
+0.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$37,500
Assessed improvement
$48,500
Land market value
$37,500
Improvement market value
$48,500
Total market value
$86,000
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
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
471 SF
Lot
0.88 ac (38,333 SF)
Zoning code
PO
APN
878680900300
UPID
US90-0283252
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
1998
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Rafiki Properties LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
$250,000
Rafiki Properties LLC
Equality Realty LLC
Warranty Deed
—
Dec 20, 2021
—
Equality Realtly
—
Deed
related
$120,000 · Asher Monrgomery
Jan 25, 2021
$77,000
Equality Realty LLC
Pamela J Owen
Warranty Deed
—
Jan 22, 2010
$68,000
Pamela L Owen
Jln Properties LLC
Warranty Deed
—
Sep 10, 2003
—
Jln Properties LLC
Nicholson,larry D & Judith A
Grant Deed
related
—
Jul 3, 2001
$65,000
Larry D Nicholson
Monroe Fund I LLC
Grant Deed
$55,250 · Coastal Community Bank
—
—
Monroe Fund I LLC
—
Deed Of Trust
related
$153,947 · 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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