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Property profile & analytics
OFF-MARKET
Commercial real estate
909 Main St Ste 1a Monroe, WA 98272-2031
Individually Owned
35-yr Hold
~
Est. High Equity
Property ID
US90-0304696
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1986
Construction
WOOD
Total area
164 SF
Lot
0.8 ac (34,848 SF)
Zoning code
O7
APN
747400100100
UPID
US90-0304696
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
-
Hickman Chiropractic Alternative Medicine Practice
-
Monroe Lash Lounge Hair Salon Nail Salon
-
Kingsmen Barber Studio Barber Shop
-
Top Knot Hair Lounge Hair Salon
-
Luminosité Aesthetics and Wellness, PLLC Hair Salon Nail Salon
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
Gw Dev Ptnrs · 35 yrs held
Gw Dev Ptnrs
since 1990
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
$248
Tax year 2023
Assessed value
$32,000
Assessed 2023
Previous assessed
$30,000
+6.7% YoY
Effective rate
0.78%
On assessed value
Assessed land
$8,600
Assessed improvement
$23,400
Land market value
$8,600
Improvement market value
$23,400
Total market value
$32,000
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
1986
Construction
WOOD
Heating
YES
Cooling
NONE
Stories
1
Total area
164 SF
Lot
0.8 ac (34,848 SF)
Zoning code
O7
APN
747400100100
UPID
US90-0304696
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
1986
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Gw Dev Ptnrs
Individual
Mailing address
PO BOX 55426, SHORELINE, WA 98155-0426
Ownership since
1990
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
Jul 15, 2025
—
Mg Monroe Properties Llcc
—
Deed
related
$650,000 · Mountain Pacific Bank
Sep 29, 2022
—
Mg Monroe Properties LLC
—
Deed
related
$850,000 · First Financial Northwest Bank
Aug 1, 2019
—
Mg Bothell Properties LLC
—
Deed
related
$4,905,319 · Veristone Fund I LLC
Jan 30, 2019
—
Mg Lynnwood Properties LLC
—
Grant Deed
related
$4,708,633 · Veristone Fund I LLC
Aug 1, 1990
$500,000
Gw Dev Ptnrs
Unknown
Grant Deed
—
—
—
Mvh-monroe Properties LLC
—
Deed Of Trust
related
$316,600 · First Savings Bank
—
—
Mvh-monroe Properties LLC
—
Deed Of Trust
related
$375,099 · First Savings Bank
—
—
Gw Development Partners LP
—
Deed Of Trust
related
$55,000 · West Coast Land & Investments
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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