Three-Story Retail
New
For Sale
$4,500,000
102 West Main St, Auburn, WA 98002
Positioned on West Main Street, the property fronts Auburn’s primary retail and pedestrian corridor.
Property Size16,671 SF
Price / SF$269.93
Days on Market1
Property Features for 102 West Main St
General Information
Standard status
Active
Size
16,671 SF
Property subtype
Retail
Building Details
Year Built
2003
Buildings
1
Stories
3
Listing Agency:
NAI Puget Sound Properties
Listed By:
Mark Thygesen
(206) 650-6006
Source:
Nai-psp
Added: Oct 19
Last Checked: Oct 19 at 2:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Puget Sound Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story retail property at 102 West Main St was built in 2003. Its multi-level configuration provides leasable space suited to retail use.
The building is situated on West Main Street, identified as Auburn’s main retail and pedestrian corridor. Street parking and nearby public lots serve the area, with surrounding amenities and transportation accessible from the property.
The building is situated on West Main Street, identified as Auburn’s main retail and pedestrian corridor. Street parking and nearby public lots serve the area, with surrounding amenities and transportation accessible from the property.
Key Highlights
- Three‑story retail property
- Built in 2003
- Located on West Main Street, Auburn’s primary retail and pedestrian corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$298,222
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,964,440
$6.0M
Cap Rate 7%
$4,260,314
$4.3M
Cap Rate 9%
$3,313,578
$3.3M
Market Conditions
NOI Build-Up for 16,671 SF
Gross rent
$440.1K $26.40/SF
− Vacancy
−$14.1K −$0.84/SF
EGI
$426.0K $25.56/SF
− OpEx
−$127.8K −$7.67/SF
NOI
$298.2K $17.89/SF
Area
King County, WA
Vacancy
3.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,964,440
Cap Rate 7%
$4,260,314
Cap Rate 9%
$3,313,578
Alternative Uses
Best Use
Retail
$4.26M
$3.73M – $4.97M
NOI $298,222 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.68M
$5.84M – $7.79M
NOI $467,401 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,787
Businesses Nearby
228k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 27%
Dining 21%
Hotels & Casinos 2%
Safeway
Groceries
49,405 visits/mo
0.3 miles
Safeway Gas
Shops & Services
34,387 visits/mo
0.4 miles
Burger King
Dining
14,413 visits/mo
0.4 miles
Bank of America
Shops & Services
13,258 visits/mo
0.3 miles
Grocery Outlet Bargain Market
Groceries
12,052 visits/mo
0.4 miles
Demographics for 98002, WA
38,474
Population
15,279
Households
2.5
Avg Household Size
36
Median Age
18%
College-Educated
84%
High-School Grad
7.2 sq mi
ZIP Area
5,344
Density / Sq Mi
$77,714
Median Household Income
$44,616
Median Earnings
$1,613
Median Rent
$397,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Positioned on West Main Street, the property fronts Auburn’s primary retail and pedestrian corridor.
Where is this retail space located?
The property is located at 102 West Main St Auburn, WA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Three‑story retail property; Built in 2003; Located on West Main Street, Auburn’s primary retail and pedestrian corridor
