Mixed-Use Building with Office
For Sale
$1,280,000
1020 A, Auburn, WA 98002
Second-floor office layout within a mixed-use property currently 60% occupied and producing a 7.00% in-place cap rate.
Property SizeContact for details
Days on Market199
Property Features for 1020 A
General Information
Standard status
Active
Property subtype
Commercial
Occupancy
60%
Site & Location
Traffic Count
25,000 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
7%
Building Details
Year Built
1979
Listing Agency:
Kidder Mathews
Listed By:
Kevin G. Verger · License #26206
(360) 705-2800
Source:
Century21northhomes
Added: Apr 6
Changed: Oct 19
Last Checked: Oct 19 at 9:27AM
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 Kidder Mathews
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Investment Insights
Based on property information with market context.
This mixed-use property includes second-floor office suites with an established base of tenants. The building is currently 60% occupied and is generating a 7.00% in-place cap rate, supporting immediate income from existing occupancy. The remaining space presents a lease-up pathway for potential additional revenue, or the option for an owner-user to occupy while offsetting costs with rental income from current tenants.
The property is positioned for strong visibility to 25,000+ average daily vehicles. It is also located just minutes from SR 167, with convenient access to SR 18, I-5, and I-405, supporting regional connectivity for employees and customers.
The property is positioned for strong visibility to 25,000+ average daily vehicles. It is also located just minutes from SR 167, with convenient access to SR 18, I-5, and I-405, supporting regional connectivity for employees and customers.
Key Highlights
- Second‑floor office layout in a mixed‑use property built in 1979
- Currently 60% occupied and producing a 7.00% in‑place cap rate
- Value‑add through lease‑up of the remaining office suites currently not occupied
Property Analytics
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Current Use
Lease Details
25,000 VPD
Traffic count
60%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
810
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office layout within a mixed-use property currently 60% occupied and producing a 7.00% in-place cap rate.
Where is this office unit located?
The property is located at 1020 A Auburn, WA.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Second‑floor office layout in a mixed‑use property built in 1979; Currently 60% occupied and producing a 7.00% in‑place cap rate; Value‑add through lease‑up of the remaining office suites currently not occupied
