Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1201 Auburn Way S Auburn, WA 98002

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land available for purchase or lease on Auburn Way.

    Lot size:
    0.44 Acres

    Property Features for 1201 Auburn Way S

    General Information

    Lot size
    0.44 Acres

    We can help!

    Listing Contact
    Ryan Olson
    Ryan Olson
    Source: Moodyscre

    Listing Agent: Ryan Olson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Land on Auburn Way

    This .44-acre commercial land is available for purchase or lease. Situated at a four-way intersection on Auburn Way South, the location benefits from high traffic volume, with approximately 33,000 vehicles passing by daily. The pad site features two entrances and significant frontage on Auburn Way South. It is zoned C-1 Light Commercial and is located directly across the street from a new Multi Care Site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trader Magees Jewelry Buyer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    King
    State
    Washington
    Longitude
    -122.2177668
    Latitude
    47.2969956

    Nearby Similar for Sale

    • $1,100,000
      0.39 Acres

      Auburn Corner Lot with Income

      Corner lot with high visibility and income-generating espresso stand.
      34049 Military Rd S, Auburn, WA 98001
      View Details
    • $2,300,000
      8,100 SF

      Downtown Auburn Investment Opportunity

      Mixed-use property with restaurant, retail, and residential units for sale.
      104-112 E Main St, Auburn, WA 98001
      View Details
    • $3,895,000
      15 SF

      Well-Maintained Auburn Apartment Community

      16-unit apartment community built in 1988 on a 26,875-SF lot.
      3601 I St NE | Auburn, Auburn, WA 98002
      View Details
    • $925,000
      18 SF

      Historic Auburn Apartment Building Investment

      Six-unit apartment building in downtown Auburn with redevelopment potential.
      506 1St St SW | Auburn, Auburn, WA 98001
      View Details
    • $1,895,000
      1 SF

      Auburn Retail/Office Investment Property

      10,900 SF fully leased retail/office building in Auburn, WA.
      2 Auburn Way N, Auburn, WA 98002
      View Details
    • $699,950
      2,540 SF

      Value-Add Duplex in Auburn

      Spacious duplex with income potential in a desirable Auburn location.
      402 4Th St SE, Auburn, WA 98002
      View Details
    • $1,200,000

      Well-Kept Auburn 6-Plex

      Updated 6-unit complex near schools, shopping, and transit.
      425 H St NE, Auburn, WA 98002
      View Details
    • $285,000
      928 SF

      Northwest Home with Mountain Views

      Split-entry home with views, spacious layout, and convenient location.
      2520 S St, Auburn, WA 98003
      View Details
    • $98,950
      960 SF

      Auburn Manor Home for Sale

      Two-bedroom home in all-age park with amenities, convenient location.
      210 37Th St SE, Auburn, WA 98002
      View Details
    • $1,195,000

      Contemporary Office Building in Auburn

      Modern office building with customizable layouts in Auburn, Washington.
      918 A St SE, Auburn, WA 98002
      View Details
    • $289,500
      750 SF

      Lakeland Hills Top-Floor Condo

      Charming one bedroom condo with garage in Lakeland Hills.
      5922 Lindsay Ave SE, Auburn, WA 98092
      View Details
    • Contact for pricing
      61,080 SF

      Auburn Warehouse/Distribution Sublease Opportunity

      Warehouse/distribution facility with office space available for sublease.
      3104 C St NE, Auburn, WA 98002
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land available for purchase or lease on Auburn Way.
    Where is this land located?
    The property is located at 1201 Auburn Way S Auburn, WA.
    What are key features of this property?
    This property features: - Rare 0.44 acre purchase or lease opportunity.; - Located at a four-way intersection on Auburn Way S.; - High traffic volume: **33,000 vehicles per day**.
    (425) 586-5646
    Request Owner's contact information
    1201 Auburn Way S Auburn, WA 98002
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1201 Auburn Way S
    Auburn, WA 98002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1201 Auburn Way S Auburn, WA 98002
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ryan Olson
    Ryan Olson
    Real Estate License ID: WA 19573
    (425) 586-5646
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.