Storefront Commercial
For Sale
$749,900
325 Main Street, Auburn, WA 98002
Main Street commercial property with flexible space for retail, office, service, or nonprofit uses.
Property Size3,000 SF
Price / SF$249.97
Days on Market67
Property Features for 325 Main Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,664
Amenities
3
Building Details
Year Built
1954
Building Size
3,000 SF
Tenancy
Single
Listing Agency:
Newberry Realty Renton
(425) 282-5402
Listed By:
Fekade Tessema-Barke
Source:
Xome
Added: Jul 1
Changed: Sep 4
Last Checked: Sep 5 at 6:09AM
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 Newberry Realty Renton
Investment Insights
Based on property information with market context.
This 3,000 SF storefront commercial building, constructed in 1954, combines an existing church tenancy with additional space suited to owner occupancy or another rental arrangement. The property supports flexible commercial use and may accommodate retail, service, medical, professional office, or nonprofit operations as described in the available information.
Positioned at 325 Main Street in downtown Auburn, the building benefits from a central Main Street setting and access to SR-167 and Highway 18. Its configuration provides an opportunity to maintain the existing tenancy while utilizing or leasing the remaining area, subject to the applicable requirements for the intended use.
Positioned at 325 Main Street in downtown Auburn, the building benefits from a central Main Street setting and access to SR-167 and Highway 18. Its configuration provides an opportunity to maintain the existing tenancy while utilizing or leasing the remaining area, subject to the applicable requirements for the intended use.
Key Highlights
- 3,000 SF commercial building
- Constructed in 1954
- 325 Main Street location in downtown Auburn
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,261
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,265,220
$1.3M
Cap Rate 7%
$903,729
$903.7K
Cap Rate 9%
$702,900
$702.9K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$108.0K $36.00/SF
− Vacancy
−$23.7K −$7.88/SF
EGI
$84.3K $28.12/SF
− OpEx
−$21.1K −$7.03/SF
NOI
$63.3K $21.09/SF
Area
King County, WA
Vacancy
21.90%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,265,220
Cap Rate 7%
$903,729
Cap Rate 9%
$702,900
Alternative Uses
Best Use
Office B
$903.7K
$790.8K – $1.05M
NOI $63,261 @ 7.0% cap · market cap 8.44%
Second Best
Retail
$766.7K
$670.8K – $894.4K
NOI $53,666 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,110 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Main Street commercial property with flexible space for retail, office, service, or nonprofit uses.
Where is this storefront property located?
The property is located at 325 Main Street Auburn, WA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 3,000 SF commercial building; Constructed in 1954; 325 Main Street location in downtown Auburn
