Manufacturing Building With Additional Site
For Sale
Contact for pricing
38629 Auburn Enumclaw Rd SE, Auburn, WA 98092
Manufacturing property with office space, additional land, and an RV pad.
Property Size9,718 SF
Price / SF$123.48
Days on Market141
Property Features for 38629 Auburn Enumclaw Rd SE
General Information
Standard status
Active
Size
9,718 SF
Property subtype
INDUSTRIAL
Listing Agency:
NWC - KV LLC
(253) 779-8400
Listed By:
Theron Meier
(253) 988-2649
Source:
Moodyscre
Added: May 28
Changed: Oct 11
Last Checked: Oct 15 at 12:40AM
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 NWC - KV LLC
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Investment Insights
Based on property information with market context.
The property includes 9,718 SF of available space, with 1,164 SF allocated to office area. Improvements date to 1950 and include manufacturing facilities along with an RV pad on the additional site area.
The combined property encompasses approximately 3.28 acres across two parcels. Parcel A contains approximately 2.03 acres, while Parcel B contributes approximately 1.26 acres of land. The property is zoned MIT and includes additional site area for industrial operations or related improvements.
The combined property encompasses approximately 3.28 acres across two parcels. Parcel A contains approximately 2.03 acres, while Parcel B contributes approximately 1.26 acres of land. The property is zoned MIT and includes additional site area for industrial operations or related improvements.
Key Highlights
- 9,718 SF of available space
- 1,164 SF office area
- Combined site totals ±3.28 Acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,737
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,954,740
$2.0M
Cap Rate 7%
$1,396,243
$1.4M
Cap Rate 9%
$1,085,967
$1.1M
Market Conditions
NOI Build-Up for 9,718 SF
Gross rent
$151.6K $15.60/SF
− Vacancy
−$12.0K −$1.23/SF
EGI
$139.6K $14.37/SF
− OpEx
−$41.9K −$4.31/SF
NOI
$97.7K $10.06/SF
Area
King County, WA
Vacancy
7.90%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,954,740
Cap Rate 7%
$1,396,243
Cap Rate 9%
$1,085,967
Alternative Uses
Best Use
Industrial
$1.40M
$1.22M – $1.63M
NOI $97,737 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.89M
$3.41M – $4.54M
NOI $272,462 @ 7.0% cap · market cap 22.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 98092, WA
50,258
Population
17,532
Households
2.9
Avg Household Size
36
Median Age
35%
College-Educated
92%
High-School Grad
42.9 sq mi
ZIP Area
1,172
Density / Sq Mi
$116,614
Median Household Income
$57,853
Median Earnings
$1,870
Median Rent
$594,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing property with office space, additional land, and an RV pad.
Where is this manufacturing property located?
The property is located at 38629 Auburn Enumclaw Rd SE Auburn, WA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 9,718 SF of available space; 1,164 SF office area; Combined site totals ±3.28 Acres
