Concrete Warehouse with Fenced
For Sale
$3,300,000
4302 B, Auburn, WA 98001
The property combines warehouse space, conditioned offices, available power, and a secured outdoor area for parking and storage.
Property Size12,000 SF
Price / SF$275
Days on Market95
Property Features for 4302 B
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Commercial
Zoning
M1
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
16 ft
Building Details
Year Built
1986
Building Size
12,000 SF
Construction
tilt-up concrete
Listing Agency:
Skyline Properties, Inc., Phil Friend of Skyline Properties, Inc.
Listed By:
Christopher Studebaker
(253) 677-2029
Source:
Skylineproperties
Added: Jul 21
Changed: Oct 21
Last Checked: Oct 20 at 11:39PM
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 Skyline Properties, Inc., Phil Friend of Skyline Properties, Inc.
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Investment Insights
Based on property information with market context.
Located at 4302 B Street NW, the property includes a 12,000 SF concrete tilt warehouse with 16-foot clear height and 8 roll-up doors. Approximately 15–20% of the building is configured as air-conditioned office space. A roof replacement was completed 8 years ago, and the site includes a fenced parking and storage yard with plenty of power available.
The property is near Auburn Way N and S 277th St, with access to Hwy 167 and I-5. M1 zoning supports its industrial positioning, while the combination of warehouse, office, yard, and loading features provides a practical physical configuration for commercial operations.
The property is near Auburn Way N and S 277th St, with access to Hwy 167 and I-5. M1 zoning supports its industrial positioning, while the combination of warehouse, office, yard, and loading features provides a practical physical configuration for commercial operations.
Key Highlights
- 12,000 SF concrete tilt warehouse
- 16 foot clear height with 8 roll up doors
- Approximately 15‑20 % office space with air conditioned offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,279
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,445,580
$3.4M
Cap Rate 7%
$2,461,129
$2.5M
Cap Rate 9%
$1,914,211
$1.9M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$330.5K $27.54/SF
− Vacancy
−$65.4K −$5.45/SF
EGI
$265.0K $22.09/SF
− OpEx
−$92.8K −$7.73/SF
NOI
$172.3K $14.36/SF
Area
King County, WA
Vacancy
19.80%
Lease Rate
$27.54 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,445,580
Cap Rate 7%
$2,461,129
Cap Rate 9%
$1,914,211
Alternative Uses
Best Use
Flex RnD
$2.46M
$2.15M – $2.87M
NOI $172,279 @ 7.0% cap · market cap 5.22%
Second Best
Warehouse
$2.09M
$1.83M – $2.44M
NOI $146,550 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$4.81M
$4.21M – $5.61M
NOI $336,442 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
16 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98001, WA
36,073
Population
12,369
Households
2.9
Avg Household Size
39
Median Age
28%
College-Educated
87%
High-School Grad
18.6 sq mi
ZIP Area
1,939
Density / Sq Mi
$107,218
Median Household Income
$54,332
Median Earnings
$1,927
Median Rent
$538,800
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
Similar Off Market Nearby
- Hi-Top Storage, LLC. — 600 35th St NE, Auburn, WA 98002
- Public Storage — 3624 Auburn Way N, Auburn, WA 98002
- A2B Moving & Storage LLC — 4230 B St NW, Auburn, WA 98001
- Mckinney Trailer Rentals — 4530 B St NW D, Auburn, WA 98001
- Self-Storage at U-Haul — 5110 Frontage Rd NW, Auburn, WA 98001
Frequently Asked Questions
What type of property is this?
Warehouse - The property combines warehouse space, conditioned offices, available power, and a secured outdoor area for parking and storage.
Where is this warehouse located?
The property is located at 4302 B Auburn, WA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 12,000 SF concrete tilt warehouse; 16 foot clear height with 8 roll up doors; Approximately 15‑20 % office space with air conditioned offices
