Concrete Warehouse with Fenced
New
For Sale
Contact for pricing
4302 B Street NW, 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 Market4
Property Features for 4302 B Street NW
General Information
Standard status
Active
Size
12,000 SF
Property subtype
INDUSTRIAL
Zoning
M1
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
16 ft
Building Details
Building Size
12,000 SF
Construction
tilt-up concrete
Listing Agency:
Skyline Properties, Inc
(206) 713-4125
Listed By:
Phil Friend · License #73126
(206) 713-4125
Source:
Moodyscre
Added: Aug 18
Changed: Aug 21
Last Checked: Aug 21 at 2:07PM
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
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 = 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
$172,279
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
5.22%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Public Storage — 3624 Auburn Way N, Auburn, WA 98002
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- A2B Moving & Storage LLC — 4230 B St NW, Auburn, WA 98001
- Mckinney Trailer Rentals — 4530 B St NW D, 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 Street NW 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
