Remodeled First-Floor Office
New
For Sale
Contact for pricing
824 E Main St, Auburn, WA 98002
Office space includes on-site parking and a Main Street sign location.
Property Size1,078 SF
Price / SF$500
Days on Market3
Property Features for 824 E Main St
General Information
Standard status
Active
Size
1,078 SF
Property subtype
OFFICE
Additional Details
Floor
First Floor
Asking Price
$539,000
Property Use
Office
Amenities
Main Street signage
Listing Agency:
The Andover Company, Inc.
(206) 244-0770
Listed By:
Arne Svendsen
(206) 336-5331
Source:
Moodyscre
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 4:15PM
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 The Andover Company, Inc.
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Investment Insights
Based on property information with market context.
This 1,078-square-foot office unit occupies the first floor and has been remodeled. The property includes an on-site parking lot and Main Street signage. It is located at 824 E Main St in Auburn, Washington.
Key Highlights
- 1,078 square feet of first‑floor office space
- Remodeled office interior
- On‑site parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,732
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,640
$454.6K
Cap Rate 7%
$324,743
$324.7K
Cap Rate 9%
$252,578
$252.6K
Market Conditions
NOI Build-Up for 1,078 SF
Gross rent
$38.8K $36.00/SF
− Vacancy
−$8.5K −$7.88/SF
EGI
$30.3K $28.12/SF
− OpEx
−$7.6K −$7.03/SF
NOI
$22.7K $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 Rate 5%
$454,640
Cap Rate 7%
$324,743
Cap Rate 9%
$252,578
Alternative Uses
Best Use
Office B
$324.7K
$284.2K – $378.9K
NOI $22,732 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$431.8K
$377.8K – $503.7K
NOI $30,224 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,927
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office space includes on-site parking and a Main Street sign location.
Where is this office unit located?
The property is located at 824 E Main St Auburn, WA.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: 1,078 square feet of first‑floor office space; Remodeled office interior; On‑site parking lot
