Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    44Th Ave Auburn, WA 98001
    Back to Search
    Property profile & analytics

    44Th Ave Auburn, WA 98001

    View on Map
    • Land
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 44Th Ave

    Lot size
    1.00 lot acres
    Property type
    Land

    Description

    This exceptional 1-acre property in Auburn, Washington, presents a unique opportunity for building a custom home or future development. Located near Lake Dolloff, this lot offers seclusion and privacy while remaining conveniently close to the amenities of Federal Way and other nearby cities, providing easy access to shopping, dining, and entertainment. The property boasts a mostly flat terrain of 43,560 square feet, with some slope along the northern boundary. Its R4 zoning allows for the construction of up to four single-family dwelling units per acre after subdivision, making it an attractive investment opportunity. Utilities are readily available, with power and water accessible in the street. Note that gas is not available, and a septic system will be required for sewer. Access to the property involves crossing Mill Creek and navigating an overgrown easement along the southern property line. The property is being sold "as-is," and potential buyers are responsible for verifying the feasibility of their building plans. No prior studies have been conducted on the land. The property's address is 318 XX 44th Ave NE, Auburn, WA 98001, with the APN 4014400207. Easy access to I-5 via S 320th St. is a significant advantage. There is no signage on the property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    King
    State
    Washington
    Longitude
    -122.28
    Latitude
    47.2611

    Comparable in this City

    • Value Estimation by Request
      0.36 Acres

      534 Aaby Dr

      Land • 0.36 Acres
      534 Aaby Dr, Auburn, WA 98001
      View Details
    • Value Estimation by Request
      1,500 SF

      121 49Th St

      Land • 1,500 SF
      121 49Th St, Auburn, WA 98001
      View Details
    • Value Estimation by Request
      2.31 Acres

      121 49Th St

      Land • 2.31 Acres
      121 49Th St, Auburn, WA 98001
      View Details
    • Value Estimation by Request
      3,008 SF

      429 1St Ave

      Multifamily properties • 3,008 SF
      429 1St Ave, Algona, WA 98001
      View Details
    • Value Estimation by Request
      0.11 Acres

      35826 46th S Ave

      VACANT COMMERCIAL LAND • 0.11 Acres
      35826 46th S Ave, Auburn, WA 98001
      View Details
    • Value Estimation by Request
      0.06 Acres

      Auburn, WA 98001

      VACANT COMMERCIAL LAND • 0.06 Acres
      Auburn, WA 98001
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      797,584 SF

      Land Parcel in Auburn, WA

      Large land parcel available in Auburn, Washington.
      322 44Th St SW, Auburn, WA 98001
      View Details
    • Contact for pricing

      Land For Sale Auburn

      Land available for sale at 922 W Main St, Auburn, WA.
      922 W Main St, Auburn, WA 98001
      View Details
    • Contact for pricing

      Land For Sale Auburn

      Land available for sale in Auburn, Washington.
      6214 S 287Th St, Auburn, WA 98001
      View Details
    • $3,000,000
      402,350 SF

      Federal Way Land Opportunity

      Large land parcel available in Federal Way, Washington.
      3600 S 320Th St, Federal Way, WA 98001
      View Details
    • $925,000
      18,000 SF

      Historic Auburn Apartment Building Investment

      Six-unit apartment building in downtown Auburn with redevelopment potential.
      506 1St St SW, Auburn, WA 98001
      View Details

    Similar Nearby for Lease

    • $0.47 SF/Yr
      196,020 SF

      Land Available For Lease

      Land for lease in Auburn, WA, with 196020 square feet.
      47 37Th St NE, Auburn, WA 98001
      View Details
    • Contact for pricing

      Commercial Lot on Auburn Way

      Commercial lot in Auburn, water and sewer in street.
      223 3Rd St NE, Auburn, WA 98001
      View Details
    • Contact for pricing
      7,536 SF

      Commercial Land with Office/Shop Space

      Fenced, graveled/paved land with office and shop space for rent.
      1201 37Th St NW, Auburn, WA 98001
      View Details
    • Contact for pricing

      Retail Pad Site with Drive-Through

      New multi-tenant pad building with end cap double drive-through.
      1101 Outlet Collection Way, Auburn, WA 98001
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center

      Shopping center in growing Lakeland Hills neighborhood near Lake Tapps.
      1404-1416 Lake Tapps Pkwy E, Auburn, WA 98001
      View Details
    • Contact for pricing

      Auburn Warehouse Space Available

      Warehouse space for rent with highway access in Auburn.
      1620 Industry Dr SW, Auburn, WA 98001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    44Th Ave
    Auburn, WA 98001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    44Th Ave, Auburn, WA, 98001
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!