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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 N & 15 Stne Auburn, WA 98002

172,203 SF
Property ID
Property summary
AI-generated overview

Auburn North, a vibrant retail center in King County, Washington, presents an exceptional investment opportunity. Located at the intersection of Auburn Way N. & 15th St. NE, this 172,203 square foot strip center offers multiple tenancy options, with spaces ranging from 1,170 to 21,875 contiguous square feet. Currently, 44,171 square feet are available for lease. The property boasts 603 parking spaces, ensuring ample convenience for customers and employees. This strategically located center benefits from its proximity to major retailers, including LA Fitness, Big 5 Sporting Goods, Office Depot, and Dollar Tree, creating a strong synergy and high foot traffic. A significant opportunity exists with Suite 13, a two-story, stand-alone pad building currently occupied by a bank featuring a drive-thru and excellent visibility on Auburn Way North. Plans are underway to redevelop this space into a multi-tenant building, further enhancing the center's appeal and potential. Auburn, a rapidly growing suburb of Seattle, is the 15th largest city in Washington state, known for its outdoor recreation opportunities and proximity to Mt. Rainier. The property's location is also within one mile of Emerald Downs racecourse, adding to its attractive location and accessibility. This is a rare chance to acquire a well-positioned retail property in a thriving market with significant upside potential. The minimum divisible space is 1,170 square feet.

Property profile
Verified
Property type Retail properties & Spaces
Total area 172,203 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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