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Property profile & analytics
OFF-MARKET
Estimated value
$3,900,000
Turn key restaurants
1002 Outlet Collection SW Way Auburn, WA 98001-6537
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1474975
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2003
Construction
FRAME
Total area
7,217 SF
Lot
1.02 ac (44,340 SF)
Zoning code
C3
APN
030150-0360
UPID
US90-1474975
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
AI Approach
AI
$3.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.63M
Blend (final)
Blend
$3.90M
Owner & transaction history
Kaba Investments LLC · 2 yrs held
Kaba Investments LLC
since 2024
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
C3 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.6M
+27.4%
Commercial (general)
$3.8M
+5.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Auburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburn submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,900,000
ML approach
$3,900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,600,000
Current use
INDUSTRIAL (GENERAL)
$4,585,000
Change: +27% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,790,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$3.90M
Range $3.51M – $4.29M · ±10% · vs last sale $3.90M (May 3 2024)
Last sale anchor
$3.90M
May 3 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$540 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$42,295
Tax year 2024
Assessed value
$3,136,200
Assessed 2023
Previous assessed
$3,136,200
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$1,108,500
Assessed improvement
$2,027,700
Land market value
$1,108,500
Improvement market value
$2,027,700
Total market value
$3,136,200
Applied tax rate
133.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Total area
7,217 SF
Lot
1.02 ac (44,340 SF)
Zoning code
C3
APN
030150-0360
UPID
US90-1474975
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C3 · Auburn, WAZoning C3 · permitted uses
C3 · Auburn, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$3.8M
RESTAURANT Current
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
FRAME
Heating
GAS
Cooling
Yes
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Kaba Investments LLC
Entity
Mailing address
9424 VINEYARD CRST, BELLEVUE, WA 98004-4026
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
$3,900,000
Kaba Investments LLC
Auburn Valley LLC
Warranty Deed
$1,600,000 · Advantis Cu
Sep 24, 2002
—
Auburn Valley LLC
—
Deed Of Trust
related
$2,175,000 · Washington Mutual Fsb
Mar 13, 1998
$5,500,000
Quadrant Corp
Washington Supermall Interest
Trustees Deed
—
May 6, 1994
—
Auburn City
Washington Super
Grant Deed
related
—
Oct 25, 1993
$2,241,000
Supermall Interests C Washington
Hapsmith-propert
Grant Deed
—
Jan 30, 1990
$2,241,000
Proerties Hapsmith IV
Horbach
Grant Deed
—
—
—
Auburn Valley LLC
—
Deed Of Trust
related
$2,000,000 · Marcus L Zanner
—
—
Auburn Valley LLC
—
Deed Of Trust
related
$290,000 · Washington Mutual Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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