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Property profile & analytics
FOR LEASE
Medical Office Space

121 N Division St Auburn, WA 98001

43,399 SF 0.94 ac lot Built 2009
Individually Owned 13-yr Hold Absentee Owner Free & Clear
Property ID
US90-0784104
Property summary
AI-generated overview

This exceptional medical office space, located at 121 N Division Street in Auburn, Washington, offers a prime opportunity for healthcare professionals seeking a well-appointed and conveniently located practice. The Auburn Regional Medical Plaza, built in 2009, boasts a total of 43,399 square feet and is situated in the heart of King County. Multiple tenancy options are available, with spaces ranging from a minimum of 1,367 square feet to a maximum contiguous space of 2,748 square feet. Currently, there are 4,115 square feet of vacant space ready for immediate occupancy. The building's modern design and prime location provide excellent visibility and accessibility for patients and staff. This is an ideal setting for a variety of medical practices, offering a professional and efficient environment. The property's convenient location in Auburn, WA, 98002, ensures easy access for patients and employees. The building's modern design and amenities create a welcoming and productive atmosphere. This is a rare opportunity to secure high-quality medical office space in a thriving community. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2009
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 43,399 SF
Lot 0.94 ac (40,833 SF)
Zoning code DUC
APN 049200-0305
UPID US90-0784104
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
Current use
Occupant on record · Public records
  • Dr. Xinda D. Wang, MD Physician
  • Dr. Nicole L. Grous, MD Physician
  • Peter Kwon Physician Medical Clinic
  • Ms. Ashley Okada Physician
  • Ms. Suzette Gagnon-Bailey Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.28M
Owner & transaction history
Multicare Health System · 13 yrs held
Multicare Health System
since 2012
5 recorded transactions
2024
Price N/A
2012
$70.1M
2009
Price N/A
1999
Price N/A
1988
$1.5M
Zoning & alternative use
DUC · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

theast Auburn Special Area Plan and Auburn Gateway Planned Action 18.09 R-MHC Manufactured/Mobile Home Community Zone 18.21 Overlays 18.23 Commercial and Industrial Zones 18.25 Middle Housing Development Standards 18.29 DUC Downtown Urban Center District 18.31 Supplemental Development Standards 18.32 Accessory Dwelling Unit Development Standards 18.35 Specia…

Zone name Downtown Urban Center
General category CIVIC_INSTITUTIONAL
Zone area 167.83 ac
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