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Property profile & analytics
OFF-MARKET
Estimated value
$2,055,000
Warehouses
1215 Vly N Hwy Auburn, WA 98001-4122
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1548312
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
STEEL FRAME
Total area
11,000 SF
Lot
4.47 ac (194,713 SF)
Zoning code
M1
APN
112104-9031
UPID
US90-1548312
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
-
Harlow's Bus Sales School Bus Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.25M
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$2.06M
Owner & transaction history
Auburn 1215 LLC · 5 yrs held
Auburn 1215 LLC
since 2021
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
M1 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.2M
+49.8%
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
$2,155,000
ML approach
$2,245,000
CAP Approach
CAP Return
Estimation
6%
$2,240,000
6.5%
$2,065,000
7%
$1,920,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,130,000
Current use
OFFICE BUILDING
$3,190,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$2.06M
Range $1.85M – $2.26M · ±10% · vs last sale $2.00M (Feb 4 2021)
Last sale anchor
$2.00M
Feb 4 2021
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
$187 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$25,757
Tax year 2022
Assessed value
$1,972,200
Assessed 2022
Previous assessed
$1,972,200
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,499,200
Assessed improvement
$473,000
Land market value
$1,499,200
Improvement market value
$473,000
Total market value
$1,972,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
SPACE
Buildings
3
Stories
1
Total area
11,000 SF
Lot
4.47 ac (194,713 SF)
Zoning code
M1
APN
112104-9031
UPID
US90-1548312
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Auburn, WAZoning M1 · permitted uses
M1 · 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
WAREHOUSE, STORAGE Current
Est. value
$2.1M
OFFICE BUILDING
Est. value
$3.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1985
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
3
Lot
4.47 ac
Current owner
From public records · entity-resolved
Auburn 1215 LLC
Entity
Mailing address
2711 W VLY HWY N STE #200, AUBURN, WA 98001-1662
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2024
—
Auburn 1215 LLC
—
Deed
related
$300,000 · Global FCU
Feb 4, 2021
$2,000,000
Auburn 1215 LLC
Store Master Funding III LLC
Bargain And Sale Deed
$1,650,000 · Alaska USA FCU
Aug 17, 2017
—
Store Master Funding III LLC
Store Master Funding Xiii LLC
Quit Claim Deed
—
Mar 17, 2017
$1,750,000
Store Master Funding Xiii LLC
Aim Aerospace Auburn INC
Warranty Deed
$1,750,000 · Citibank NA
May 3, 2016
—
Aim Aerospace Auburn INC
—
Deed
related
$45,000,000 · Carlyle Gms Finance INC
Jul 11, 2007
—
Carl R Haglund
Columbia City Condos 2 LLC
Quit Claim Deed
related
—
Jul 11, 2007
$1,410,000
Aim Aviation Auburn INC
Haglund,carl R
Warranty Deed
—
Oct 16, 2006
—
Columbia City Condos 2 LLC
Haglund,carl
Quit Claim Deed
related
—
Mar 22, 1990
$325,000
Carl R Haglund
Erinco, INC
Grant Deed
$325,000 · Washington Mutual Fsb
—
—
Aim Aerospace Auburn INC
—
Deed Of Trust
related
$45,000,000 · Carlyle Gms Finance INC
—
—
Aim Aerospace Auburn INC
—
Deed Of Trust
related
$80,000,000 · Antares Cap
—
—
Carl R Haglund
—
Deed Of Trust
related
$820,000 · Northstar Bank
—
—
Carl R Haglund
—
Deed Of Trust
related
$455,000 · First Mutual Savings Bank
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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