Property profile

122 3rd NE St Auburn, WA 98002

OFF-MARKET
Medical Office Space
Property ID
US90-1368952
2,880 SF 0.86 ac lot Built 2006
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This 18,314-square-foot medical office building in Auburn, WA, is available for $7,800,000. Built in 2006, the single-story, Class C building sits on a 63,330-square-foot lot and features a complete medical build-out, ideal for an owner-user or value-add investor. The property boasts 94 parking spaces, a significant advantage in a location often challenged by parking availability. Located at 122 & 144 3rd St NE, Auburn, WA 98002, the building is situated within a thriving medical hub, surrounded by dense residential neighborhoods, ensuring strong patient access. The property is vacant, presenting a turnkey opportunity for a medical practice or investor seeking to capitalize on the area's robust healthcare market. The land value is $122.65 per square foot, and the building price per square foot is $425.90. The property is zoned DUC and has two APNs: 049250-0180, 049250-0135, 049250-0145, 1735800285, 1735800290, and 1735800280. The lease type is Absolute NNN. This represents a compelling value-add opportunity well below replacement cost.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2006
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,880 SF
Lot 0.86 ac (37,536 SF)
Zoning code DUC
APN 049250-0180
UPID US90-1368952

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician
  • Physician
  • Physician
  • Physician

Location

122 3rd NE St Auburn, WA 98002-4008
Auburn metro Census 30501 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.83M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.44M

Owner & transaction history

since 2025
Last sale
$7.2M
7 recorded transactions
2025
$7.2M
2020
Price N/A
2016
Price N/A
1999
$1.0M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

DUC · Auburn, WA
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…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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