Property summary
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
VerifiedCap rate & NOI
Current use
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Physician Medical Clinic
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Physician
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Physician
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
DUC · Auburn, WAtheast 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DUC in Auburn, WA.
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- Property Ownership
- Basic report summary
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- Value Estimation
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- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning