122 3rd NE St Auburn, WA 98002-4008
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DUC · Auburn, WAAuburn. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.