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Property profile & analytics
FOR LEASE
Distribution centers
1220 37Th St NW, Auburn, WA 98001
Entity Owned
20-yr Hold
Free & Clear
Property ID
US90-1118488
For Lease
1 / 4
$6,530,000
1220 37Th St NW, Auburn, WA 98001
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
58,597 SF
Lot
3.3 ac (143,710 SF)
Zoning code
M1
APN
158060-0028
UPID
US90-1118488
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
-
Vestcom (Bike/Boat/Book/etc) Store Printing Service
-
Fireside Home Solutions Corporate Office
-
PPG Paint Store Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.53M
Owner & transaction history
Harsch Investment Realty LLC · 20 yrs held
Harsch Investment Realty LLC
since 2005
7 recorded transactions
Zoning & alternative use
M1 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$111 / 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
$114,436
Tax year 2022
Assessed value
$9,590,700
Assessed 2022
Previous assessed
$9,590,700
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$2,011,900
Assessed improvement
$7,578,800
Land market value
$2,011,900
Improvement market value
$7,578,800
Total market value
$9,590,700
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Bathrooms
1
Total area
58,597 SF
Lot
3.3 ac (143,710 SF)
Zoning code
M1
APN
158060-0028
UPID
US90-1118488
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Auburn, WA
Zoning M1 · permitted uses
M1 · Auburn, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Auburn. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Bathrooms
1
Lot
3.3 ac
Current owner
From public records · entity-resolved
Harsch Investment Realty LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 2708, PORTLAND, OR 97208-2708
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2005
—
Harsch Investment Realty LLC
Nshe Delmont LLC
Grant Deed
—
Jul 15, 2005
$11,650,000
Nshe Delmont LLC
Fuchs,john R
Warranty Deed
$8,737,500 · Bank Of America
May 11, 2005
—
Timothy Bankers
Fuchs,john R
Quit Claim Deed
related
—
Oct 6, 2000
—
Auburn City (wa)
West Park Corporate Campus LLC
Grant Deed
related
—
Oct 27, 1999
—
Westpark Corporate Campus LLC
West Valley Partners LLC
Quit Claim Deed
related
—
Nov 26, 1997
$1,345,000
West Valley Partners LLC
Uhlman,wes
Grant Deed
$1,145,000 · Seller
May 22, 1991
$801,068
Wes Uhlman
Primero
Grant Deed
$536,700 · Seller
—
—
Harsch Inv Realty LLC E
—
Deed Of Trust
related
$15,100,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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