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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Warehouses
1234 37th NW St Auburn, WA 98001-2416
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0469438
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,380 SF
Lot
0.99 ac (43,294 SF)
Zoning code
M1
APN
158060-0030
UPID
US90-0469438
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
-
Nu-Ray Metal Products Roofing Company General Contractor
-
Tesla's Gas Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$995k
Owner & transaction history
Theresa Bankers · 2 yrs held
Theresa Bankers
since 2023
Last sale
$985,000
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
Method
Estimation
Statistic approach
$940,000
ML approach
$1,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $985k (Oct 31 2023)
Last sale anchor
$985k
Oct 31 2023
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
$47 / 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
$35,876
Tax year 2022
Assessed value
$2,906,000
Assessed 2022
Previous assessed
$2,906,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$606,100
Assessed improvement
$2,299,900
Land market value
$606,100
Improvement market value
$2,299,900
Total market value
$2,906,000
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Bathrooms
1
Total area
21,380 SF
Lot
0.99 ac (43,294 SF)
Zoning code
M1
APN
158060-0030
UPID
US90-0469438
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
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Bathrooms
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Theresa Bankers
Individual
Mailing address
1234 37TH ST NW, AUBURN, WA 98001-2416
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
—
Theresa Bankers
Timothy M Bankers
Intrafamily Transfer
related
—
Apr 11, 2013
$309,000
Timothy M Bankers
Davies,donald J & Shannon
Quit Claim Deed
related
—
May 19, 2004
—
Timothy M Bankers
Bankers Trust
Quit Claim Deed
related
—
Mar 28, 2001
—
Bankers Trust
Bankers,michael D
Quit Claim Deed
related
—
Apr 14, 1998
—
West Valley Partners LLC
Seattle Mortgage Co
Quit Claim Deed
related
—
Apr 10, 1998
$985,000
Bankers,timothy & Theresa
West Valley Partners LLC
Trustees Deed
$700,000 · Executive House INC
Mar 9, 1998
$1,109,689
Timothy M Bankers
West Valley Partners LLC
Grant Deed
$825,000 · Executive House INC
Nov 5, 1997
$280,000
West Valley Partners LLC
Mclean,mark R
Grant Deed
$710,000 · Seattle Mortgage Co
—
—
Timothy Bankers
—
Loan Modification
related
$700,000 · Us Bk
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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