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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Commercial real estate
1402 Auburn N Way Auburn, WA 98002-3384
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0766729
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,648 SF
Lot
0.4 ac (17,425 SF)
Zoning code
C1
APN
000100-0022
UPID
US90-0766729
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
-
Absolute Outreach Society Church Mosque
-
Kumplex Media Group LLC Media Distribution
-
Ez Mart Grocery & Convenience Store
-
American Veteran's Employment Marketing & Advertising Advertising Agency
-
UPS Authorized Shipping Outlet Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.62M
CAP Approach
CAP
$940k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
Songs Family Investment Company LLC · 1 yrs held
Songs Family Investment Company LLC
since 2025
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
C1 · 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
$1,490,000
ML approach
$1,620,000
CAP Approach
CAP Return
Estimation
6%
$1,015,000
6.5%
$940,000
7%
$870,000
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.45M (Mar 28 2025)
Last sale anchor
$1.45M
Mar 28 2025
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
$411 / 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
$8,573
Tax year 2022
Assessed value
$747,600
Assessed 2022
Previous assessed
$747,600
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$261,300
Assessed improvement
$486,300
Land market value
$261,300
Improvement market value
$486,300
Total market value
$747,600
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Total area
3,648 SF
Lot
0.4 ac (17,425 SF)
Zoning code
C1
APN
000100-0022
UPID
US90-0766729
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Auburn, WA
Zoning C1 · permitted uses
C1 · 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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Songs Family Investment Company LLC
Entity
Mailing address
1652 25TH PL NE2O2, ISSAQUAH, WA 98029-2607
Ownership since
2025
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
Mar 28, 2025
$1,450,000
Songs Family Investment Company LLC
Pyxis Property Investment LLC
Warranty Deed
$1,000,000 · Hanmi Bank
May 7, 2014
$750,000
Pyxis Property Investment LLC
Perkins,elfriede M
Warranty Deed
—
Jul 31, 1992
—
The Perkins Family Trust
Perkins,donald W
Grant Deed
related
—
—
—
Elfriede M Perkins
—
Deed Of Trust
related
$126,000 · Key Bank NA
—
—
Perkins Trust
—
Deed Of Trust
related
$75,000 · Cascade Community Bank
—
—
Perkins Trust
—
Deed Of Trust
related
$126,093 · Cascade Community Bank
—
—
Sung M Kwon
—
Deed Of Trust
related
$204,300 · City Bank
—
—
Elfriede M Perkins
—
Deed Of Trust
related
$150,000 · City Bank
—
—
Perkins Trust
—
Deed Of Trust
related
$95,485 · Cascade Community Bank
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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