Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Retail space
1528 8th NE St Auburn, WA 98002-4612
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1100660
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
WOOD
Total area
1,600 SF
Lot
0.32 ac (13,994 SF)
Zoning code
RO
APN
182105-9214
UPID
US90-1100660
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
-
Legend Aesthetic Distribution and Education High School Vocational School
-
Tax Alternatives Accounting Firm Tax Preparation
-
Looks Salon & Spa Auburn,WA Hair Salon
-
JoAnn's Styling Hair Salon
-
Images Hair Design & Skin Care Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
$440k
Comparable Approach
Comparable
$651k
Blend (final)
Blend
$560k
Owner & transaction history
Meash LLC · 3 yrs held
Meash LLC
since 2022
Last sale
$625,000
6 recorded transactions
Zoning & alternative use
RO · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$840,000
+93.4%
Medical building
$630,000
+45.4%
Auto repair, garage
$550,000
+26.6%
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
$485,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$475,000
6.5%
$440,000
7%
$410,000
Alternative Use
Use
Estimation
RETAIL STORES
$435,000
Current use
COMMERCIAL (GENERAL)
$840,000
Change: +93% · Conversion: Easy
MEDICAL BUILDING
$630,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$550,000
Change: +27% · Conversion: Difficult
WAREHOUSE, STORAGE
$440,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$365,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $625k (Dec 2 2022)
Last sale anchor
$625k
Dec 2 2022
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
$350 / 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
$5,044
Tax year 2022
Assessed value
$430,900
Assessed 2022
Previous assessed
$430,900
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$209,900
Assessed improvement
$221,000
Land market value
$209,900
Improvement market value
$221,000
Total market value
$430,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Construction
WOOD
Heating
FORCED AIR
Buildings
2
Stories
2
Bathrooms
1
Total area
1,600 SF
Lot
0.32 ac (13,994 SF)
Zoning code
RO
APN
182105-9214
UPID
US90-1100660
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RO · Auburn, WA
Zoning RO · permitted uses
RO · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$435,000
COMMERCIAL (GENERAL)
Est. value
$840,000
MEDICAL BUILDING
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$550,000
WAREHOUSE, STORAGE
Est. value
$440,000
OFFICE BUILDING
Est. value
$365,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Construction
WOOD
Heating
FORCED AIR
Stories
2
Buildings
2
Bathrooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Meash LLC
Entity
Mailing address
11878 175TH PL NE, REDMOND, WA 98052-2821
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2022
—
Meash LLC
Ashish Soni
Quit Claim Deed
related
$405,000 · Us Bank NA
May 19, 2022
$625,000
Ashish Soni
Patricia Miller Aesthetics LLC
Warranty Deed
—
Jan 14, 2020
—
Patricia Miller Aesthetic S LLC
—
Deed
related
$274,468 · Umpqua Bank
Mar 15, 2007
—
Patricia Miller Aesthetics LLC
Patricia Miller Properties LLC
Quit Claim Deed
—
Jul 9, 2004
$300,000
Patricia Miller Properties LLC
Volstad,dolores J
Grant Deed
$255,000 · Sterling Savings Bank
—
—
Patricia Miller Properties LLC
—
Deed Of Trust
related
$111,000 · Rural Housing & Community Dev
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1528 8th NE St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
