1602 Vly S Hwy, Auburn, WA 98001-6504
- Retail space
- 12,000 SF
- 1.16 lot acres
Current Use by Public Records
- A Advanced Electrical Services / Electrical Service / General Contractor
- A Advanced Septic & Construction Services / Plumbing Service
- Tacoma Peoples Builder LLC / Construction Company / General Contractor
Property Details for 1602 Vly S Hwy
- Year built
- 1988
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.16 lot acres
- Zone code
- C3
- Property type
- Retail space
- APN
- 232104-9036
- APU
- 2321049036
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 25, 2021 | — | Az Properties LLC | — | Deed · related | $1.4M · Evergreen Business Capital |
| Jul 28, 2020 | $3,150,000 | Az Properties LLC | Jdc Properties LLC | Warranty Deed | $1.7M · Heritage Bank |
| Sep 18, 2008 | $2,600,000 | Jdc Properties LLC | J Marc Construction INC | Warranty Deed | $2M · Wells Fargo Bank NA |
| Feb 16, 1988 | $254,520 | J-marc Constr INC | Quadrant | Grant Deed | — |
Description
This exceptional 12,000-square-foot warehouse, situated on a 2.34-acre lot in Auburn, Washington, presents a compelling investment opportunity. Built in 1988 and renovated in 2000, this two-story building boasts a metal roof, upgraded LED lighting (interior and exterior), a sprinkler system, and a robust electrical system featuring 3-phase 200 amp service divided across eight separate panels. High bay doors, a ventilation system suitable for machining, multiple zoned HVAC units, and well-appointed offices with attractive window fronts enhance functionality. The property also includes a training room, conference rooms, and professional restrooms. Further amenities include a fully fenced perimeter with electric entry gates, a newly paved asphalt parking lot, and state-of-the-art signage providing excellent visibility from Highway 167 (86,300 cars per day) and West Valley Highway (14,000 cars per day). The property's zoning (C-3 Heavy Commercial) allows for a wide range of uses. Its convenient location offers easy access to Highways 167 and 18, providing seamless connectivity to I-5 and proximity to The Outlet Collection. The asking price is $8,000,000, translating to $666.67 per square foot. This property is comprised of two parcels in King County, WA, zip code 98001.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,900,000
- ML approach
- $3,830,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,580,000
- 6.5%
- $3,305,000
- 7%
- $3,065,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,683,000
Market price range: $1.54M - $4.88M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,180,000 Current use
- MEDICAL BUILDING
- $4,740,000 Change: +49% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $4,160,000 Change: +31% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $4,130,000 Change: +30% Conversion: Difficult
- OFFICE BUILDING
- $3,480,000 Change: +9% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Auburn
- County
- King
- State
- Washington
- Longitude
- -122.259
- Latitude
- 47.2946
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
