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Property profile & analytics
OFF-MARKET Estimated value $3,505,000
Retail space

1602 Vly S Hwy Auburn, WA 98001-6504

12,000 SF 1.16 ac lot Built 1988
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US90-0600558
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,000 SF
Lot 1.16 ac (50,530 SF)
Zoning code C3
APN 232104-9036
UPID US90-0600558
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
  • A Advanced Electrical Services Electrical Service General Contractor
  • A Advanced Septic & Construction Services Plumbing Service
  • Tacoma Peoples Builder LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.83M
CAP Approach CAP
$3.31M
Comparable Approach Comparable
$3.68M
Blend (final) Blend
$3.51M
Owner & transaction history
Az Properties LLC · 5 yrs held
Az Properties LLC
since 2020
Last sale
$3.2M
4 recorded transactions
2021
Price N/A
2020
$3.2M
2008
$2.6M
1988
$254,520
Zoning & alternative use
C3 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $4.7M +49.0%
Apartment house (5+ units) $4.2M +30.8%
Auto repair, garage $4.1M +29.8%
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