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 / Electrician
- A Advanced Septic & Construction Services / Septic System Service
- Tacoma Peoples Builder LLC / Home Builder
Property Details for 1602 Vly S Hwy
- Year built
- 1988
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.16 lot acres
- Property size
- 12,000 SF
- Zone code
- C3
- Property type
- Retail space
- APN
- 232104-9036
- APU
- 2321049036
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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,935,000
- 6.5%
- $2,915,000
- 7%
- $3,385,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,290,000
- Geo Method
- $3,215,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,700,000
- Retail
- $3,245,000
- Mixed-Use
- $2,880,000
- Hospitality
- $3,175,000
- Educational
- $2,945,000
- Residential Income
- $3,580,000
- Energy
- $3,325,000
- Income-Based Land
- $3,030,000
- Food Service
- $3,175,000
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
