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    FOR LEASE
    Distribution centers

    1701 Pike St NW, Auburn, WA 98001

    126,000 SF 7.04 ac lot Built 1987
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US90-1484859
    Property summary
    AI-generated overview

    This exceptional 50,400-square-foot industrial warehouse, located at 1701 Pike St NW in Auburn, Washington (zip code 98001), presents a unique opportunity for businesses seeking a single-tenant space. The property boasts a newly constructed office area and offers a secure yard with 13 trailer stalls, providing ample space for loading and unloading. The warehouse features a substantial 25-foot clear ceiling height, maximizing vertical storage capacity and operational efficiency. The building is double-loaded, allowing for convenient access to both sides of the warehouse. This design optimizes workflow and minimizes transportation time within the facility. The property is equipped with heavy power, catering to businesses with significant energy demands. The entire 50,400 square feet is currently vacant and ready for immediate occupancy. This prime location in Auburn, WA offers excellent access to major transportation routes, making it an ideal distribution hub. The property is a single-tenant building, ensuring privacy and control over the entire space. With its combination of size, features, and location, this warehouse is perfectly suited for a variety of industrial, distribution, or manufacturing operations.

    Property profile
    Verified
    Property type Distribution centers
    Use group DISTRIBUTION WAREHOUSE
    Year built 1987
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 126,000 SF
    Lot 7.04 ac (306,792 SF)
    Zoning code M1
    APN 030351-0180
    UPID US90-1484859
    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
    • Auto Plus Auto Parts Auto Parts Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $26.65M
    CAP Approach CAP
    $23.68M
    Comparable Approach Comparable
    $26.53M
    Blend (final) Blend
    $26.65M
    Owner & transaction history
    Krl Legacy LLC · 2 yrs held
    Krl Legacy LLC
    since 2024
    Last sale
    $26.7M
    6 recorded transactions
    2024
    $26.7M
    2020
    $18.9M
    2000
    $5.5M
    1991
    $4.7M
    1969
    1969
    Zoning & alternative use
    M1 · Auburn, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Apartment house (5+ units) $43.7M +79.0%
    Auto repair, garage $43.3M +77.6%
    Office building $36.6M +49.8%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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