Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    18 Auburn S Way Auburn, WA 98002-5426

    • Turn key restaurants
    • 3,760 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0872916
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bank of America (with Drive-thru ATM) / Bank / Financial Consultant
    • Chaska Bar & Grill / Indian Restaurant
    • Merrill Edge / Financial Consultant
    • Bank of America ATM (Drive-thru) / Atm

    Property Details for 18 Auburn S Way

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.12 lot acres
    Property size
    3,760 SF
    Zone code
    DUC
    Property type
    Turn key restaurants
    APN
    733140-0476
    APU
    7331400476

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    King
    State
    Washington
    Longitude
    -122.225
    Latitude
    47.3071
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,307
    $78,000
    $740,700
    $818,700
    -
    $78,000
    $740,700
    $818,700

    Comparable in this City

    • Value Estimation
      $815,000
      6,159 SF

      1441 D NE St

      RESTAURANT • 6,159 SF
      1441 D NE St, Auburn, WA 98002-4017
      View Details
    • Value Estimation
      $2,585,000
      5,884 SF

      521 Auburn S Way

      RESTAURANT • 5,884 SF
      521 Auburn S Way, Auburn, WA 98002-6033
      View Details
    • Value Estimation by Request
      700 SF

      614 Main St

      RESTAURANT • 700 SF
      614 Main St, Auburn, WA 98002-5602
      View Details
    • Value Estimation
      $21,440,000
      61,929 SF

      2602 Auburn S Way

      RESTAURANT • 61,929 SF
      2602 Auburn S Way, Auburn, WA 98002
      View Details
    • Value Estimation
      $1,550,000
      7,079 SF

      714 Auburn N Way

      RESTAURANT • 7,079 SF
      714 Auburn N Way, Auburn, WA 98002-4332
      View Details
    • Value Estimation
      $705,000
      128 SF

      202 B SE St

      RESTAURANT • 128 SF
      202 B SE St, Auburn, WA 98002-5413
      View Details

    Similar Nearby for Sale

    • $1,895,000
      1 SF

      Auburn Retail/Office Investment Property

      10,900 SF fully leased retail/office building in Auburn, WA.
      2 Auburn Way N, Auburn, WA 98002
      View Details
    • $22,000,000

      Entitled Land Ready to Develop

      Development opportunity in Auburn Gateway with utilities and completed infrastructure.
      4701 Auburn Way N, Auburn, WA 98002
      View Details
    • $3,990,000
      8,396 SF

      Established Medical Eye Center

      Medical and surgical eye care center in Puget Sound.
      700 M St NE, Auburn, WA 98002
      View Details
    • Contact for pricing
      24,500 SF

      Auburn Industrial Incubator Space

      3,500 SF industrial space available for lease.
      3401 C St NE, Auburn, WA 98002
      View Details
    • Contact for pricing
      61,080 SF

      Auburn Warehouse/Distribution Sublease Opportunity

      Warehouse/distribution facility with office space available for sublease.
      3104 C St NE, Auburn, WA 98002
      View Details
    • $1,200,000

      Well-Kept Auburn 6-Plex

      Updated 6-unit complex near schools, shopping, and transit.
      425 H St NE, Auburn, WA 98002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      172,203 SF

      Auburn North Retail Center

      Prime Auburn location, multiple spaces available
      0 N & 15 Stne, Auburn, WA 98002
      View Details
    • $20 SF/Yr
      4,400 SF

      Auburn Retail Space Available

      4,400 SF retail space with high ceilings and signage.
      3705 Auburn Way N, Auburn, WA 98002
      View Details
    • $15 SF/Yr
      1,598 SF

      Auburn Retail/Office Space Available

      1,598 SF retail or office space for lease.
      1200-1221 A St NE, Auburn, WA 98002
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Auburn, WA

      Retail space available for lease in Auburn, Washington.
      3734-4018 A St SE, Auburn, WA 98002
      View Details
    • $18 SF/Yr
      2,000 SF

      Retail Space Near Highway 18

      Retail space with highway access, ample parking, and signage.
      102-202 Cross St SE, Auburn, WA 98002
      View Details
    • $25 SF/Yr
      1,201 SF

      Retail Space on Auburn Way

      Retail space for lease with signage opportunities.
      1210 Auburn Way N, Auburn, WA 98002
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18 Auburn S Way
    Auburn, WA 98002-5426
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.