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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Office buildings
20 16th NW St Auburn, WA 98001
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0516030
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
STEEL FRAME
Total area
3,450 SF
Lot
2.33 ac (101,494 SF)
Zoning code
C3
APN
000080-0051
UPID
US90-0516030
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$551k
Blend (final)
Blend
$875k
Owner & transaction history
20 16th Street Nw Partners LLC · 2 yrs held
20 16th Street Nw Partners LLC
since 2023
7 recorded transactions
Zoning & alternative use
C3 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+36.1%
Auto repair, garage
$1.2M
+18.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Auburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Auburn submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,295,000
6.5%
$1,195,000
7%
$1,110,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,000,000
Current use
MEDICAL BUILDING
$1,365,000
Change: +36% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,185,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$915,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$875k
Range $788k – $963k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$254 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$133,005
Tax year 2022
Assessed value
$11,154,300
Assessed 2022
Previous assessed
$11,154,300
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,217,900
Assessed improvement
$9,936,400
Land market value
$1,217,900
Improvement market value
$9,936,400
Total market value
$11,154,300
Applied tax rate
133.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
5
Stories
1
Total area
3,450 SF
Lot
2.33 ac (101,494 SF)
Zoning code
C3
APN
000080-0051
UPID
US90-0516030
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C3 · Auburn, WA
Zoning C3 · permitted uses
C3 · Auburn, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Auburn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$915,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
5
Lot
2.33 ac
Current owner
From public records · entity-resolved
20 16th Street Nw Partners LLC
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
20 16th Street Nw Partners LLC
Auburn Express Storage LLC
Warranty Deed
—
Jul 1, 2022
$6,840,000
20 16th Street Nw LLC
Auburn Express Storage LLC
Warranty Deed
$1,300,000 · 1982 Capital Partners LLC
Oct 11, 2021
—
Auburn Express Storage LLC
—
Deed
related
$2,570,450 · 1892 Capital Partners LLC
Apr 7, 2017
—
Auburn Express Storage LLC
—
Grant Deed
related
$4,200,000 · Alaska USA FCU
Oct 16, 2002
$1,225,000
Auburn Express Storage LLC
Lone Brothers LLC
Grant Deed
$925,000 · Lone Brothers LLC
Aug 30, 1999
—
Lone Brothers LLC
Lone,stephen F
Quit Claim Deed
related
—
—
—
Auburn Express Storage LLC
—
Deed Of Trust
related
$645,000 · Timberland Bank
—
—
Auburn Express Storage LLC
—
Deed Of Trust
related
$200,000 · Viking Bank
—
—
Auburn Express Storage LLC
—
Deed Of Trust
related
$4,295,000 · Timberland Bank
—
—
Auburn Express Storage LLC
—
Deed Of Trust
related
$4,295,000 · Timberland Bank
—
—
Auburn Express Storage LLC
—
Deed Of Trust
related
$3,650,000 · Timberland Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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