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Property profile & analytics
OFF-MARKET
Estimated value
$47,510,000
Warehouses
2002 Vly N Hwy Auburn, WA 98001-1630
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1267544
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,000 SF
Lot
13.84 ac (602,777 SF)
Zoning code
M1
APN
122104-9035
UPID
US90-1267544
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
-
SMG Equipment Big Box & Wholesale Store
-
Contemporary Home Services Inc Commercial Cleaning Service Pressure Washing Service
-
Level 5 Washington, Inc. Interior Design Hardware & Home Improvement
-
Pacific Structures Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$47.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$47.51M
Owner & transaction history
Schnitzer Investment Corp · 1 yrs held
Schnitzer Investment Corp
since 2024
Last sale
$47.5M
7 recorded transactions
Zoning & alternative use
M1 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$47,510,000
ML approach
$47,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$47.51M
Range $42.76M – $52.26M · ±10% · vs last sale $47.51M (Oct 4 2024)
Last sale anchor
$47.51M
Oct 4 2024
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
$2,639 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$437,119
Tax year 2024
Assessed value
$30,188,100
Assessed 2023
Previous assessed
$30,188,100
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$6,258,000
Assessed improvement
$23,930,100
Land market value
$6,258,000
Improvement market value
$23,930,100
Total market value
$30,188,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Total area
18,000 SF
Lot
13.84 ac (602,777 SF)
Zoning code
M1
APN
122104-9035
UPID
US90-1267544
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Auburn, WAZoning M1 · permitted uses
M1 · Auburn, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Lot
13.84 ac
Current owner
From public records · entity-resolved
Schnitzer Investment Corp
Entity
Mailing address
1121 SW SALMON ST STE #500, PORTLAND, OR 97205-2022
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
$47,512,000
Schnitzer Investment Corp
Realty Associates Fund Xii Portfoli
Bargain And Sale Deed
$28,000,000 · State Farm Life Insurance Co
Jun 5, 2019
$25,500,000
Realty Assocs Fund Xii Portfol
Scg White River Corp Park LLC
Grant Deed
—
May 12, 2014
$14,050,000
Scg White River Corp Park LLC
Ppf Orch Indl 2002-2302 West
Grant Deed
—
Nov 15, 2007
$12,550,000
Orchard Indl 2002-2302 We Ppf
Guardian Life Ins Co Of America
Grant Deed
—
May 17, 1994
—
Guardian Life Insurance Co Of
White River Park
Grant Deed
related
—
Jan 25, 1991
$700,000
River Park Joint Vent White
Canadian Commerc
Grant Deed
—
—
—
Guardian Life Insurance Co
—
Deed Of Trust
related
$4,500,000 · Nationwide Life Insurance Co
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.
Try Rey
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