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    201 S Division St Auburn, WA 98001

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    201 S Division St Auburn, WA 98001

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    • Medical Office Space
    • 6,698 SF
    • 0.43 lot acres
    For Sale
    $1,095,000
    View Listing →
    Downtown Auburn Office Sublease For Sale
    $1,095,000
    12,168 SF

    Downtown Auburn Office Sublease

    Office space in downtown Auburn with easy highway access.

    201 S Division Street, Auburn, WA 98001
    View Listing
    Property ID
    US90-3280074
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • All Denture Care / Dental Office
    • Hahn Gary M DDS / Dental Office
    • Dr. Mark L. Shope, MD / Physician
    • Joshua Weed, MS / Counselor
    • Acupuncture / Medical Clinic / Alternative Medicine Practice

    Property Details for 201 S Division St

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.43 lot acres
    Property size
    6,698 SF
    Zone code
    DUC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    049200-0057
    APU
    492000057

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,480,000
      6.5%
      $1,365,000
      7%
      $1,270,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    King
    State
    Washington
    Longitude
    -122.23
    Latitude
    47.3094
    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
    $15,257
    $280,500
    $958,600
    $1,239,100
    -
    $280,500
    $958,600
    $1,239,100

    Comparable in this City

    • Value Estimation
      $5,275,000
      43,399 SF

      121 Division St

      MEDICAL BUILDING • 43,399 SF
      121 Division St, Auburn, WA 98001-4931
      View Details
    • Value Estimation by Request
      11,511 SF

      1501 O St

      Medical Office Space • 11,511 SF
      1501 O St, Auburn, WA 98001
      View Details
    • Value Estimation
      $2,260,000
      115,868 SF

      36 Main St

      HOMES (RETIRED, NURSING) • 115,868 SF
      36 Main St, Auburn, WA 98001
      View Details
    • Value Estimation by Request
      4,561 SF

      103 D SW St

      HOMES (RETIRED, NURSING) • 4,561 SF
      103 D SW St, Auburn, WA 98001-5021
      View Details
    • Value Estimation
      $1,270,000
      8,329 SF

      1531 20th NW St

      OFFICE BUILDING • 8,329 SF
      1531 20th NW St, Auburn, WA 98001-3422
      View Details
    • Value Estimation
      $1,780,000
      9,528 SF

      1501 Vly N Hwy

      OFFICE BUILDING • 9,528 SF
      1501 Vly N Hwy, Auburn, WA 98001-1606
      View Details

    Similar Nearby for Sale

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      100,295 SF

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      Downtown Auburn Office Sublease

      Office space in downtown Auburn with easy highway access.
      201 S Division St, Auburn, WA 98001
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      Downtown Auburn Office Sublease

      Office space in downtown Auburn with easy highway access.
      201 S Division St, Auburn, WA 98001
      View Details
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      Class-A Office Buildings For Sale

      Four Class-A office buildings totaling 250,000 SF.
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      100,295 SF

      Federal Way Office Building

      Office building for sale in Federal Way, Washington.
      32125 32Nd Ave S, Federal Way, WA 98001
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      Class-A Office Buildings For Sale

      Four Class-A office buildings totaling 250,000 SF in Federal Way.
      33810 Weyerhaeuser Way South, Federal Way, WA 98001
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    Similar Nearby for Lease

    • Contact for pricing
      1,367 SF

      Medical/Office Space in Auburn, WA

      1367 SF medical/office space available for rent.
      121 N Division St, Auburn, WA 98001
      View Details
    • Contact for pricing

      Office Space Near Major Highways

      Office space with highway access, free parking, and transit options.
      1102 15Th St SW, Auburn, WA 98001
      View Details
    • Contact for pricing

      Suburban East Campus Office Suite

      6,447 SF office suite for lease in Federal Way.
      32129 Weyerhaeuser Way S, Federal Way, WA 98001
      View Details
    • Contact for pricing
      2,808 SF

      Federal Way Office Space Available

      Office space available for rent in Federal Way, Washington.
      3450 S 344Th Way, Federal Way, WA 98001
      View Details
    • $0.37 SF/Yr

      Auburn Touchdown Yard Available

      Auburn location with easy access to SR 167 & I-5.
      121 49Th St NW, Auburn, WA 98001
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    • Contact for pricing

      Office Space Near Major Highways

      Office space with highway access, free parking, and transit.
      1002 15Th St SW, Auburn, WA 98001
      View Details
    View Listing
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    201 S Division St
    Auburn, WA 98001
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    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
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