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    Property profile & analytics

    201 South Division St Auburn, WA 98001

    • Medical offices
    • 6,698 SF
    • 0.43 lot acres
    For Lease
    View listing
    $1,395 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    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.

    Current Use by Public Records

    • All Denture Care / Dentist
    • Hahn Gary M DDS / Dentist
    • Dr. Mark L. Shope, MD / Obstetrician-Gynecologist
    • Joshua Weed, MS / Counselor
    • Acupuncture / Acupuncture Clinic

    Property Details for 201 South 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 offices
    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 valuation — 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 offices • 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
      $8,795,000
      64,965 SF

      3450 344th Way

      OFFICE BUILDING • 64,965 SF
      3450 344th Way, Federal Way, WA 98001-9540
      View Details
    • Value Estimation
      $13,155,000
      71,704 SF

      33940 Weyerhaeuser S Way

      OFFICE BUILDING • 71,704 SF
      33940 Weyerhaeuser S Way, Federal Way, WA 98001-9663
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,168 SF

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      Office space in downtown Auburn with easy highway access.
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      187,612 SF

      Federal Way Office Campus Building

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      Class-A Office Buildings For Sale

      Four Class-A office buildings totaling 250,000 SF in Federal Way.
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      Federal Way Office Building

      Office building for sale in Federal Way, Washington.
      32125 32Nd Ave S, Federal Way, WA 98001
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    • $1,300,000

      Auburn Commercial Corner Lot Investment

      High-traffic location, income-producing property
      34049 Military Rd, Auburn, WA 98001
      View Details
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      Auburn Commercial Land Opportunity

      High-traffic corner lot, redevelopment potential.
      34049 Military Rd, Auburn, 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
      7,785 SF

      Auburn Office Space Available

      7,785 SF office space for rent in Auburn, WA.
      1602 Pike St NW, Auburn, WA 98001
      View Details
    • Contact for pricing
      9,301 SF

      Warehouse/Office Space For Lease

      Dock high warehouse/office space with highway frontage and access.
      1220 37Th St NW, Auburn, WA 98001
      View Details
    • $17 SF/Yr
      149,268 SF

      Auburn Corporate Center Office Space

      Executive Suites & Office Space in Auburn, WA
      1102 15Th St, Auburn, WA 98001
      View Details
    • Contact for pricing
      76,728 SF

      Auburn Warehouse/Distribution Facility Sublease

      Warehouse/distribution facility with office space available for sublease in Auburn.
      3500 W Valley Hwy N, Auburn, WA 98001
      View Details
    • $1,395 /Mo
      800 SF

      Downtown Auburn Office Space Available

      800 SF office suite in downtown Auburn for lease.
      201 South Division St, Auburn, WA 98001
      View Details
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    201 South 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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