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Property profile & analytics
OFF-MARKET Estimated value $2,400,000
Auto shops

2019 I NE St Auburn, WA 98002-2857

5,388 SF 0.67 ac lot Built 1974
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US90-1236569
Property summary
AI-generated overview

This exceptional 6,701 square foot flex space, situated on a substantial 29,272 square foot lot in Auburn, WA, presents a rare owner-user opportunity. Built in 1974 and extensively renovated in 2020, the property boasts a C3 zoning designation, allowing for a diverse range of uses including automotive repair, body shops, auto/boat dealerships, light industrial operations, outdoor storage, and contractor yards. Its prime location off "Auto-Row" on Auburn Way North places it amongst established national car dealerships and automotive businesses, reflecting its former use as an auto repair/body shop. The 2020 renovations encompassed significant site improvements, including new paving and seal coating, landscaping, fencing, heating & cooling systems, a security system, exterior building and roofing repairs, and a reconfigured shop space. The building occupies only 20% of the lot, leaving ample space for parking and storage, further enhanced by a secondary access point to I St NE. The current owner is willing to vacate the premises after a short-term leaseback. This property offers significant surplus land value and flexible access, making it an ideal investment for a variety of businesses. The property address is 2019 I St NE, Auburn, WA 98002.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1974
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,388 SF
Lot 0.67 ac (29,272 SF)
Zoning code C3
APN 000100-0031
UPID US90-1236569
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
  • Bjornson Marine (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.40M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.06M
Blend (final) Blend
$2.40M
Owner & transaction history
Belam LLC · 1 yrs held
Belam LLC
since 2024
Last sale
$2.4M
4 recorded transactions
2024
$2.4M
2022
Price N/A
2021
$1.2M
2015
Price N/A
Zoning & alternative use
C3 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $3.4M +84.6%
Commercial (general) $2.8M +52.7%
Restaurant $2.7M +45.0%
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