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Property profile & analytics
OFF-MARKET
Estimated value
$4,260,000
Warehouses
2101 R NW St Auburn, WA 98001-1647
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0963341
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,800 SF
Lot
1.68 ac (73,058 SF)
Zoning code
M1
APN
129160-0070
UPID
US90-0963341
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
-
Platt Electric Supply Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.29M
CAP Approach
CAP
$3.91M
Comparable Approach
Comparable
$4.09M
Blend (final)
Blend
$4.26M
Owner & transaction history
Brown Investment Real Estate LLC · 2 yrs held
Brown Investment Real Estate LLC
since 2023
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
M1 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.0M
+49.8%
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
$4,290,000
ML approach
$4,290,000
CAP Approach
CAP Return
Estimation
6%
$4,235,000
6.5%
$3,910,000
7%
$3,630,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,030,000
Current use
OFFICE BUILDING
$6,035,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$4.26M
Range $3.83M – $4.69M · ±10% · vs last sale $4.50M (Nov 30 2023)
Last sale anchor
$4.50M
Nov 30 2023
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
$205 / 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
$37,987
Tax year 2022
Assessed value
$3,130,600
Assessed 2022
Previous assessed
$3,130,600
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$715,900
Assessed improvement
$2,414,700
Land market value
$715,900
Improvement market value
$2,414,700
Total market value
$3,130,600
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
20,800 SF
Lot
1.68 ac (73,058 SF)
Zoning code
M1
APN
129160-0070
UPID
US90-0963341
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.0M
OFFICE BUILDING
Est. value
$6.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
Brown Investment Real Estate LLC
Entity
Mailing address
2101 R ST NW, ALGONA, WA 98001-1647
Mailing matches property
Yes
Owner-occupied
Yes
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
Nov 30, 2023
$4,500,000
Brown Investment Real Estate LLC
Chad Christensen
Warranty Deed
—
Sep 18, 2020
—
Chad K Christensen
—
Deed
related
$5,250,000 · Savibank
Dec 10, 2018
—
Chad K Christensen
—
Grant Deed
related
$4,000,000 · First Citizens Bk & Tr Co
Oct 17, 2016
—
Chad K Christensen
—
Deed
related
$1,600,000 · Wells Fargo Bank NA
Sep 2, 2016
$2,300,000
Chad K Christensen
Harbin,michael F JR & Karen L
Warranty Deed
—
Jan 29, 1998
$885,000
Michael F Harbin
Calhoun,willis & Carolyn M
Grant Deed
$795,000 · Seller
Nov 13, 1996
$573,000
Willis M Calhoun
Shaper Industries INC
Grant Deed
$520,000 · Cascade Savings Bank
Jun 3, 1988
$760,000
Shaper Industries INC
Calhoun,willis M
Grant Deed
$501,600 · Seller
—
—
Michael F Harbin
—
Deed Of Trust
related
$694,864 · Valley Bank
—
—
Michael F Harbin
—
Deed Of Trust
related
$828,000 · Us Bank NA
—
—
Michael F Harbin JR.
—
Deed Of Trust
related
$270,205 · Valley 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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