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Property profile & analytics
OFF-MARKET
Estimated value
$605,000
Grocery and convenience stores
27 15th NE St Auburn, WA 98002-1602
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-1445953
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1994
Construction
FRAME
Total area
2,813 SF
Lot
0.92 ac (40,005 SF)
Zoning code
C3
APN
000080-0046
UPID
US90-1445953
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
-
ARCO Gas Station
-
Brimstones Espresso Cafe & Coffee Shop
-
Frances Safehold Self storage facility Storage Facility
-
AMPM Grocery & Convenience Store
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$485k
Blend (final)
Blend
$605k
Owner & transaction history
Hans Corp · 18 yrs held
Hans Corp
since 2008
5 recorded transactions
Zoning & alternative use
C3 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$425,000
+326.8%
Office building
$420,000
+322.3%
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
by Request
ML approach
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$425,000
Change: +327% · Conversion: Easy
OFFICE BUILDING
$420,000
Change: +322% · Conversion: Moderate
Blend value · Realmo final
$605k
Range $545k – $666k · ±10%
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
$215 / 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
$21,149
Tax year 2024
Assessed value
$1,670,400
Assessed 2023
Previous assessed
$1,670,400
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$680,000
Assessed improvement
$990,400
Land market value
$680,000
Improvement market value
$990,400
Total market value
$1,670,400
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1994
Construction
FRAME
Heating
GAS
Cooling
AC.PACKAGE
Stories
1
Total area
2,813 SF
Lot
0.92 ac (40,005 SF)
Zoning code
C3
APN
000080-0046
UPID
US90-1445953
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C3 · Auburn, WA
Zoning C3 · permitted uses
C3 · Auburn, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Auburn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$425,000
OFFICE BUILDING
Est. value
$420,000
COMMERCIAL (GENERAL)
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
1994
Construction
FRAME
Heating
GAS
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Hans Corp
Entity
Mailing address
27 15TH ST NE, AUBURN, WA 98002-1602
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2008
$2,000,000
Hans Corp
Tid Properties LLC
Warranty Deed
$3,080,000 · Venture Bank
Dec 28, 1999
$1,550,000
Tid Properties LLC
Atlantic Richfield Co
Grant Deed
$2,060,000 · Atherton Capital INC
—
—
Tid Properties LLC
—
Deed Of Trust
related
$1,914,514 · Sterling Savings Bank
—
—
Tid Properties LLC
—
Deed Of Trust
related
$253,077 · Sterling Savings Bank
—
—
Tid Properties LLC
—
Deed Of Trust
related
$2,000,000 · Key Bank NA
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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