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Property profile & analytics
OFF-MARKET
Estimated value
$1,345,000
Office buildings
2709 Auburn N Way Auburn, WA 98002-2418
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1179520
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1962
Construction
WOOD
Total area
4,280 SF
Lot
0.91 ac (39,435 SF)
Zoning code
C3
APN
000460-0011
UPID
US90-1179520
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
-
Armstrong General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
$863k
Blend (final)
Blend
$1.35M
Owner & transaction history
Clary Aubum Re LLC · 4 yrs held
Clary Aubum Re LLC
since 2021
Last sale
$1.4M
3 recorded transactions
Zoning & alternative use
C3 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+72.9%
Auto repair, garage
$1.5M
+50.6%
Warehouse, storage
$1.2M
+20.1%
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
$1,125,000
ML approach
$1,305,000
CAP Approach
CAP Return
Estimation
6%
$1,605,000
6.5%
$1,480,000
7%
$1,375,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$980,000
Current use
MEDICAL BUILDING
$1,690,000
Change: +73% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,470,000
Change: +51% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,175,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$1,165,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$1.35M
Range $1.21M – $1.48M · ±10% · vs last sale $1.40M (Oct 7 2021)
Last sale anchor
$1.40M
Oct 7 2021
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
$314 / 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
$11,940
Tax year 2022
Assessed value
$778,900
Assessed 2022
Previous assessed
$778,900
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$591,500
Assessed improvement
$187,400
Land market value
$591,500
Improvement market value
$187,400
Total market value
$778,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
4,280 SF
Lot
0.91 ac (39,435 SF)
Zoning code
C3
APN
000460-0011
UPID
US90-1179520
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
OFFICE BUILDING Current
Est. value
$980,000
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
1962
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
0.91 ac
Current owner
From public records · entity-resolved
Clary Aubum Re LLC
Entity
Mailing address
1030 COMMERCE AVE, LONGVIEW, WA 98632-2514
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2021
—
Clary Auburn Re LLC
—
Deed
related
$5,000,000 · Wells Fargo Bank NA
Oct 7, 2021
$1,400,000
Clary Aubum Re LLC
Armstrong Family Enterprises LLC
Warranty Deed
—
May 28, 2021
—
Armstrong Family Enterprises LLC
James R Armstrong
Quit Claim Deed
related
—
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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