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Property profile & analytics
OFF-MARKET
Estimated value
$16,935,000
Assisted living facilities
2901 I NE St, Auburn, WA 98002-2441
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0797128
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
55,085 SF
Lot
2.52 ac (109,854 SF)
Zoning code
C3
APN
000100-0097
UPID
US90-0797128
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
-
Village Concepts of Auburn - Brannan Park Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.17M
Blend (final)
Blend
$16.94M
Owner & transaction history
Brannan Propco LLC · 1 yrs held
Brannan Propco LLC
since 2024
Last sale
$18.8M
7 recorded transactions
Zoning & alternative use
C3 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$27.5M
+102.7%
Medical building
$21.8M
+60.5%
Apartment house (5+ units)
$19.1M
+40.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$13,555,000
Current use
RESTAURANT
$27,465,000
Change: +103% · Conversion: Difficult
MEDICAL BUILDING
$21,760,000
Change: +61% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$19,095,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,950,000
Change: +40% · Conversion: Difficult
WAREHOUSE, STORAGE
$15,115,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$16.94M
Range $15.24M – $18.63M · ±10% · vs last sale $18.82M (Sep 2 2024)
Last sale anchor
$18.82M
Sep 2 2024
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
$307 / 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
$115,501
Tax year 2022
Assessed value
$9,520,200
Assessed 2022
Previous assessed
$9,520,200
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,537,900
Assessed improvement
$7,982,300
Land market value
$1,537,900
Improvement market value
$7,982,300
Total market value
$9,520,200
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
3
Units
115
Total area
55,085 SF
Lot
2.52 ac (109,854 SF)
Zoning code
C3
APN
000100-0097
UPID
US90-0797128
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$13.6M
RESTAURANT
Est. value
$27.5M
MEDICAL BUILDING
Est. value
$21.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$19.1M
AUTO REPAIR, GARAGE
Est. value
$19.0M
WAREHOUSE, STORAGE
Est. value
$15.1M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
3
Units
115
Lot
2.52 ac
Current owner
From public records · entity-resolved
Brannan Propco LLC
Entity
Mailing address
2020 A ST SE STE #101, AUBURN, WA 98002-6807
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2024
$18,823,106
Brannan Propco LLC
Brannan Associates LLC
Bargain & Sale Deed
$13,500,000 · Gesa Cu
Jul 9, 2019
—
Brannan Associates LLC
—
Deed
related
—
Nov 7, 2016
—
City Of Auburn
Brannon Associates LLC
Quit Claim Deed
related
—
May 16, 2014
$3,750,000
Brannan Associates LLC
Sil Parkside LLC
Grant Deed
$2,400,000 · H & A Investors LLC
Mar 28, 2014
—
Sil Parkside LLC
Chavers Underwood Chavers LLC
Grant Deed
—
Feb 25, 2008
—
Chavers Underwood Chavers LLC
—
Deed Of Trust
related
$10,170,000 · Genworth Life Insurance Co
Jan 11, 1999
—
Chavers Underwood Chavers LLC
Underwood,john W & Mary A
Quit Claim Deed
related
—
Nov 19, 1992
$164,786
John W Underwood
Chavers
Grant Deed
—
Jul 11, 1989
$185,000
Mark A Chavers
Ginn
Grant Deed
—
—
—
Brannan Associates LLC
—
Loan Modification
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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