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Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Medical Office Space
309 2nd SE St Auburn, WA 98002-5543
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0965518
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1999
Construction
WOOD
Total area
4,170 SF
Lot
0.19 ac (8,300 SF)
Zoning code
DUC
APN
733140-0550
UPID
US90-0965518
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.37M
Blend (final)
Blend
$1.73M
Owner & transaction history
Auburn Green Tree Properties LLC · 2 yrs held
Auburn Green Tree Properties LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
DUC · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
theast Auburn Special Area Plan and Auburn Gateway Planned Action 18.09 R-MHC Manufactured/Mobile Home Community Zone 18.21 Overlays 18.23 Commercial and Industrial Zones 18.25 Middle Housing Development Standards 18.29 DUC Downtown Urban Center District 18.31 Supplemental Development Standards 18.32 Accessory Dwelling Unit Development Standards 18.35 Specia…
Zone name
Downtown Urban Center
General category
CIVIC_INSTITUTIONAL
Zone area
167.83 ac
Top alternative use upside
Commercial (general)
$2.2M
+33.0%
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
$1,690,000
ML approach
$1,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,645,000
Current use
COMMERCIAL (GENERAL)
$2,190,000
Change: +33% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,435,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±10% · vs last sale $1.78M (Nov 20 2023)
Last sale anchor
$1.78M
Nov 20 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
$414 / 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
$14,381
Tax year 2022
Assessed value
$1,193,200
Assessed 2022
Previous assessed
$1,193,200
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$107,900
Assessed improvement
$1,085,300
Land market value
$107,900
Improvement market value
$1,085,300
Total market value
$1,193,200
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Total area
4,170 SF
Lot
0.19 ac (8,300 SF)
Zoning code
DUC
APN
733140-0550
UPID
US90-0965518
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DUC · Auburn, WAZoning DUC · permitted uses
DUC · Auburn, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
theast Auburn Special Area Plan and Auburn Gateway Planned Action 18.09 R-MHC Manufactured/Mobile Home Community Zone 18.21 Overlays 18.23 Commercial and Industrial Zones 18.25 Middle Housing Development Standards 18.29 DUC Downtown Urban Center District 18.31 Supplemental Development Standards 18.32 Accessory Dwelling Unit Development Standards 18.35 Special Purpose Zones 18.36 Repealed 18.38 L-F Airport Landing Field District, Overlay, a
Zone name
Downtown Urban Center
General category
CIVIC_INSTITUTIONAL
Zone area
167.83 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1999
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
Auburn Green Tree Properties LLC
Entity
Mailing address
309 2ND ST SE, AUBURN, WA 98002-5543
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
$1,775,000
Auburn Green Tree Properties LLC
2015 Auburn Building LLC
Warranty Deed
$1,508,750 · First Citizens Bank & Trust Co
Apr 21, 2017
—
D Rick
—
Deed
related
$990,000 · Keybank USA
Apr 18, 2017
—
D Rick Edwards
—
Deed
related
$100,000 · Keybank USA
Sep 21, 2015
—
2015 Auburn Building LLC
Edwards,d Rick & Miccilene M
Quit Claim Deed
related
—
Jan 16, 2015
$1,100,000
D Rick|johnson Carl K Edwards
Snowlady & Co LLC
Grant Deed
—
Jan 30, 2007
—
Snowlady & Co LLC
Sabbagh,emily M
Quit Claim Deed
related
—
May 25, 1999
—
Emily M Sabbagh
—
Grant Deed
related
$472,000 · Puyallup Valley Bank
Feb 16, 1999
—
Emily M Sabbagh
—
Grant Deed
related
$440,000 · Puyallup Valley Bank
Aug 17, 1998
$65,000
Emily Sabbagh
Cross,donald L & Glen A
Grant Deed
—
—
—
Emily Sabbagh
—
Deed Of Trust
related
$468,750 · Columbia State Bank
—
—
Snowlady & Co LLC
—
Deed Of Trust
related
$748,000 · Valley Bank
—
—
D Rick
—
Deed Of Trust
related
$990,000 · Keybank USA
—
—
D Rick Edwards
—
Deed Of Trust
related
$100,000 · Keybank USA
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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