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Property profile & analytics
OFF-MARKET
Estimated value
$4,970,000
Warehouses
3102 B NW St Auburn, WA 98001-1728
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1419828
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,900 SF
Lot
2.04 ac (88,761 SF)
Zoning code
M2
APN
158060-0260
UPID
US90-1419828
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
-
Seattle Area Seventh Day Baptist Church Church Mosque
-
Specialized Pavement Marking, Inc General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.45M
CAP Approach
CAP
$2.99M
Comparable Approach
Comparable
$4.17M
Blend (final)
Blend
$4.97M
Owner & transaction history
Building 5 LLC · 9 yrs held
Building 5 LLC
since 2017
Last sale
$4.9M
5 recorded transactions
Zoning & alternative use
M2 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.9M
+157.4%
Medical building
$6.3M
+103.9%
Apartment house (5+ units)
$5.5M
+79.0%
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
$5,535,000
ML approach
$5,450,000
CAP Approach
CAP Return
Estimation
6%
$3,235,000
6.5%
$2,985,000
7%
$2,775,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,080,000
Current use
RESTAURANT
$7,930,000
Change: +157% · Conversion: Difficult
MEDICAL BUILDING
$6,280,000
Change: +104% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,510,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,470,000
Change: +78% · Conversion: Easy
OFFICE BUILDING
$4,615,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$4.97M
Range $4.47M – $5.47M · ±10% · vs last sale $4.86M (Dec 16 2020)
Last sale anchor
$4.86M
Dec 16 2020
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
$313 / 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
$40,301
Tax year 2022
Assessed value
$3,308,900
Assessed 2022
Previous assessed
$3,308,900
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,242,600
Assessed improvement
$2,066,300
Land market value
$1,242,600
Improvement market value
$2,066,300
Total market value
$3,308,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Total area
15,900 SF
Lot
2.04 ac (88,761 SF)
Zoning code
M2
APN
158060-0260
UPID
US90-1419828
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M2 · Auburn, WAZoning M2 · permitted uses
M2 · 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
$3.1M
RESTAURANT
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.5M
OFFICE BUILDING
Est. value
$4.6M
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Lot
2.04 ac
Current owner
From public records · entity-resolved
Building 5 LLC
Entity
Mailing address
1121 SW SALMON ST STE #500, PORTLAND, OR 97205-2022
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
May 11, 2017
$2,275,000
Building 5 LLC
Auburn B Street LLC
Warranty Deed
$1,820,000 · Timberland Bank
Nov 30, 2010
—
Auburn B Street Storage LLC
Floyd C Darrow
Quit Claim Deed
related
$605,000 · Us Bank NA
May 19, 1992
$620,000
Floyd C Darrow
Alvis,thomas J&s
Grant Deed
$539,400 · Seller
Jul 20, 1989
$900,000
Cinderella Properties
Alvis
Grant Deed
$900,000 · Seller
—
—
Floyd C Darrow
—
Deed Of Trust
related
$736,000 · Sterling Savings 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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