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Property profile & analytics
OFF-MARKET
Estimated value
$8,965,000
Automotive properties
3109 Auburn N Way Auburn, WA 98002-1842
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1472454
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,548 SF
Lot
3.83 ac (166,781 SF)
Zoning code
C3
APN
000400-0041
UPID
US90-1472454
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
-
German Imports - Auburn, WA Car Dealership
-
VW Parts Warehouse Parts Department Auto Parts Store
-
CONCESIONARIO VOLKSWAGEN SEATTLE Car Dealership
-
Volkswagen Parts Center Auto Parts Store
-
Volkswagen Service Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.07M
Blend (final)
Blend
$8.97M
Owner & transaction history
Clary Auburn Re LLC · 3 yrs held
Clary Auburn Re LLC
since 2022
Last sale
$10.0M
3 recorded transactions
Zoning & alternative use
C3 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$9.9M
+84.6%
Commercial (general)
$8.2M
+52.7%
Restaurant
$7.8M
+45.0%
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
$8,905,000
ML approach
$8,845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,875,000
Change: +85% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,170,000
Change: +53% · Conversion: Moderate
RESTAURANT
$7,755,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$6,140,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,390,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$8.97M
Range $8.07M – $9.86M · ±10% · vs last sale $10.00M (Aug 23 2022)
Last sale anchor
$10.00M
Aug 23 2022
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
$577 / 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
$80,384
Tax year 2022
Assessed value
$7,065,000
Assessed 2022
Previous assessed
$7,065,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$2,501,700
Assessed improvement
$4,563,300
Land market value
$2,501,700
Improvement market value
$4,563,300
Total market value
$7,065,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
15,548 SF
Lot
3.83 ac (166,781 SF)
Zoning code
C3
APN
000400-0041
UPID
US90-1472454
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
INDUSTRIAL (GENERAL)
Est. value
$9.9M
COMMERCIAL (GENERAL)
Est. value
$8.2M
RESTAURANT
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
3.83 ac
Current owner
From public records · entity-resolved
Clary Auburn Re LLC
Entity
Mailing address
PO BOX 127, LONGVIEW, WA 98632-7079
Ownership since
2022
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
Aug 23, 2022
$10,000,000
Clary Auburn Re LLC
Conducere Investments LLC
Warranty Deed
$6,600,000 · Wells Fargo Bank NA
Dec 19, 2017
$6,800,000
Conducere Investments LLC
R & E Investments LLC
Warranty Deed
$5,865,000 · Vw Credit
—
—
R & E Investments 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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