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Property profile & analytics
OFF-MARKET
Estimated value
$10,005,000
Manufacturing properties
316 Ellingson Rd, Auburn, WA 98001-0006
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1663822
Property summary
AI-generated overview
This exceptional industrial property, located at 316 Ellingson Rd, Algona, WA 98001, presents a significant investment opportunity. The 63,118 square foot building sits on a 6.53-acre lot and is zoned M1 (Light Industrial), offering versatility for various uses. Built in 1982, the structure boasts a clear height ranging from 19 to 23 feet, providing ample vertical space for storage or manufacturing. The property includes 5,040 square feet of office space and a 5,248 square foot mezzanine, enhancing functionality. Loading is facilitated by 13 grade-level doors. The building features a robust power supply of 2,000 amps and a sprinkler system for enhanced safety. The site is fully fenced and secured, offering peace of mind. The low site coverage ratio maximizes potential for future expansion or outdoor operations. Available for sale at $15,250,000, this property offers a compelling combination of size, location, and features, making it ideal for owner-users seeking a substantial industrial space. The property is available for occupancy May 1, 2024. The sale is a Net, Net, Net (NNN) lease type with single tenancy. The price per square foot is $241.61.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1982
Construction
STEEL FRAME
Total area
56,430 SF
Lot
5.9 ac (257,205 SF)
Zoning code
M-1
APN
362104-9004
UPID
US90-1663822
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
-
Spinfinity, Inc. Industrial Manufacturer Factory
-
Accu Duct Manufacturing Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.49M
CAP Approach
CAP
$8.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.01M
Owner & transaction history
Cref3 Algona Owner LLC · 5 yrs held
Cref3 Algona Owner LLC
since 2021
Last sale
$10.0M
7 recorded transactions
Zoning & alternative use
M-1 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$10,790,000
ML approach
$10,485,000
CAP Approach
CAP Return
Estimation
6%
$9,460,000
6.5%
$8,730,000
7%
$8,110,000
Blend value · Realmo final
$10.01M
Range $9.00M – $11.01M · ±10% · vs last sale $10.02M (Jun 16 2021)
Last sale anchor
$10.02M
Jun 16 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
$177 / 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
$93,653
Tax year 2022
Assessed value
$8,101,800
Assessed 2022
Previous assessed
$8,101,800
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$3,086,400
Assessed improvement
$5,015,400
Land market value
$3,086,400
Improvement market value
$5,015,400
Total market value
$8,101,800
Applied tax rate
51.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1982
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
56,430 SF
Lot
5.9 ac (257,205 SF)
Zoning code
M-1
APN
362104-9004
UPID
US90-1663822
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Auburn, WA
Zoning M-1 · permitted uses
M-1 · 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.
Building & site characteristics
From public records
Year built
1982
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
5.9 ac
Current owner
From public records · entity-resolved
Cref3 Algona Owner LLC
Entity
Mailing address
5221 N O CONNOR BLVD STE #700, IRVING, TX 75039-4428
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
—
Cref3 Algona Owner LLC
—
Deed
related
$493,000,000 · German American Capital Corporation
Jul 30, 2021
—
Cref3 Algona Owner LLC
—
Deed
related
$300,000,000 · Deutsche Bank National Trust Co
Jun 16, 2021
$10,015,015
Cref3 Algona Owner LLC
Jah Algona LLC
Warranty Deed
—
Dec 11, 2015
—
Jah Algona LLC
Hermanson,jeffrey A
Quit Claim Deed
related
—
Jul 13, 2004
—
Jeffrey A Hermanson
Hermanson,theresa L
Quit Claim Deed
related
—
Dec 30, 1993
$1,400,000
Jeffrey A Hermanson
Colpitt Trust
Grant Deed
$1,250,000 · Money Store Investment Corp
Nov 8, 1991
$1,300,114
James R Colpitt
Ruhl,john R
Grant Deed
—
Mar 21, 1991
$387,318
Forest Produ Specialty
Yonich
Grant Deed
—
Apr 16, 1990
$1,500,000
Yohn
Colpitt
Grant Deed
$1,305,000 · Seller
Jul 18, 1989
$2,743,000
James R Colpitt
Ruhl
Grant Deed
—
—
—
John Yonich
—
Deed Of Trust
related
$200,000 · Puget Sound National Bank
—
—
Jeffrey A Hermanson
—
Deed Of Trust
related
$460,000 · Bank Of America
—
—
Jeffrey A Hermanson
—
Deed Of Trust
related
$460,000 · Bank Of America
—
—
Jeffrey A Hermanson
—
Deed Of Trust
related
$600,000 · Bank Of America
—
—
Jeffrey A Hermanson
—
Deed Of Trust
related
$1,550,000 · Bank Of America
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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