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Property profile & analytics
OFF-MARKET
Estimated value
$3,960,000
Specialty properties
31655 Military S Rd Auburn, WA 98001-3141
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-3208978
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
250,393 SF
Lot
15.79 ac (687,815 SF)
Zoning code
R18P
APN
551560-0055
UPID
US90-3208978
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
-
Watermark Apartments Apartment Complex
-
G&C Electrical Services LLC Electrical Service General Contractor
-
Prolific Hauling and Junk Removal Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.96M
Owner & transaction history
Watermark 320 LLC · 8 yrs held
Watermark 320 LLC
since 2017
7 recorded transactions
Zoning & alternative use
R18P · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$16 / 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
$10,630
Tax year 2022
Assessed value
$36,396,713
Assessed 2022
Previous assessed
$36,396,713
+0.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$5,158,600
Assessed improvement
$31,238,113
Land market value
$5,158,600
Improvement market value
$31,238,113
Total market value
$36,396,713
Applied tax rate
3,490.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
10
Stories
4
Units
221
Bathrooms
1
Total area
250,393 SF
Lot
15.79 ac (687,815 SF)
Zoning code
R18P
APN
551560-0055
UPID
US90-3208978
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
R18P · Auburn, WA
Zoning R18P · permitted uses
R18P · 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
2019
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
4
Buildings
10
Units
221
Bathrooms
1
Lot
15.79 ac
Current owner
From public records · entity-resolved
Watermark 320 LLC
Entity
Free & Clear · 8 yrs held
Mailing address
10900 NE 8TH ST STE #1200, BELLEVUE, WA 98004-4460
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2021
—
Watermark 320 LLC
—
Deed
related
$2,271,600 · Citibank NA
Dec 19, 2017
$550,000
Watermark 320 LLC
Butko,richard G & Muntaha
Warranty Deed
—
Sep 26, 2012
—
Richard G Butko
Butko,richard G
Quit Claim Deed
related
$215,000 · Pinnacle Capital Mortgage Corp
Apr 11, 2012
—
Richard G Butko
Rbg LLC
Quit Claim Deed
related
—
Jan 6, 2009
—
Aib LLC
Butko,richard G
Quit Claim Deed
related
—
Dec 5, 2007
—
Richard G Butko
Butko,moni
Quit Claim Deed
related
—
Dec 5, 2007
$298,000
Richard G Butko
Helen L Vinyard
Warranty Deed
$223,500 · American Mortgage Network INC
Jan 9, 2004
—
Helen L Vinyard
Vinyard,helen L
Quit Claim Deed
related
—
Dec 24, 2003
—
Vinyard Trust
Vinyard Helen L
Quit Claim Deed
related
—
Jun 16, 1989
—
Lester D Vinyard
Foote,neda F
Quit Claim Deed
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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