Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    34041 Military S Rd Auburn, WA 98001-9733

    • Grocery and convenience stores
    • 2,504 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1286148
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 7-Eleven / Grocery & Convenience Store
    • Citibank ATM / Atm
    • Amazon Hub Locker - Excited / Postal Service / Courier Service

    Property Details for 34041 Military S Rd

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.25 lot acres
    Property size
    2,504 SF
    Zone code
    NB
    Property type
    Grocery and convenience stores
    APN
    506640-0381
    APU
    5066400381

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $890,000
      6.5%
      $825,000
      7%
      $765,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    King
    State
    Washington
    Longitude
    -122.274
    Latitude
    47.296
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $6,707
    $55,300
    $508,100
    $563,400
    -
    $55,300
    $508,100
    $563,400

    Comparable in this City

    • Value Estimation by Request
      1,598 SF

      3910 320th St

      CONVENIENCE STORE • 1,598 SF
      3910 320th St, Auburn, WA 98001-3116
      View Details
    • Value Estimation
      $2,365,000
      7,682 SF

      1402 Outlet Collection SW Way

      CONVENIENCE STORE • 7,682 SF
      1402 Outlet Collection SW Way, Auburn, WA 98001-6527
      View Details
    • Value Estimation by Request
      1,378 SF

      32002 Military S Rd

      CONVENIENCE STORE • 1,378 SF
      32002 Military S Rd, Federal Way, WA 98001-9632
      View Details
    • Value Estimation
      $725,000
      3,120 SF

      36644 Military S Rd

      CONVENIENCE STORE • 3,120 SF
      36644 Military S Rd, Auburn, WA 98001-8866
      View Details
    • Value Estimation
      $2,380,000
      15,944 SF

      615 C SW St

      GROCERY, SUPERMARKET • 15,944 SF
      615 C SW St, Auburn, WA 98001-5900
      View Details
    • Value Estimation
      $945,000
      3,000 SF

      5011 288th St

      CONVENIENCE STORE • 3,000 SF
      5011 288th St, Auburn, WA 98001-2828
      View Details

    Similar Nearby for Sale

    • $1,700,000
      1,360 SF

      Auburn Commercial Land Opportunity

      High-traffic corner lot, redevelopment potential.
      34049 Military Rd, Auburn, WA 98001
      View Details
    • $1,100,000
      0.39 Acres

      Auburn Corner Lot with Income

      Corner lot with high visibility and income-generating espresso stand.
      34049 Military Rd S, Auburn, WA 98001
      View Details
    • $3,900,000

      Auburn Retail Property For Sale

      Retail property available for purchase in Auburn, Washington.
      1743 W Valley Hwy S, Auburn, WA 98001
      View Details
    • $199,950
      15,478 SF

      Residential Land in Auburn, WA

      RM3600 zoned site suitable for up to 4 units.
      32400 Military Rd S, Auburn, WA 98001
      View Details
    • $6,600,000
      11,150 SF

      Industrial Warehouse Near SR-167

      Divisible industrial warehouse space available near SR-167 in Auburn, WA.
      1802 Pike St NW, Auburn, WA 98001
      View Details
    • $199,950

      Commercial Lot on Auburn Way

      Commercial lot in Auburn, water and sewer in street.
      223 3Rd St NE, Auburn, WA 98001
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      1,554 SF

      Retail Space Near Auburn Station

      Retail space available near Auburn Station with high ceilings.
      109 S Division St, Auburn, WA 98001
      View Details
    • Contact for pricing
      1,355 SF

      Auburn Retail Space: Main St. Corner

      Downtown Auburn retail space, 1350 sq ft.
      60 Main St, Auburn, WA 98001
      View Details
    • Contact for pricing
      12,000 SF

      Auburn Outlet Retail Pad

      High-traffic retail space available.
      1101 Outlet Collection Way, Auburn, WA 98001
      View Details
    • $17 SF/Yr
      149,268 SF

      Auburn Corporate Center Office Space

      Executive Suites & Office Space in Auburn, WA
      1102 15Th St, Auburn, WA 98001
      View Details
    • Contact for pricing
      105,208 SF

      Auburn Industrial Facility

      105,208 SF Warehouse, Ready Now
      6620 287Th St, Auburn, WA 98001
      View Details
    • Contact for pricing
      55,466 SF

      Auburn Industrial Space Available

      5,000 SF Warehouse/Manufacturing Space
      4210 B St, Auburn, WA 98001
      View Details

    Property Visit Statistics

    • Visits by month
      10.7k
    • Visitors by month
      4.8k
    • Avg Time on site
      5 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    34041 Military S Rd
    Auburn, WA 98001-9733
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.