New search
Property profile & analytics
FOR LEASE
Distribution centers
3703 I St NW, Auburn, WA 98001
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0965639
For Lease
Contact for pricing
3703 I St NW, Auburn, WA 98001
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
127,066 SF
Lot
6.45 ac (281,048 SF)
Zoning code
M1
APN
158260-0065
UPID
US90-0965639
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
-
Essendant Warehouse & Storage
-
Auburn Park 167 Insignia Park
-
Southwire Co Industrial Manufacturer Production Facility
-
KBD SUPPLY (Bike/Boat/Book/etc) Store
-
ONECCO General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$83.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$83.10M
Owner & transaction history
Civf Vii Wa1 M01 LLC · 1 yrs held
Civf Vii Wa1 M01 LLC
since 2024
Last sale
$83.1M
6 recorded transactions
Zoning & alternative use
M1 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$80.7M
+227.9%
Commercial (general)
$66.8M
+171.3%
Restaurant
$63.4M
+157.4%
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
$83,100,000
ML approach
$83,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$80,695,000
Change: +228% · Conversion: Easy
COMMERCIAL (GENERAL)
$66,760,000
Change: +171% · Conversion: Difficult
RESTAURANT
$63,360,000
Change: +157% · Conversion: Difficult
MEDICAL BUILDING
$50,190,000
Change: +104% · Conversion: Difficult
Blend value · Realmo final
$83.10M
Range $74.79M – $91.41M · ±10% · vs last sale $83.10M (Jul 25 2024)
Last sale anchor
$83.10M
Jul 25 2024
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
$654 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$331,469
Tax year 2024
Assessed value
$25,432,200
Assessed 2023
Previous assessed
$25,432,200
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$3,934,600
Assessed improvement
$21,497,600
Land market value
$3,934,600
Improvement market value
$21,497,600
Total market value
$25,432,200
Applied tax rate
202.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Lease
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
127,066 SF
Lot
6.45 ac (281,048 SF)
Zoning code
M1
APN
158260-0065
UPID
US90-0965639
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Auburn, WA
Zoning M1 · permitted uses
M1 · 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
$80.7M
COMMERCIAL (GENERAL)
Est. value
$66.8M
RESTAURANT
Est. value
$63.4M
MEDICAL BUILDING
Est. value
$50.2M
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL 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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
6.45 ac
Current owner
From public records · entity-resolved
Civf Vii Wa1 M01 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1 BEACON ST #2800, BOSTON, MA 02108-3107
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2024
$83,100,000
Civf Vii Wa1 M01 LLC
Tga Auburn Business Park LLC
Bargain And Sale Deed
—
Dec 27, 2019
—
Tga Auburn Business Park LLC
Teachers Ins & Annuity Assn Of Am
Grant Deed
related
—
Dec 30, 2002
$20,418,000
Insurance Teachers
Benaroya Co LLC
Grant Deed
—
Mar 15, 1999
$3,326,120
Benaroya Co LLC
Danfiorito,j D & Barbara J
Grant Deed
—
Jun 24, 1994
$1,100,213
Dan Fiorito
Fiorito Bros INC
Quit Claim Deed
related
—
Nov 10, 1988
$550,000
Fiorito Bros INC
South 30 Associa
Grant Deed
$451,000 · Company Misc
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
