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Property profile & analytics
OFF-MARKET
Estimated value
$8,660,000
Retail space
3902 A SE St Auburn, WA 98002-8610
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1694516
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,484 SF
Lot
1.44 ac (62,825 SF)
Zoning code
C3
APN
302105-9017
UPID
US90-1694516
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
-
Gary M. Lagerstrom, Pharm Pharmacy
-
Phan L. Tran, PharmD Pharmacy
-
Jennifer England Pharmacy
-
Danielle Myers Pharmacy
-
Elizabeth Rittenhouse Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.66M
Owner & transaction history
Af Auburn LLC · 4 yrs held
Af Auburn LLC
since 2021
Last sale
$11.9M
7 recorded transactions
Zoning & alternative use
C3 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$9.2M
+133.8%
Commercial (general)
$7.6M
+93.4%
Restaurant
$7.2M
+83.6%
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
$11,005,000
ML approach
$9,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,200,000
Change: +134% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,610,000
Change: +93% · Conversion: Easy
RESTAURANT
$7,220,000
Change: +84% · Conversion: Easy
MEDICAL BUILDING
$5,720,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$8.66M
Range $7.79M – $9.53M · ±10% · vs last sale $11.93M (Sep 13 2024)
Last sale anchor
$11.93M
Sep 13 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
$598 / 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
$28,129
Tax year 2022
Assessed value
$2,262,600
Assessed 2022
Previous assessed
$2,262,600
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,005,200
Assessed improvement
$1,257,400
Land market value
$1,005,200
Improvement market value
$1,257,400
Total market value
$2,262,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Total area
14,484 SF
Lot
1.44 ac (62,825 SF)
Zoning code
C3
APN
302105-9017
UPID
US90-1694516
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
$9.2M
COMMERCIAL (GENERAL)
Est. value
$7.6M
RESTAURANT
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$5.7M
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
Af Auburn LLC
Entity
Mailing address
530 LA GONDA WAY STE B, DANVILLE, CA 94526-1727
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
—
Af Auburn LLC
—
Deed
related
$2,500,000 · Forbix Capital Corp
Sep 24, 2021
$10,300,000
Af Auburn LLC
Da Li Development LLC
Warranty Deed
$6,700,000 · Axos Bank
Jan 14, 2016
$10,600,000
Da Li Development LLC
White River Junction LLC
Warranty Deed
$7,420,000 · Taiwan Cooperative Bank Ltd
Nov 16, 2007
$14,150,000
White River Junction LLC
South Auburn Associates LLP
Warranty Deed
$10,600,000 · Chinatrust Bank USA
Mar 29, 2002
—
South Auburn Associates LLP
—
Deed Of Trust
related
$3,850,000 · Ge Life & Annuity Assurance Co
Jul 18, 1990
$260,000
Auburn Business South
Eichler
Grant Deed
$213,200 · Seller
—
—
White River Junction LLC
—
Loan Modification
related
$9,402,106 · Ctbc Bk Corp (usa)
—
—
Auburn Business Park South
—
Deed Of Trust
related
—
—
—
Auburn Business Park Ass South
—
Deed Of Trust
related
$1,400,000 · National Mortgage Co
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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