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Property profile & analytics
OFF-MARKET
Estimated value
$8,840,000
Industrial properties
4040 Auburn N Way, Auburn, WA 98002-1394
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0362986
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,968 SF
Lot
0.71 ac (31,144 SF)
Zoning code
C3
APN
000400-0111
UPID
US90-0362986
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
-
West Coast Ironworks Metal Fabrication Plant Factory
-
K.L Decoration Studio Event Planning Wedding Service
-
Auburn City Line Temple
-
Print Service Northwest Inc Marketing & Advertising Printing Service
-
Automotive Industrial Paint Supply Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.11M
Blend (final)
Blend
$8.84M
Owner & transaction history
Mca Igf Auburn LLC · 3 yrs held
Mca Igf Auburn LLC
since 2023
Last sale
$9.0M
6 recorded transactions
Zoning & alternative use
C3 · 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
$8,580,000
ML approach
$8,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,600,000
Current use
COMMERCIAL (GENERAL)
$6,290,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$8.84M
Range $7.96M – $9.72M · ±10% · vs last sale $9.00M (Mar 1 2023)
Last sale anchor
$9.00M
Mar 1 2023
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
$739 / 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
$24,696
Tax year 2022
Assessed value
$1,923,300
Assessed 2022
Previous assessed
$1,923,300
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$311,400
Assessed improvement
$1,611,900
Land market value
$311,400
Improvement market value
$1,611,900
Total market value
$1,923,300
Applied tax rate
138.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
11,968 SF
Lot
0.71 ac (31,144 SF)
Zoning code
C3
APN
000400-0111
UPID
US90-0362986
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) Current
Est. value
$7.6M
COMMERCIAL (GENERAL)
Est. value
$6.3M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Mca Igf Auburn LLC
Entity
Mailing address
1750 E DEERE AVE, SANTA ANA, CA 92705-5719
Ownership since
2023
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
Mar 1, 2023
$9,000,000
Mca Igf Auburn LLC
Auburn Business Center LLC
Warranty Deed
$6,773,000 · Zb NA
Nov 18, 2011
—
Auburn Business Center LLC
Baumann,john P & Cynthia J
Quit Claim Deed
related
—
Jul 21, 2004
—
John P Baumann
—
Deed Of Trust
related
$2,000,000 · Sun Life Assurance Co Canada
Mar 26, 2001
—
John P Baumann
Auburn Partners
Grant Deed
related
$793,019 · Exchange Facilitator Corp
Jul 17, 1997
—
Auburn Partners
—
Deed Of Trust
related
$1,800,000 · Sun Life Assurance Co Canada
—
—
John P Baumann
—
Deed Of Trust
related
$2,000,000 · Sun Life Assurance 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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