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Property profile & analytics
FOR LEASE
Showrooms
4104 C St NE 100 Auburn, WA 98002
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1731997
For Lease
1 / 2
$45,000,000
4104 C St NE,Unit 100, Auburn, WA 98002
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
203,497 SF
Lot
7.52 ac (327,453 SF)
Zoning code
M1
APN
232973-0080
UPID
US90-1731997
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
-
Car Toys Inc Distribution Center Distribution Center Logistics Company
-
Speedy Movers Moving Company
-
Zippy Shell Moving Company Storage Facility
-
1-800-PACK-RAT Moving Company
-
Starbucks DC Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$45.00M
CAP Approach
CAP
$52.30M
Comparable Approach
Comparable
$33.02M
Blend (final)
Blend
$45.00M
Owner & transaction history
Emerald Corporate Park Owner LP · 2 yrs held
Emerald Corporate Park Owner LP
since 2024
Last sale
$45.0M
7 recorded transactions
Zoning & alternative use
M1 · 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
$45,000,000
ML approach
$45,000,000
CAP Approach
CAP Return
Estimation
6%
$56,660,000
6.5%
$52,300,000
7%
$48,565,000
Blend value · Realmo final
$45.00M
Range $40.50M – $49.50M · ±10% · vs last sale $45.00M (Apr 23 2024)
Last sale anchor
$45.00M
Apr 23 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
$221 / 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
$529,421
Tax year 2024
Assessed value
$35,997,600
Assessed 2023
Previous assessed
$35,997,600
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$4,584,300
Assessed improvement
$31,413,300
Land market value
$4,584,300
Improvement market value
$31,413,300
Total market value
$35,997,600
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
203,497 SF
Lot
7.52 ac (327,453 SF)
Zoning code
M1
APN
232973-0080
UPID
US90-1731997
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Auburn, WAZoning M1 · permitted uses
M1 · Auburn, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
7.52 ac
Current owner
From public records · entity-resolved
Emerald Corporate Park Owner LP
Entity
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2024
$45,000,000
Emerald Corporate Park Owner LP
Lbappf Industrial-emerald LLC
Special Warranty Deed
—
Apr 27, 2012
—
Lba Of Ppf Industrial-emerald LLC
—
Deed Of Trust
related
$58,700,000 · Hartford Life Insurance Co
Mar 1, 2012
$13,035,000
Lba Of Ppf Industrial-emerald LLC
Soundstar Emerald LLC
Grant Deed
—
Feb 17, 2009
$10,850,000
Soundstar Emerald LLC
Miller Land & Timber LLC
Warranty Deed
—
—
—
Lba Of Ppf Industrial-emerald LLC
—
Deed Of Trust
related
$58,700,000 · Hartford Life Insurance Co
—
—
Miller Land & Timber LLC
—
Deed Of Trust
related
$3,550,000 · Seattle Farm Life Insurance Co
—
—
Car Toys INC
—
Deed Of Trust
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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