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Property profile & analytics
OFF-MARKET
Estimated value
$3,470,000
Warehouses
4156 B NW Pl, Auburn, WA 98001-2446
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0443207
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
19,130 SF
Lot
0.88 ac (38,264 SF)
Zoning code
M1
APN
885551-0110
UPID
US90-0443207
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
-
Conrad Manufacturing Co Inc Industrial Manufacturer Production Facility
-
Swinerton warehouse Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.31M
CAP Approach
CAP
$3.60M
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$3.47M
Owner & transaction history
Civf Vi Wa1w02 LLC · 4 yrs held
Civf Vi Wa1w02 LLC
since 2022
Last sale
$3.7M
7 recorded transactions
Zoning & alternative use
M1 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.6M
+49.8%
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
$3,280,000
ML approach
$3,305,000
CAP Approach
CAP Return
Estimation
6%
$3,895,000
6.5%
$3,595,000
7%
$3,335,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,705,000
Current use
OFFICE BUILDING
$5,550,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$3.47M
Range $3.12M – $3.82M · ±10% · vs last sale $3.68M (Mar 16 2022)
Last sale anchor
$3.68M
Mar 16 2022
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
$181 / 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
$30,479
Tax year 2022
Assessed value
$2,365,300
Assessed 2022
Previous assessed
$2,365,300
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$535,600
Assessed improvement
$1,829,700
Land market value
$535,600
Improvement market value
$1,829,700
Total market value
$2,365,300
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
19,130 SF
Lot
0.88 ac (38,264 SF)
Zoning code
M1
APN
885551-0110
UPID
US90-0443207
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
WAREHOUSE, STORAGE Current
Est. value
$3.7M
OFFICE BUILDING
Est. value
$5.6M
WAREHOUSE, STORAGE Current
OFFICE 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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
Civf Vi Wa1w02 LLC
Entity
Mailing address
2151 MICHELSON DR STE #282, IRVINE, CA 92612-1374
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2025
—
Civf Vi Wa1w02 LLC
—
Deed
related
$110,000,000 · Equitable Financial Life Insurance Compa
Mar 16, 2022
$3,680,000
Civf Vi Wa1w02 LLC
Larry J Boyle
Warranty Deed
—
Nov 1, 2021
—
Ronald Boyle
Mollie Boyle
Intrafamily Transfer
related
—
Oct 29, 2021
—
Larry J Boyle
Bc Holding
Quit Claim Deed
related
—
Jan 13, 2021
—
Bc Holding Co
—
Deed
related
$512,677 · Venture Bk
Jul 11, 1995
$315,000
B C Holding Co
Hebert,henry & Karen
Grant Deed
$672,000 · Cascade Community Bank
Jun 19, 1992
$168,000
Henry Herbert
Ryan
Grant Deed
$159,600 · Company Misc
—
—
Bc Holding Co
—
Deed Of Trust
related
$512,677 · Venture Bank
—
—
B C Holding Co
—
Deed Of Trust
related
$647,847 · Cascade Community Bank
—
—
Bc Holding Co
—
Deed Of Trust
related
$512,677 · Venture Bk
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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