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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Outlet malls
421 Warde St Auburn, WA 98001-8505
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0837064
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2002
Construction
WOOD
Total area
8,400 SF
Lot
0.3 ac (13,264 SF)
Zoning code
C-1
APN
954300-0095
UPID
US90-0837064
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
-
DistribuDoors Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
421 Warde Street LLC · 3 yrs held
421 Warde Street LLC
since 2023
Last sale
$35,000
6 recorded transactions
Zoning & alternative use
C-1 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
permitted in the C-1 light commercial and the densities of the R4 residential high zone . New development and redevelopment will incorporate a mix of residential and commercial uses . In addition, parks and open spaces are encouraged and may be permitted through the administrative use permit process. 2. Street-level development is encouraged to be retail or…
Zone name
Light Commercial District
General category
COMMERCIAL
Zone area
238.33 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$136 / 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
$13,587
Tax year 2022
Assessed value
$1,142,900
Assessed 2022
Previous assessed
$1,142,900
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$132,600
Assessed improvement
$1,010,300
Land market value
$132,600
Improvement market value
$1,010,300
Total market value
$1,142,900
Applied tax rate
51.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
8,400 SF
Lot
0.3 ac (13,264 SF)
Zoning code
C-1
APN
954300-0095
UPID
US90-0837064
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Auburn, WAZoning C-1 · permitted uses
C-1 · Auburn, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
permitted in the C-1 light commercial and the densities of the R4 residential high zone . New development and redevelopment will incorporate a mix of residential and commercial uses . In addition, parks and open spaces are encouraged and may be permitted through the administrative use permit process. 2. Street-level development is encouraged to be retail or higher traffic local businesses or offices, and residential is encouraged on the upper levels of buildings . This zoning district should be walkable and bikeable to neighborhood commercial services and transit facilities and have a high level of street activation and amenities. H.
Zone name
Light Commercial District
General category
COMMERCIAL
Zone area
238.33 ac
Building & site characteristics
From public records
Year built
2002
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
421 Warde Street LLC
Entity
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
Feb 9, 2023
—
421 Warde Street LLC
John S Kocher
Quit Claim Deed
related
—
Aug 1, 2005
—
John Kocher
Kocher,kim
Quit Claim Deed
related
$252,527 · Valley Bank
May 6, 2002
—
John Kocher
—
Trustees Deed
related
$400,000 · Valley Bank
Mar 7, 2001
$35,000
John Kocher
Echo Lake Community Church
Grant Deed
$25,000 · Seller
Dec 7, 1999
—
Echo Lake Community Church
Monson,john & Dorothy
Grant Deed
related
—
—
—
John S Kocher
—
Deed Of Trust
related
$600,000 · Ironstone Bank
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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