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Property profile & analytics
OFF-MARKET
Estimated value
$2,690,000
Office buildings
4508 Auburn N Way Auburn, WA 98002-1381
Entity Owned
33-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1400954
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
WOOD
Total area
16,205 SF
Lot
2.12 ac (92,528 SF)
Zoning code
C3
APN
936060-0261
UPID
US90-1400954
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
-
Genoa Healthcare Pharmacy
-
Fornabai Law Office Law Firm
-
Puget Sound Uniserv Council Association Or Organization
-
Vincent Edward Stanton - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Ann Marie Scott - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$2.69M
Owner & transaction history
Gatx Realty Corporation · 33 yrs held
Gatx Realty Corporation
since 1992
7 recorded transactions
Zoning & alternative use
C3 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.4M
+20.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,700,000
Current use
WAREHOUSE, STORAGE
$4,445,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$2.69M
Range $2.42M – $2.96M · ±10%
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
$166 / 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
$32,386
Tax year 2022
Assessed value
$2,565,400
Assessed 2022
Previous assessed
$2,565,400
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,387,900
Assessed improvement
$1,177,500
Land market value
$1,387,900
Improvement market value
$1,177,500
Total market value
$2,565,400
Applied tax rate
150.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
16,205 SF
Lot
2.12 ac (92,528 SF)
Zoning code
C3
APN
936060-0261
UPID
US90-1400954
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
OFFICE BUILDING Current
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$4.4M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
1990
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
2.12 ac
Current owner
From public records · entity-resolved
Gatx Realty Corporation
Entity
Mailing address
1402 AUBURN WAY N #436, AUBURN, WA 98002-3384
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1992
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
Dec 18, 2019
—
Riverbend Office Park LLC
—
Deed
related
$1,100,000 · Wells Fargo Bk
Feb 14, 2017
—
Riverbend Office Park LLC
—
Deed
related
$1,200,000 · Wells Fargo Bank NA
Oct 30, 1992
$800,000
Gatx Realty Corporation
H & L Services I
Grant Deed
—
Apr 3, 1990
$1,000,000
Commerical L Riverbend
P
Grant Deed
$1,220,000 · Company Misc
Feb 17, 1989
$160,000
P Hendley
Johansen
Grant Deed
$120,000 · Seller
—
—
Patrick Hendley
—
Deed Of Trust
related
$150,000 · Curran Jack
—
—
Riverbend Office Park LLC
—
Loan Modification
related
$1,100,000 · Wells Fargo Bk
—
—
Riverbend Office Park LLC
—
Deed Of Trust
related
$1,800,000 · L K & Beverly A Schoenfeld
—
—
Schoenfeld L K
—
Deed Of Trust
related
$950,000 · Pierce Commercial Bank
—
—
Riverbend Office Park LLC
—
Deed Of Trust
related
$1,375,000 · Valley 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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