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Property profile & analytics
OFF-MARKET
Estimated value
$8,725,000
Warehouses
47 37th NE St Auburn, WA 98002-1715
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0768158
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,846 SF
Lot
4.49 ac (195,393 SF)
Zoning code
M1
APN
158260-0014
UPID
US90-0768158
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
-
Solara Boats (Bike/Boat/Book/etc) Store
-
Ranger Tugs (Bike/Boat/Book/etc) Store Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.72M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.45M
Blend (final)
Blend
$8.73M
Owner & transaction history
Cref3 Auburn Owner LLC · 3 yrs held
Cref3 Auburn Owner LLC
since 2022
Last sale
$9.5M
7 recorded transactions
Zoning & alternative use
M1 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.1M
+91.5%
Restaurant
$13.4M
+81.7%
Medical building
$10.6M
+44.0%
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
$8,460,000
ML approach
$8,720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,365,000
Current use
COMMERCIAL (GENERAL)
$14,105,000
Change: +91% · Conversion: Difficult
RESTAURANT
$13,385,000
Change: +82% · Conversion: Difficult
MEDICAL BUILDING
$10,605,000
Change: +44% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,305,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,235,000
Change: +25% · Conversion: Easy
RETAIL STORES
$7,295,000
Change: -1% · Conversion: Moderate
Blend value · Realmo final
$8.73M
Range $7.85M – $9.60M · ±10% · vs last sale $9.50M (Sep 7 2022)
Last sale anchor
$9.50M
Sep 7 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
$325 / 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
$44,407
Tax year 2022
Assessed value
$3,643,900
Assessed 2022
Previous assessed
$3,643,900
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,740,600
Assessed improvement
$1,903,300
Land market value
$1,740,600
Improvement market value
$1,903,300
Total market value
$3,643,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Total area
26,846 SF
Lot
4.49 ac (195,393 SF)
Zoning code
M1
APN
158260-0014
UPID
US90-0768158
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.4M
COMMERCIAL (GENERAL)
Est. value
$14.1M
RESTAURANT
Est. value
$13.4M
MEDICAL BUILDING
Est. value
$10.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.3M
AUTO REPAIR, GARAGE
Est. value
$9.2M
RETAIL STORES
Est. value
$7.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Lot
4.49 ac
Current owner
From public records · entity-resolved
Cref3 Auburn Owner LLC
Entity
Mailing address
4550 TRAVIS ST, DALLAS, TX 75205-4666
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2022
$9,500,000
Cref3 Auburn Owner LLC
Jjl LLC
Warranty Deed
—
Oct 3, 2017
—
Jjl LLC
—
Deed
related
$1,547,364 · Bank Of America
Dec 21, 2012
$2,300,000
Jjl LLC
Arima,juichi
Grant Deed
$1,840,000 · Bank Of America
—
—
Juichi Arima
—
Deed Of Trust
related
$100,000 · Pacific Northwest Bank
—
—
Juichi Arima
—
Deed Of Trust
related
$184,096 · Wells Fargo Bank
—
—
Juichi Arima
—
Deed Of Trust
related
$400,000 · Pacific Northwest Bank
—
—
Jjl LLC
—
Deed Of Trust
related
$1,547,364 · Bank Of America
—
—
Juichi Arima
—
Deed Of Trust
related
$200,000 · Wells Fargo Bank
—
—
Juichi Arima
—
Deed Of Trust
related
$200,000 · Wells Fargo Bank
—
—
Juichi Arima
—
Deed Of Trust
related
$490,472 · Wells Fargo Bank
—
—
Juichi Arima
—
Deed Of Trust
related
$483,072 · Wells Fargo 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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