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Property profile & analytics
OFF-MARKET
Estimated value
$8,675,000
Warehouses
49 37th NW St Auburn, WA 98001-1737
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0824827
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
47,019 SF
Lot
2.44 ac (106,237 SF)
Zoning code
M1
APN
885550-0030
UPID
US90-0824827
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
-
Salon Services Pro - Auburn (Bike/Boat/Book/etc) Store Cosmetic Store
-
The Genius Brand - Health Supplement Revolution (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.24M
CAP Approach
CAP
$8.84M
Comparable Approach
Comparable
$8.14M
Blend (final)
Blend
$8.68M
Owner & transaction history
Sgm LLC · 4 yrs held
Sgm LLC
since 2021
Last sale
$8.4M
7 recorded transactions
Zoning & alternative use
M1 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.6M
+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
$9,050,000
ML approach
$9,235,000
CAP Approach
CAP Return
Estimation
6%
$9,570,000
6.5%
$8,835,000
7%
$8,205,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,105,000
Current use
OFFICE BUILDING
$13,645,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$8.68M
Range $7.81M – $9.54M · ±10% · vs last sale $8.40M (Sep 3 2021)
Last sale anchor
$8.40M
Sep 3 2021
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
$184 / 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
$76,960
Tax year 2022
Assessed value
$6,237,100
Assessed 2022
Previous assessed
$6,237,100
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,487,300
Assessed improvement
$4,749,800
Land market value
$1,487,300
Improvement market value
$4,749,800
Total market value
$6,237,100
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
47,019 SF
Lot
2.44 ac (106,237 SF)
Zoning code
M1
APN
885550-0030
UPID
US90-0824827
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
$9.1M
OFFICE BUILDING
Est. value
$13.6M
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
2.44 ac
Current owner
From public records · entity-resolved
Sgm LLC
Entity
Mailing address
49 37TH ST NW, AUBURN, WA 98001-1737
Ownership since
2021
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
Sep 3, 2021
$8,400,000
Sgm LLC
Oliver 37th St LLC
Warranty Deed
$6,000,000 · Columbia State Bank
Sep 2, 2015
—
Oliver 37th St LLC
Oliver Property LLC
Quit Claim Deed
related
—
May 19, 2015
$4,000,000
Oliver Property LLC
Asplund General Ptshp
Warranty Deed
$2,319,200 · Bank Of The West
Mar 14, 2007
$83,000
Global Signal Acuisitions LLC
Asplund Gp
Grant Deed
—
Nov 19, 2002
—
Asplund General Partnership
—
Trustees Deed
related
$1,425,000 · Mt Rainier National Bank
Jun 6, 1991
—
Asplund General Partnership
Asplund,john M&i
Grant Deed
related
—
—
—
Oliver 37th St LLC
—
Loan Modification
related
—
—
—
Oliver 37th St LLC
—
Loan Modification
related
—
—
—
Oliver 37th St LLC
—
Deed Of Trust
related
$1,835,000 · Northwest Busn Dev Assn
—
—
Asplund General Partnership
—
Deed Of Trust
related
$125,000 · Mt Rainier National 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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