Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,465,000
Assisted living facilities
502 29th SE St Auburn, WA 98002-7532
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1495581
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1987
Construction
WOOD
Total area
38,200 SF
Lot
3.8 ac (165,646 SF)
Zoning code
I
APN
007100-0020
UPID
US90-1495581
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
-
Canterbury House Nursing Home
-
Evergreen Healthcare Medical Clinic
-
Suzanne L. Sims, PT Physician
-
Melaine F. Mendoza, OTRP Physician
-
Jana Wakasugi Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.17M
Blend (final)
Blend
$9.47M
Owner & transaction history
Canterbury House Snf Realty LLC · 2 yrs held
Canterbury House Snf Realty LLC
since 2023
Last sale
$9.8M
7 recorded transactions
Zoning & alternative use
I · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The institutionalzoneis intended to provide an area wherein educational and theologicalusesin a campus like setting are permitted, which may not be permitted outright within otherzones
Zone name
Institutional Use District
General category
CIVIC_INSTITUTIONAL
Zone area
925.37 ac
Source
Realmo
Top alternative use upside
Medical building
$15.1M
+60.5%
Apartment house (5+ units)
$13.2M
+40.9%
Auto repair, garage
$13.1M
+39.8%
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
$9,340,000
ML approach
$8,920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$9,400,000
Current use
MEDICAL BUILDING
$15,090,000
Change: +61% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,245,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,140,000
Change: +40% · Conversion: Difficult
WAREHOUSE, STORAGE
$10,480,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$9.47M
Range $8.52M – $10.41M · ±10% · vs last sale $9.80M (Sep 7 2023)
Last sale anchor
$9.80M
Sep 7 2023
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
$248 / 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
$103,888
Tax year 2022
Assessed value
$8,801,900
Assessed 2022
Previous assessed
$8,801,900
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,656,400
Assessed improvement
$7,145,500
Land market value
$1,656,400
Improvement market value
$7,145,500
Total market value
$8,801,900
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
100
Total area
38,200 SF
Lot
3.8 ac (165,646 SF)
Zoning code
I
APN
007100-0020
UPID
US90-1495581
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
I · Auburn, WAZoning I · permitted uses
I · Auburn, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The institutionalzoneis intended to provide an area wherein educational and theologicalusesin a campus like setting are permitted, which may not be permitted outright within otherzones
Zone name
Institutional Use District
General category
CIVIC_INSTITUTIONAL
Zone area
925.37 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$9.4M
MEDICAL BUILDING
Est. value
$15.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.2M
AUTO REPAIR, GARAGE
Est. value
$13.1M
WAREHOUSE, STORAGE
Est. value
$10.5M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1987
Construction
WOOD
Heating
FORCED AIR
Stories
1
Units
100
Lot
3.8 ac
Current owner
From public records · entity-resolved
Canterbury House Snf Realty 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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2026
—
Canterbury House Snf Realty LLC
—
Deed
related
$525,000,000 · Welltower Lending Group LLC
Sep 7, 2023
$9,800,000
Canterbury House Snf Realty LLC
Canterbury Investors LLC
Warranty Deed
$270,000,000 · Well Lending Group LLC
Nov 1, 1999
—
Canterbury Investors LLC
New Arlington Assoc
Grant Deed
related
—
Jun 17, 1999
—
Schey Trust
Kmac INC
Grant Deed
related
—
Oct 23, 1998
$6,200,000
New Arlington Associates
Tai Care LLC
Grant Deed
$4,570,000 · Gmac Mortgage Corp
Jan 3, 1995
$4,665,900
Tai Care LLC
Careage Healthcare California
Grant Deed
related
$3,819,000 · Seattle-first National Bank
Dec 16, 1994
—
Careage Healthcare Of Ca INC
Lynn,gene E
Quit Claim Deed
related
—
—
—
Canterbury Investors LLC
—
Deed Of Trust
related
$4,050,000 · Standard Insurance Co
—
—
Canterbury Investors LLC
—
Deed Of Trust
related
$3,920,000 · Leefco
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 502 29th SE St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
