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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    521 8th SW St Auburn, WA 98001-5920

    • Distribution centers
    • 286,350 SF
    • 13.84 lot acres
    OFF-MARKET
    Last Sale
    Aug 20, 2024
    $58,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1348152
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Parts ASAP | Summit Supply LLC / Construction Equipment Supplier
    • Edward Don & Company / Distribution Service
    • American Tire Distributors / Tire Shop / Warehouse
    • Qulity Heating And Air Conditioner Repair / Hvac Contractor
    • Smith & Greene Co / Restaurant Supply Store

    Property Details for 521 8th SW St

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    13.84 lot acres
    Property size
    286,350 SF
    Zone code
    M1
    Property type
    Distribution centers
    APN
    132104-9019
    APU
    1321049019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market
      ML approach
      Off market

    • CAP approach

      CAP Return
      Estimation
      6%
      $58,285,000
      6.5%
      $53,800,000
      7%
      $49,960,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $67,808,000
      Market price range: $49.1M - $75.1M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $55,465,000
      Current use
      OFFICE BUILDING
      $83,095,000
      Change: +50% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    King
    State
    Washington
    Longitude
    -122.237
    Latitude
    47.3016
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $599,017
    $6,028,800
    $45,924,000
    $51,952,800
    -
    $6,028,800
    $45,924,000
    $51,952,800

    Comparable in this City

    • Value Estimation
      $48,010,000
      397,156 SF

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      DISTRIBUTION WAREHOUSE • 397,156 SF
      4510 Frontage Rd, Auburn, WA 98001-1741
      View Details
    • Value Estimation
      $34,575,000
      282,943 SF

      6408 287th St

      DISTRIBUTION WAREHOUSE • 282,943 SF
      6408 287th St, Auburn, WA 98001-7232
      View Details
    • Value Estimation
      $6,500,000
      65,100 SF

      400 Boundary Blvd

      DISTRIBUTION WAREHOUSE • 65,100 SF
      400 Boundary Blvd, Auburn, WA 98001-6523
      View Details
    • Value Estimation
      $2,590,000
      19,680 SF

      2601 Vly N Hwy

      DISTRIBUTION WAREHOUSE • 19,680 SF
      2601 Vly N Hwy, Auburn, WA 98001-1621
      View Details
    • Value Estimation
      $5,380,000
      50,000 SF

      3902 B NW St

      DISTRIBUTION WAREHOUSE • 50,000 SF
      3902 B NW St, Auburn, WA 98001-2425
      View Details
    • Value Estimation
      $6,530,000
      58,597 SF

      1220 37th NW St

      DISTRIBUTION WAREHOUSE • 58,597 SF
      1220 37th NW St, Auburn, WA 98001-2433
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.31 Acres

      Auburn Industrial Land - 2.31 Acres

      Prime Auburn industrial land, M-1 zoning.
      121 49Th St, Auburn, WA 98001
      View Details
    • $6,600,000
      11,150 SF

      Industrial Warehouse Near SR-167

      Divisible industrial warehouse space available near SR-167 in Auburn, WA.
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      High-traffic location, income-producing property
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      Auburn Commercial Land Opportunity

      High-traffic corner lot, redevelopment potential.
      34049 Military Rd, Auburn, WA 98001
      View Details
    • $1,100,000
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      Auburn Corner Lot with Income

      Corner lot with high visibility and income-generating espresso stand.
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      Auburn Commercial Development Opportunity

      8,640 SF commercial lot in Auburn's core.
      509 C St SW, Auburn, WA 98001
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    Similar Nearby for Lease

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      91,110 SF

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      91,110 SF Manufacturing/Warehouse Space
      3320 Valley Hwy, Auburn, WA 98001
      View Details
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      55,466 SF

      Auburn Industrial Space Available

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    • Contact for pricing
      105,208 SF

      Auburn Industrial Facility

      105,208 SF Warehouse, Ready Now
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      View Details
    • Contact for pricing
      52,530 SF

      Auburn Industrial Space - 52,530 SF

      Multi-tenant warehouse; 15,763 SF available.
      4520 B St, Auburn, WA 98001
      View Details
    • Contact for pricing
      43,200 SF

      Secured Truck Yard for Lease

      Fenced truck yard with 12 trailer stalls available for lease.
      1701 Pike St NW, Auburn, WA 98001
      View Details
    • Contact for pricing
      1,600,000 SF

      Federal Way Warehouse Space

      Large industrial warehouse space available for lease in Federal Way.
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      View Details

    Property Visit Statistics

    • Visits by month
      2.9k
    • Visitors by month
      669
    • Avg Time on site
      37 min
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    521 8th SW St
    Auburn, WA 98001-5920
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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