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Property profile & analytics
OFF-MARKET
Estimated value
$3,610,000
Retail space
701 M NE St Auburn, WA 98002-4591
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0676181
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
WOOD
Total area
6,880 SF
Lot
1.12 ac (48,701 SF)
Zoning code
C3
APN
182105-9004
UPID
US90-0676181
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
-
truDental of Auburn Surgical Center Dental Office
-
Outpatient Physical Therapy & Rehab Services Medical Clinic
-
Paula Swain Physician
-
Radiators Sam's Mufflers Auto Repair Shop Vehicle Inspection Center
-
Jessica Stewart Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$3.61M
Owner & transaction history
Alex Tseng · 1 yrs held
Alex Tseng
since 2025
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
C3 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.4M
+133.8%
Commercial (general)
$3.6M
+93.4%
Restaurant
$3.4M
+83.6%
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
$4,680,000
ML approach
$4,735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,370,000
Change: +134% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,615,000
Change: +93% · Conversion: Easy
RESTAURANT
$3,430,000
Change: +84% · Conversion: Easy
MEDICAL BUILDING
$2,720,000
Change: +45% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,385,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,365,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$3.61M
Range $3.25M – $3.97M · ±10% · vs last sale $3.78M (Jun 30 2020)
Last sale anchor
$3.78M
Jun 30 2020
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
$525 / 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
$48,589
Tax year 2022
Assessed value
$4,100,400
Assessed 2022
Previous assessed
$4,100,400
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$584,400
Assessed improvement
$3,516,000
Land market value
$584,400
Improvement market value
$3,516,000
Total market value
$4,100,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
OTHER
Buildings
2
Stories
1
Total area
6,880 SF
Lot
1.12 ac (48,701 SF)
Zoning code
C3
APN
182105-9004
UPID
US90-0676181
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
INDUSTRIAL (GENERAL)
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RESTAURANT
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.4M
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1986
Construction
WOOD
Heating
OTHER
Stories
1
Buildings
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Alex Tseng
Individual
Mailing address
7426 SE 27TH ST STE #100, MERCER ISLAND, WA 98040-2789
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2025
—
Alex Tseng
Kwang Tseng
Deed
related
—
Jun 30, 2020
$3,780,000
Meng K Tseng
Couture Investment Group A LLC
Warranty Deed
$2,976,000 · Gesa Cu
Oct 23, 2017
—
Couture Investment Group A LLC
—
Deed
related
$75,000 · Gesa Cu
Sep 7, 2016
—
Couture Investment Group-a LLC
Couture John F Family Trust
Quit Claim Deed
related
—
Feb 17, 2016
$3,550,000
John Francis Couture
Hood M Street Retail Center LLC
Warranty Deed
$2,690,000 · Gesa Cu
Jun 18, 2009
$11,100
Puget Sound Energy INC
Hood M Street Retail Ctr LLC
Grant Deed
—
Jun 11, 2009
—
City Of Auburn
Hood M Street Retail Ctr LLC
Warranty Deed
—
Jul 16, 2007
$3,216,021
Hood M Street Retail Center LLC
M Street Investors LLC
Warranty Deed
$2,005,000 · Boeing Employees Cu
Mar 31, 2003
$2,043,200
M Street Investors LLC
Hanche,scott E
Grant Deed
—
Dec 28, 2000
—
Scott E Hancher
Hancher,scott E
Quit Claim Deed
related
—
Jan 3, 2000
$1,800,000
Hancher Trust
Auburn Professional Building
Grant Deed
$1,288,000 · Everett Mutual Savings Bank
—
—
Auburn Professional Building
—
Deed Of Trust
related
$857,702 · 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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