Back to Search
Property profile & analytics
OFF-MARKET
Office Spaces
707 37th SE St Auburn, WA 98002-8032
Individually Owned
4-yr Hold
Free & Clear
Property ID
US90-0171305
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1947
Construction
WOOD
Total area
2,432 SF
Lot
9.36 ac (407,564 SF)
Zoning code
RMHP
APN
302105-9100
UPID
US90-0171305
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
-
Interiors&Exteriors JJ LLc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jonathan Le · 4 yrs held
Jonathan Le
since 2022
Last sale
$133,600
5 recorded transactions
Zoning & alternative use
RMHP · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$73,865
Tax year 2022
Assessed value
$6,770,000
Assessed 2022
Previous assessed
$6,770,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,037,800
Assessed improvement
$4,732,200
Land market value
$2,037,800
Improvement market value
$4,732,200
Total market value
$6,770,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Stories
1
Total area
2,432 SF
Lot
9.36 ac (407,564 SF)
Zoning code
RMHP
APN
302105-9100
UPID
US90-0171305
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RMHP · Auburn, WAZoning RMHP · permitted uses
RMHP · Auburn, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1947
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
1
Lot
9.36 ac
Current owner
From public records · entity-resolved
Jonathan Le
Individual
Free & Clear · 4 yrs held
Mailing address
707 37TH ST SE, AUBURN, WA 98002-8032
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2022
$133,600
Jonathan Le
Galina Nesterova
Deed
—
Aug 12, 2021
—
City Of Auburn
Spaid Unique Manor LLC
Deed
—
May 18, 2021
—
City Of Auburn
Spaid Unique Manor LLC
Deed
—
Jul 27, 2006
—
Spaid Unique Manor LLC
Spaid,edward L & Anna C
Quit Claim Deed
—
Dec 9, 1998
$162,959
Va
Countrywide Home Loans INC
Grant Deed
related
—
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 707 37th 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.
