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Property profile & analytics
OFF-MARKET
Estimated value
$15,100,000
Warehouses
813 44th NW St, Auburn, WA 98001-1793
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-2503896
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
49,435 SF
Lot
2.5 ac (109,064 SF)
Zoning code
M1
APN
362204-9021
UPID
US90-2503896
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
-
East Green Purchasing Inc Grocery & Convenience Store Distribution Center
-
Prologis Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.10M
CAP Approach
CAP
$9.29M
Comparable Approach
Comparable
$9.85M
Blend (final)
Blend
$15.10M
Owner & transaction history
Ella Estate Wa Corp · 2 yrs held
Ella Estate Wa Corp
since 2024
Last sale
$15.1M
5 recorded transactions
Zoning & alternative use
M1 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$24.7M
+157.4%
Medical building
$19.5M
+103.9%
Apartment house (5+ units)
$17.1M
+79.0%
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
$15,100,000
ML approach
$15,100,000
CAP Approach
CAP Return
Estimation
6%
$10,060,000
6.5%
$9,290,000
7%
$8,625,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,575,000
Current use
RESTAURANT
$24,650,000
Change: +157% · Conversion: Difficult
MEDICAL BUILDING
$19,525,000
Change: +104% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$17,140,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,005,000
Change: +78% · Conversion: Easy
OFFICE BUILDING
$14,345,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$15.10M
Range $13.59M – $16.61M · ±10% · vs last sale $15.10M (Jan 30 2024)
Last sale anchor
$15.10M
Jan 30 2024
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
$305 / 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
$87,059
Tax year 2022
Assessed value
$7,546,000
Assessed 2022
Previous assessed
$7,546,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,526,800
Assessed improvement
$6,019,200
Land market value
$1,526,800
Improvement market value
$6,019,200
Total market value
$7,546,000
Applied tax rate
202.0000
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
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Total area
49,435 SF
Lot
2.5 ac (109,064 SF)
Zoning code
M1
APN
362204-9021
UPID
US90-2503896
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Auburn, WA
Zoning M1 · permitted uses
M1 · 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
WAREHOUSE, STORAGE Current
Est. value
$9.6M
RESTAURANT
Est. value
$24.7M
MEDICAL BUILDING
Est. value
$19.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.1M
AUTO REPAIR, GARAGE
Est. value
$17.0M
OFFICE BUILDING
Est. value
$14.3M
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2014
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Lot
2.5 ac
Current owner
From public records · entity-resolved
Ella Estate Wa Corp
Entity
Mailing address
3402 W VLY HWY NC100, AUBURN, WA 98001-2456
Ownership since
2024
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
Mar 14, 2025
—
Ella Estate Wa Corp
—
Deed
related
$650,000 · Pcb Bank
Jan 30, 2024
$15,100,000
Ella Estate Wa Corp
Michael Nelson Properties LLC
Warranty Deed
$10,500,000 · Pcb Bank
Dec 30, 2014
—
City Of Auburn|dct Auburn 44 LLC
Dct Auburn 44 LLC
Quit Claim Deed
—
Aug 19, 2013
$954,310
Dct Auburn 44 LLC
Scott,rodger C & Stella G
Warranty Deed
—
Apr 21, 2006
$486,720
Rodger C Scott
Sequence Farms South LLC
Warranty Deed
—
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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