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Property profile

903 E Main St Auburn, WA 98002

FOR LEASE
Office Spaces
Property ID
US90-0206223
7,040 SF 0.3 ac lot Built 1981
Last sale Oct 2021 · $1,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Cascade Plaza, located at 903 E Main St, Auburn, WA 98002, offers a unique opportunity to lease office space in a well-established building. This Class C property, built in 1980, features a total of 7,040 square feet across two stories. Currently, one executive office space of 321 square feet is available for lease. The building is zoned RO, Auburn, and sits on a 0.3-acre lot (APN: 685870-0120), within the Federal Way/Auburn submarket (Southend cluster). The available space boasts abundant…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$12k
Tax billed · 2022
Assessed value$944k
Assessed land$197k
Assessed improvement$747k
Effective rate1.28%

Value estimate

· Oct 2026
$1.08M
$968k – $1.18M
AI approach$1.13M
Submarket $/SF estimate$866k
NOI build-up
Gross scheduled income$253k
Vacancy & credit loss−$56k
Operating expenses−$49k
NOI · 26,604.30% cap applied$148k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$525/SF
Submarket average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$162 – $884
Qualifying comparables6

Cap rate analysis

How does the asset earn?
26,604.30%
$148k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
RO
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Storage Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Storage Facility11.3
Watch Repair Shop8.9
Florist8.8

Location

903 E Main St Auburn, WA 98002
County assessor Recorded deeds · 5 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
805 Harvey NE, Auburn, WA 98002 $1,530,000 Dec 2024 6,580 SF
240 Auburn S, Auburn, WA 98002-5452 $2,250,000 Dec 2024 6,000 SF
230 Auburn S, Auburn, WA 98002-5451 $2,250,000 Dec 2024 6,000 SF
2326 Auburn N, Auburn, WA 98002-2818 $2,300,000 Sep 2024 5,896 SF
309 2nd SE, Auburn, WA 98002-5543 $1,775,000 Nov 2023 4,170 SF
1020 A SE, Auburn, WA 98002-6063 $1,350,000 Jun 2022 7,216 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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