Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    904 Main St Auburn, WA 98001-5221

    • Manufacturing properties
    • 24,000 SF
    • 9.03 lot acres
    OFF-MARKET
    Last Sale
    Dec 30, 2021
    $22,015,000
    Value Estimations
    $22,585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1537845
    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

    • Pacific Rental & Leasing (PRL) / Car Rental Facility
    • Utility Trailer Sales of Washington / Car Dealership
    • PLM Fleet Seattle / Car Rental Facility

    Property Details for 904 Main St

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.03 lot acres
    Property size
    24,000 SF
    Zone code
    M1
    Property type
    Manufacturing properties
    APN
    132104-9007
    APU
    1321049007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $23,720,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $22,592,000
      Market price range: $4.78M - $23.7M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $15,240,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    King
    State
    Washington
    Longitude
    -122.24
    Latitude
    47.3058
    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
    $63,091
    $3,823,000
    $1,566,400
    $5,389,400
    -
    $3,823,000
    $1,566,400
    $5,389,400

    Comparable in this City

    • Value Estimation
      $48,390,000
      144,157 SF

      1600 M NW St

      MANUFACTURING (LIGHT) • 144,157 SF
      1600 M NW St, Auburn, WA 98001-4218
      View Details
    • Value Estimation
      $660,000
      7,546 SF

      412 8th SW St

      MANUFACTURING (LIGHT) • 7,546 SF
      412 8th SW St, Auburn, WA 98001-5902
      View Details
    • Value Estimation
      $2,490,000
      36,893 SF

      2702 Vly N Hwy

      MANUFACTURING (LIGHT) • 36,893 SF
      2702 Vly N Hwy, Auburn, WA 98001-1615
      View Details
    • Value Estimation
      $655,000
      8,800 SF

      540 3rd SW St

      MANUFACTURING (LIGHT) • 8,800 SF
      540 3rd SW St, Auburn, WA 98001
      View Details
    • Value Estimation
      $3,555,000
      52,950 SF

      4132 B NW Pl

      MANUFACTURING (LIGHT) • 52,950 SF
      4132 B NW Pl, Auburn, WA 98001-2446
      View Details
    • Value Estimation
      $2,135,000
      25,262 SF

      3532 B NW St

      MANUFACTURING (LIGHT) • 25,262 SF
      3532 B NW St, Auburn, WA 98001-1731
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,465 SF

      Auburn Industrial Truck Lot

      Well-located truck lot with building space and highway access.
      809 W Main St, Auburn, WA 98001
      View Details
    • Contact for pricing

      Downtown Auburn Office Sublease

      Office space in downtown Auburn with easy highway access.
      201 S Division St, Auburn, WA 98001
      View Details
    • Contact for pricing
      187,612 SF

      Federal Way Office Campus Building

      Large suburban office property with adaptable infrastructure and data center.
      32275 32Nd Ave S, Federal Way, WA 98001
      View Details
    • $925,000
      18,000 SF

      Historic Auburn Apartment Building Investment

      Six-unit apartment building in downtown Auburn with redevelopment potential.
      506 1St St SW, Auburn, WA 98001
      View Details
    • Contact for pricing

      Class-A Office Buildings For Sale

      Four Class-A office buildings totaling 250,000 SF in Federal Way.
      33810 Weyerhaeuser Way South, Federal Way, WA 98001
      View Details
    • $200,000
      4 SF

      Industrial Land SR-167 Interchange

      4-acre industrial land near SR-167/Hwy 18 interchange.
      940 West Main Street Pl, Auburn, WA 98001
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Auburn Industrial Complex For Rent

      Industrial complex featuring warehouses, offices, and storage spaces.
      2702 West Valley Hwy North, Auburn, WA 98001
      View Details
    • Contact for pricing

      Auburn Warehouse with Grade Doors

      Warehouse space with grade-level doors available for lease.
      3702 W Valley Hwy N, Auburn, WA 98001
      View Details
    • Contact for pricing
      91,320 SF

      Auburn Warehouse Space Available

      91,320 square foot warehouse space for lease in Auburn, WA.
      2507 C St SW, Auburn, WA 98001
      View Details
    • Contact for pricing

      Industrial Space For Lease

      3,000 SF industrial space with office and grade doors.
      1320 26Th St NW, Auburn, WA 98001
      View Details
    • Contact for pricing
      3,000 SF

      Auburn Warehouse Space Available

      3,000 SF warehouse space with 24' clear height.
      104 49Th St NW, Auburn, WA 98001
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    904 Main St
    Auburn, WA 98001-5221
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!