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Property profile & analytics
OFF-MARKET
Estimated value
$22,585,000
Manufacturing properties
904 Main St, Auburn, WA 98001-5221
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1537845
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,000 SF
Lot
9.03 ac (393,308 SF)
Zoning code
M1
APN
132104-9007
UPID
US90-1537845
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
-
Pacific Rental & Leasing (PRL) Car Rental Facility
-
Utility Trailer Sales of Washington Car Dealership
-
PLM Fleet Seattle Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.59M
Blend (final)
Blend
$22.59M
Owner & transaction history
Cref3 Kent Valley Owner LLC · 4 yrs held
Cref3 Kent Valley Owner LLC
since 2021
Last sale
$22.0M
7 recorded transactions
Zoning & alternative use
M1 · 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
Method
Estimation
Statistic approach
$23,720,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$15,240,000
Current use
Blend value · Realmo final
$22.59M
Range $20.33M – $24.84M · ±10% · vs last sale $22.02M (Dec 30 2021)
Last sale anchor
$22.02M
Dec 30 2021
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
$941 / 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
$63,091
Tax year 2022
Assessed value
$5,389,400
Assessed 2022
Previous assessed
$5,389,400
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$3,823,000
Assessed improvement
$1,566,400
Land market value
$3,823,000
Improvement market value
$1,566,400
Total market value
$5,389,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
24,000 SF
Lot
9.03 ac (393,308 SF)
Zoning code
M1
APN
132104-9007
UPID
US90-1537845
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
INDUSTRIAL (GENERAL) Current
Est. value
$15.2M
INDUSTRIAL (GENERAL) Current
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
9.03 ac
Current owner
From public records · entity-resolved
Cref3 Kent Valley Owner LLC
Entity
Mailing address
5221 N O CONNOR BLVD STE #700, IRVING, TX 75039-4428
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
—
Cref3 Kent Valley Owner LLC
—
Deed
related
$493,000,000 · German American Capital Corporation
Feb 1, 2022
—
Cref3 Kent Valley Owner LLC
—
Deed
related
$250,000 · Deutsche Bank
Dec 30, 2021
$22,015,000
Cref3 Kent Valley Owner LLC
Mk Holdings LLC
Bargain And Sale Deed
—
Nov 8, 2004
—
Thomas S Durkin
Durkin,adele
Quit Claim Deed
related
—
Nov 8, 2004
$1,520,435
M K Holdings LLC
Durkin L S Trust
Warranty Deed
related
$2,575,000 · Key Bank NA
Aug 15, 2000
—
Thomas S Durkin
Durkin,thomas S & Colleen E
Quit Claim Deed
related
—
Jul 7, 1993
$400,000
Thomas S Durkin
Durkin
Grant Deed
related
$400,000 · Seller
Apr 21, 1993
—
Tom Durkin
Durkin L Stanley
Quit Claim Deed
related
—
Dec 28, 1990
$455,000
Roy C Durkin
Simonoff
Grant Deed
$455,000 · Individual
—
—
Mk Holdings LLC
—
Deed Of Trust
related
$1,764,797 · Keybank USA
—
—
Mk Holdings LLC
—
Deed Of Trust
related
$538,798 · Keybank USA
—
—
Durkin,tr
—
Deed Of Trust
related
$210,000 · Durkin Trust
—
—
Mk Holdings LLC
—
Deed Of Trust
related
$804,000 · Rural Housing & Community Dev
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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