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Property profile & analytics
OFF-MARKET
Estimated value
$2,315,000
Retail space
926 Auburn N Way Auburn, WA 98002-4165
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0592900
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Construction
STEEL FRAME
Total area
5,000 SF
Lot
1.57 ac (68,543 SF)
Zoning code
C1
APN
333990-0305
UPID
US90-0592900
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.04M
Blend (final)
Blend
$2.32M
Owner & transaction history
Gps Properties LLC · 3 yrs held
Gps Properties LLC
since 2022
Last sale
$2.9M
5 recorded transactions
Zoning & alternative use
C1 · Auburn, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$3.2M
+133.8%
Commercial (general)
$2.6M
+93.4%
Restaurant
$2.5M
+83.6%
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
$2,245,000
ML approach
$2,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,175,000
Change: +134% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,625,000
Change: +93% · Conversion: Easy
RESTAURANT
$2,495,000
Change: +84% · Conversion: Easy
MEDICAL BUILDING
$1,975,000
Change: +45% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,735,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,720,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$2.32M
Range $2.08M – $2.55M · ±10% · vs last sale $2.90M (Aug 8 2022)
Last sale anchor
$2.90M
Aug 8 2022
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
$463 / 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
$14,205
Tax year 2022
Assessed value
$1,164,600
Assessed 2022
Previous assessed
$1,164,600
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,028,100
Assessed improvement
$136,500
Land market value
$1,028,100
Improvement market value
$136,500
Total market value
$1,164,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1947
Construction
STEEL FRAME
Heating
SPACE
Stories
2
Total area
5,000 SF
Lot
1.57 ac (68,543 SF)
Zoning code
C1
APN
333990-0305
UPID
US90-0592900
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1 · Auburn, WA
Zoning C1 · permitted uses
C1 · 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)
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RESTAURANT
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1947
Construction
STEEL FRAME
Heating
SPACE
Stories
2
Lot
1.57 ac
Current owner
From public records · entity-resolved
Gps Properties LLC
Entity
Mailing address
31038 44TH AVE S, ALGONA, WA 98001-2610
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
Apr 24, 2025
—
Gps Properties LLC
—
Deed
related
$4,000,000 · RT Financial Service LLC
May 28, 2024
—
Gps Properties LLC
—
Deed
related
$2,000,000 · Seattle Metropolitan Cu
Aug 8, 2022
$2,900,000
Gps Properties LLC
Stw Group LLC
Warranty Deed
$1,740,000 · Sound Residential Real Estate LLC
Aug 8, 2022
—
Balbir Singh
Jaswinder K Singh
Intrafamily Transfer
related
—
Jul 30, 2021
$1,182,000
Stw Group LLC
South King Cnty St Vincent Depaul S
Bargain And Sale Deed
$960,000 · Commencement Bank
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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