1602 Valley HwyAuburn, WA 98001

  • Retail properties
  • 12,000 SF
For Sale
$8,000,000 View listing

Property Details for 1602 Valley Hwy

Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.16 AC
Property size (Sq ft)
12,000 SF
Zone code
C3
Property type
Retail properties
Property subtype
Retail space
APN
232104-9036
APU
2321049036

Description

This exceptional 12,000-square-foot warehouse, situated on a 2.34-acre lot in Auburn, Washington, presents a compelling investment opportunity. Built in 1988 and renovated in 2000, this two-story building boasts a metal roof, upgraded LED lighting (interior and exterior), a sprinkler system, and a robust electrical system featuring 3-phase 200 amp service divided across eight separate panels. High bay doors, a ventilation system suitable for machining, multiple zoned HVAC units, and well-appointed offices with attractive window fronts enhance functionality. The property also includes a training room, conference rooms, and professional restrooms. Further amenities include a fully fenced perimeter with electric entry gates, a newly paved asphalt parking lot, and state-of-the-art signage providing excellent visibility from Highway 167 (86,300 cars per day) and West Valley Highway (14,000 cars per day). The property's zoning (C-3 Heavy Commercial) allows for a wide range of uses. Its convenient location offers easy access to Highways 167 and 18, providing seamless connectivity to I-5 and proximity to The Outlet Collection. The asking price is $8,000,000, translating to $666.67 per square foot. This property is comprised of two parcels in King County, WA, zip code 98001.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,773,428
    6.5%
    $4,406,240
    7%
    $4,091,509
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,109,278
    Geo Method
    $5,823,619
  • Alternative Use

    Use
    Valuation
    Residential
    $3,716,829
    Hospitality
    $3,404,595
    Educational
    $2,832,583
    Medical
    $2,930,000
    Retail
    $4,406,240
1602 Valley Hwy, Auburn, Washington

Location Insight

City
Auburn
County
King
State
Washington
Latitude
47.2946
Longitude
-122.259
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
$29,776
$1,010,600
$1,400,000
$2,410,600
-
$1,010,600
$1,400,000
$2,410,600

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