903 Main StAuburn, WA 98002

Property Details for 903 Main St

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.30 AC

Property size (Sq ft)

7,040 SF

Zone code

RO

Property type

Office properties

APN

685870-0120

APU

6858700120

Description

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 natural light thanks to its numerous windows, providing a bright and comfortable work environment. Tenants enjoy convenient access to major roadways, including Hwy-18 and Hwy-167, facilitating easy commutes. The property's location offers the added benefit of proximity to downtown Auburn and various local amenities, all within walking distance. Ample free parking is available for tenants and their guests. The building's ceiling height is a generous 21 feet. The property type is listed as Retail and Office, with the available space specifically categorized as Executive Office and Traditional Office. The tenancy is multiple, indicating the presence of other businesses within the building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,905,041

  6.5%

  $1,758,500

  7%

  $1,632,892

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,887,874

  Geo Method

  $1,355,763

• Alternative Use

  Use

  Valuation

  Residential

  $2,180,540

  Hospitality

  $1,997,362

  Educational

  $1,661,782

  Medical

  $1,718,933

  Retail

  $2,584,994

Location Insight

City

Auburn

County

King

State

Washington

Latitude

47.3081

Longitude

-122.218

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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