401 Lund Rd, Auburn, WA 98001

Small-Bay Industrial · Auburn · Seattle-Bellevue metro, WA

Imagery suggests: industrial warehouse. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 426 reachable small-bay industrial buildings in Auburn. Larger than 81% of small-bay industrial buildings in Auburn (median 18,750 SF), derived from assessor records.

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Building size: 62,658 SF, King County Assessor
Lot size: 387,684 SF, King County Assessor
Year built: 1988, King County Assessor
Stories: 1, King County Assessor
Buildings on parcel: 2, King County Assessor
Predominant use: Warehouse, King County Assessor
Assessed value: $10,115,100, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $161.43/SF, derived from assessor records
Lot coverage: 16%, derived from assessor records
Vintage: 1980s vintage
Zoning: M1, King County
County use code: Warehouse
Construction (observed): tilt up, AI estimate from public imagery
Parking (observed): none visible, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

301 Lund Rd, Auburn · 0.1 mi · 18,360 SF · built 1983 · assessed $136/SF
402 Lund Rd, Auburn · 0.1 mi · 57,064 SF · built 1996 · assessed $169.14/SF
1302 4th St SW, Auburn · 0.1 mi · 40,764 SF · built 1996
1302 W Main St, Auburn · 0.2 mi · 164,070 SF · built 1987 · assessed $150.53/SF
1240 W Main St, Auburn · 0.2 mi · 10,000 SF · built 1973 · assessed $442.67/SF
1028 4th St SW, Auburn · 0.2 mi · 43,218 SF · built 1999 · assessed $183.90/SF

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Sale history and market context

MakeMe Estimate: $13,751,262 (estimated market value), with a likely range of $11,858,088 to $15,341,398 (half of recent verified sales in this segment landed inside that range). Based on 96 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2015-11-02 for $11,100,000 (recorded arm's-length sale).

Current ownership dates to 2015 (about 11 years) per recorded transfers.

2015-11-02: $11,100,000 from 401 Lund LLC to Ipt Auburn DC II LLC, rec. 20151103000558

2014-07-25: $4,000,000 from DS Services of America INC to 401 Lund LLC, rec. 20140725000886

1997-10-02: $4,145,907 from Private party to Mckesson Water Products Company (part of a 2-parcel sale; price is the whole deal), rec. 199710310979

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $4,658,600 (2011) to $10,115,100 (2026), up 117% over 15 years, per county tax rolls. The 2026 roll splits $10,115,100 into $6,650,700 land and $3,464,400 improvements.

Zoning: M1 (per King County)

Lot: 387,684 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Storage Warehouse 56,414 SF; Warehouse Office 6,244 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2025-05-21: Other, declared value $250,000 (Complete), permit TEN25-0032

2021-01-13: Other, declared value $8,087 (Screened), permit SGN20-0054

2019-06-25: Demolition (Complete), permit DEM19-0039

2016-03-10: Other, declared value $21,160 (Screened), permit TEN16-0036

2015-09-24: Remodel, declared value $20,000 (Screened), permit ALT15-0164

2015-08-12: Other, declared value $1,400 (Screened), permit SGN15-0055

2015-07-08: Other (Screened), permit GRA15-0009

2014-08-22: Other (Screened), permit MEC14-0252

2014-08-04: Remodel, declared value $137,400 (Screened), permit ALT14-0181

2012-05-30: Remodel, declared value $121,900 (Screened), permit ALT12-0127

Source: King County permit records (newest first).