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    18525 Firlands Way Shoreline, WA 98133

    For Sale
    $3,350,000

    Prime 1.12-acre site, high development potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 1.126-acre commercial property at 18525 Firlands Way N, Shoreline, WA, presents a unique investment opportunity. Currently featuring a 9,930 square foot existing structure, the site is zoned TC-3, permitting up to 70 feet of building height. This zoning allows for a dynamic mixed-use development, ideally suited for a project incorporating multifamily residential units above ground-floor commercial spaces. The property's location in Shoreline offers unparalleled convenience, situated near major transit routes, ensuring easy access for residents and employees. The surrounding area boasts a vibrant mix of shopping and dining options, further enhancing the property's appeal. Its proximity to both downtown Seattle and the airport provides exceptional connectivity. This expansive parcel represents a rare chance to capitalize on the growth and potential of this thriving community. The existing structure offers flexibility, allowing for adaptive reuse or complete redevelopment, catering to a wide range of development visions. The high development potential, combined with the desirable location, makes this a truly exceptional investment opportunity. The asking price is $3,350,000.

    Property Features for 18525 Firlands Way

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1978
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shoreline
    County
    King
    State
    Washington
    Longitude
    -122.3475
    Latitude
    47.76388

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 1.12-acre site, high development potential.
    Where is this commercial real estate located?
    The property is located at 18525 Firlands Way Shoreline, WA.
    What is the asking price?
    The asking price for this property is $3,350,000.
    (206) 546-5731
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18525 Firlands Way Shoreline, WA 98133
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