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    15403-15507 Westminster Way N Shoreline, WA 98133

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    For Lease
    $16 SF/Yr ($12,100 /Mo)

    8,800 SF retail/warehouse space in high-density area.

    Property size:
    8,800 SF
    Lot size:
    3.73 Acres

    Property Features for 15403-15507 Westminster Way N

    General Information

    Size
    8,800 SF
    Lot size
    3.73 Acres

    Source: NAI Puget Sound Properties Agent Kurt Sorensen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail and Warehouse Space Available

    This 8,800 square foot space, formerly a LL Floors location, is available for lease. It features 1,500 square feet of retail showroom space and 7,200 square feet of high-bay warehouse space. Loading is facilitated by one drive-in door and one dock-high door. The location benefits from a high-density income demographic, with a median household income exceeding $119,000 and a population of 339,541 within a 5-mile radius. Furthermore, 1,500 apartments are under construction within a quarter mile of the shopping center. The lease rate is $16.50 per square foot, plus NNN expenses, which are $7.15 per square foot.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -122.3501239
    Latitude
    47.7419021

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    FAQs

    What type of property is this?
    Retail space - 8,800 SF retail/warehouse space in high-density area.
    Where is this retail space located?
    The property is located at 15403-15507 Westminster Way N Shoreline, WA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - High-density income demographic: $119,000+ Median HH Income & 339,541 Population in a 5-mile radius.; - 8,800 SF of Box Retail space with showroom and highbay warehouse components.; - 1,500 apartments are being built within 1/4 mile of the shopping center.
    (206) 332-1490
    Request Owner's contact information
    15403-15507 Westminster Way N Shoreline, WA 98133
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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
    15403-15507 Westminster Way N Shoreline, WA 98133
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