18525 Firlands Way N, Shoreline, WA 98133
1.126-acre parcel zoned TC-3, ideal for mixed-use development.
- Added:
- Sep 20, 2024
- Days on Market:
- 631
- Last Refresh:
- Apr 5 at 8:33 pm
Property Features for 18525 Firlands Way N
General Information
- Standard status
- Active
- Size
- 9,930 SF
- Lot size
- 1.12 Acres
- Property subtype
- OFFICE
Listing agent JC Gagnaire License #20109043 (206) 769-5671
Listing office Windermere - Shoreline (206) 769-5671
Listing date Sep 20, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Windermere - Shoreline
HighLights
- 1.126‑acre parcel in a highly sought‑after area.
- Zoned TC‑3 allowing for development up to 70 feet, ideal for mixed‑use projects.
- Located near major transit routes, shopping, and dining.
- Easy access to downtown Seattle and the airport.
- Current structure of 9,930 square feet offers adaptive reuse or redevelopment options.
- Prime opportunity to build in a growing community.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $258.6k | $26.04 |
| − Vacancy | −$7.8k | −$0.78 |
| EGI | $250.8k | $25.26 |
| − OpEx | −$75.2k | −$7.58 |
| NOI | $175.6k | $17.68 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Shoreline
- County
- King
- State
- Washington
- Longitude
- -122.348
- Latitude
- 47.7638
