Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16715 Aurora Ave N Shoreline, WA 98133

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,200 /Mo

    Warehouse space for sublease in north Seattle/Shoreline area.

    Type:Industrial
    Property size:
    12,678 SF
    Added:
    Nov 21, 2025
    Days on Market:
    136
    Last Refresh:
    Dec 3 at 5:30 am

    Property Features for 16715 Aurora Ave N

    General Information

    Standard status
    Active
    Size
    12,678 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1973

    Spaces For Lease

    at 16715 Aurora Ave N Contact us

    We can help!

    Listing Contact
    Chance W Futrell

    Listing agent Chance W Futrell License #270233

    Listing office Housman Partners Real Estate

    Listing date Nov 21, 2025

    Source Naiglobal

    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 Housman Partners Real Estate

    Overview

    Warehouse Space in Shoreline Area

    Warehouse space is available for sublease in the north Seattle/Shoreline area. The property features an excellent location off Aurora Ave N. The space encompasses 2445 square feet and includes mezzanine space. It also contains a 500-square-foot private office. The warehouse is equipped with 3-phase power, 18-foot ceilings, one dock-high door, and one grade-level loading door. The lease term extends through July 31, 2030.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Shoreline Secure Storage — 17828 Midvale Ave N, Shoreline, WA 98133
    • Trojan Storage of Shoreline — 16750 Aurora Ave N, Shoreline, WA 98133

    Location Insight

    • Map
    • Local Demand
    City
    Shoreline
    County
    King
    State
    Washington
    Longitude
    -122.3460303
    Latitude
    47.7509708

    Nearby Similar for Lease

    • $16/mo

      Redeveloping Shoreline Plaza Retail Space

      Retail and warehouse space near Central Market in Shoreline.
      15405 Westminster Way, Shoreline, WA 98133
      View Details
    • Sponsored
      Contact for pricing

      Ballard

      1455 Leary Way, Unit 400, Shoreline, WA 98107
      View Details
    • Contact for pricing

      Shoreline Medical/Dental Office Space

      Dental office with 4 ops, across from Costco.
      1515 200th St, Shoreline, WA 98133
      View Details
    • Contact for pricing

      Professional Office Suite Available

      Turn-key office suite with excellent visibility and convenient access.
      20011 Ballinger Way NE, Shoreline, WA 98155
      View Details
    • Contact for pricing

      Professional Office Suite For Rent

      Office suite in Rose Crossing Plaza with flexible layout.
      20011 Ballinger Way NE, Shoreline, WA 98155
      View Details
    • Contact for pricing

      High Visibility Corner Retail Space

      Corner retail space near light rail station in Shoreline, WA.
      18553 8th Ave NE, Shoreline, WA 98155
      View Details
    • Contact for pricing

      Aurora Avenue Retail Space Available

      Retail space with enclosed patio, suitable for cafe or bar.
      15544 Aurora Ave N, Shoreline, WA 98133
      View Details
    • Contact for pricing

      New Mixed-Use Retail Space

      Retail spaces in Shoreline's growing mixed-use complex, ready now.
      17712 15th Ave NE, Shoreline, WA 98155
      View Details
    • Contact for pricing

      High Visibility Corner Retail Space

      Retail space in a mixed-use development with outdoor patio.
      132 145th St, Shoreline, WA 98155
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office space for professional service users with ample parking.
      18532 Firlands Way, Shoreline, WA 98133
      View Details
    • Contact for pricing

      Turnkey Office Suite For Lease

      Turnkey office suite with ample parking in prime Shoreline location.
      1207 152nd St, Shoreline, WA 98133
      View Details
    • Contact for pricing

      Restaurant Space in Shoreline

      Restaurant space available now in Shoreline's mixed-use complex.
      17712 15th Ave NE, Shoreline, WA 98155
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse space for sublease in north Seattle/Shoreline area.
    Where is this warehouse located?
    The property is located at 16715 Aurora Ave N Shoreline, WA.
    What is the lease rate?
    The lease rate is $4,200 /Mo.
    What are key features of this property?
    This property features: Excellent location off Aurora Ave N; Term through 7/31/2030; 2445 SF with Mezzanine Space
    (270) 534-5569
    We can help!
    Listing Contact
    Chance W Futrell
    Real Estate License ID: 270233
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!