18005 Aurora Ave Shoreline, WA 98133
This exceptional 3.63-acre development site, located at 18005 Aurora Ave N in Shoreline, WA 98133, presents a unique opportunity for high-density residential construction. The property is zoned TC-2 (Town Center 2), allowing for a fully permitted 386-unit development. Permits are ready for immediate pickup, streamlining the development process. The site's design envisions a five-story building over a two-story podium, maximizing space and offering a variety of residential options. Its prime location offers convenient access to public transportation, being only 1.4 miles from the Shoreline Light Rail Station, ensuring easy commutes for residents. Furthermore, the property enjoys a highly desirable location adjacent to a Fred Meyer, providing residents with immediate access to shopping and amenities. The King County Assessor's Parcel Number (APN) is 072604-9149. This fully permitted project offers significant potential for investors seeking a prime residential development opportunity in a thriving urban area. The site's size and zoning regulations provide ample flexibility for a variety of residential designs, catering to a diverse range of potential residents. This is a rare chance to acquire a ready-to-develop site in a highly sought-after location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.