500 180Th St Shoreline, WA 98155
This exceptional 1.88-acre assemblage in Shoreline, WA, presents a remarkable redevelopment opportunity. Comprising nine parcels (APN: 0927100066, 0927100070, 0927100079, 0927100065, 0927100068, 5662100005, 5662100010, 5662100015, 0927100067), the property is zoned MUR-45, ideal for Transit-Oriented Development (TOD). A massing study indicates potential for 47 three-story townhomes with garages, or a three- or four-story apartment building with approximately 210 units. Located at 500 NE 180th St, Shoreline, WA 98155, this site boasts adjacency to the "Trail Along The Rail" on the 5th Ave NE arterial. The property benefits from its proximity to the highly anticipated Shoreline North/185th Station (completion in 2024), featuring a trenched train track below grade level and behind a noise wall. Situated just north of Seattle, this location offers excellent economic opportunities and access to King County's robust transit network, with a 20-minute commute to Seattle and an estimated 40-minute commute to Bellevue. The I-5 on-ramp is conveniently located five blocks south, providing easy access to both north and southbound lanes. The City of Shoreline actively encourages development on up-zoned parcels, making this assemblage particularly attractive. Current tenants occupy the properties; please do not disturb.
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
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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.