Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    344 180Th St Shoreline, WA 98155
    Back to Search
    Property profile & analytics

    344 180Th St, Shoreline, WA 98155

    View on Map
    • Mixed-use properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 344 180Th St

    Property type
    Mixed-use properties
    Property subtype
    Land

    Description

    This exceptional 9,188 sq ft lot, located at 344 NE 180th St, Shoreline, WA 98155, presents a unique investment opportunity. The property boasts MUR70 zoning, opening doors to a variety of development possibilities. Situated in King County, this mixed-use parcel is ideally positioned near the 185th St & I-5 Light Rail Station, providing convenient access to public transportation. The property includes 138 parking spaces, a significant asset for any future development. The APN is 608410016,6084100114. While currently featuring a 1.5-story, 4 bedroom, 1.5 bathroom home built in 1925, requiring significant updates, the focus is on the substantial land and its development potential. The existing home features a cozy living room, bright dining room, and a large lot with a fully enclosed fence and backyard patio. The property's proximity to I-5 further enhances its appeal and accessibility. This is a rare chance to acquire a large parcel in a rapidly growing area with excellent transit connections, making it an attractive prospect for both investors and developers. The asking price is $1,100,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shoreline
    County
    King
    State
    Washington
    Longitude
    -122.324
    Latitude
    47.7595

    Comparable in this City

    • Value Estimation by Request

      14878 6Th Ave

      Multifamily properties
      14878 6Th Ave, Shoreline, WA 98155
      View Details
    • Value Estimation by Request
      1,070 SF

      14544 5Th Ave

      Multifamily properties
      14544 5Th Ave, Shoreline, WA 98155
      View Details
    • Value Estimation by Request

      18510 8Th Ave

      Land
      18510 8Th Ave, Shoreline, WA 98155
      View Details
    • Value Estimation by Request

      18504 8Th Ave

      Land
      18504 8Th Ave, Shoreline, WA 98155
      View Details
    • Value Estimation by Request

      814 185Th St

      Land
      814 185Th St, Shoreline, WA 98155
      View Details
    • Value Estimation by Request
      1.88 Acres

      500 180Th St

      Land
      500 180Th St, Shoreline, WA 98155
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,020 SF

      Shoreline Industrial Facility For Sale

      24,020 SF industrial building on 2.59 acres.
      16325 5Th Ave NE, Shoreline, WA 98155
      View Details
    • $9,627,955
      52,043 SF

      Shoreline MUR-70 Zoned Land Assemblage

      Seven-lot assemblage near light rail station, zoned MUR-70.
      14861 5Th Ave NE, Shoreline, WA 98155
      View Details
    • Contact for pricing

      Development Site Near Light Rail

      Development site near North Shoreline Light Rail Station.
      18340 3Rd Ave, Shoreline, WA 98155
      View Details
    • $1,775,000
      6,446 SF

      Shoreline Apartments Near Light Rail

      Apartment building near Seattle with modernized units and light rail access.
      1728 145Th St, Shoreline, WA 98155
      View Details
    • Contact for pricing
      23,012 SF

      Land Parcel in Shoreline, WA

      Land with existing rentable properties in Shoreline, WA.
      1216-1228 NE 180Th St, Shoreline, WA 98155
      View Details
    • $2,850,000
      23,012 SF

      Shoreline Multifamily Investment Opportunity

      Three properties in good, rentable condition. Development potential.
      1216 180Th St, Shoreline, WA 98155
      View Details

    Similar Nearby for Lease

    • $2,724 /Mo
      908 SF

      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
    • $2,505 /Mo
      791 SF

      High Visibility Corner Retail Space

      Retail space in a mixed-use development with outdoor patio.
      132 145Th St, Shoreline, WA 98155
      View Details
    • $4,354 /Mo
      1,866 SF

      High Visibility Corner Retail Space

      Retail space in Shoreline's developing corridor with parking.
      132 145Th St, Shoreline, WA 98155
      View Details
    • $2,860 /Mo
      1,560 SF

      Ballinger Park Office Space Available

      Office space with reception, conference room, and private offices.
      19944 Ballinger Way NE, Shoreline, WA 98155
      View Details
    • $3,438 /Mo
      1,014 SF

      Turn-Key Medical Office Space

      Second-floor office suite in Shoreline, suitable for medical practices.
      20011 Ballinger Way NE, Shoreline, WA 98155
      View Details
    • Contact for pricing
      5,519 SF

      Retail Space in Shoreline

      Retail space available for lease in Shoreline, Washington.
      14713 Bothell Way NE, Shoreline, WA 98155
      View Details
    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.
    344 180Th St
    Shoreline, WA 98155
    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

    Thank You for Inquiry
    344 180Th St, Shoreline, WA, 98155
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!