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    Property profile & analytics

    10324 Aurora Ave Seattle, WA 98133

    • Retail space
    • 14,400 SF
    • 0.33 lot acres
    For Sale
    View listing
    $1,750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1159486
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 10324 Aurora Ave

    Year built
    1928
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.33 lot acres
    Property size
    14,400 SF
    Zone code
    NC3P-55 (M)
    Property type
    Retail space
    APN
    630050-0035
    APU
    6300500035

    Description

    This exceptional five-unit commercial retail building presents a lucrative investment opportunity in the thriving North Seattle area. Located at 10324 Aurora Avenue N, Seattle, WA, this property boasts a strategic position within a high-traffic zone, ensuring excellent visibility and accessibility for tenants. The building offers a mix of spacious retail units, providing flexibility for a variety of businesses. Ten dedicated parking spaces are available for tenants and customers, a significant advantage in a busy urban setting. Convenient paved alley access enhances both delivery and operational efficiency. A key feature of this property is the high-ceiling basements in each unit, offering substantial potential. These spaces can be utilized for additional storage, significantly increasing the value proposition for tenants, or creatively converted into extra retail space to maximize rental income and overall return on investment. The property's central location, combined with consistent foot traffic and its versatile layout, makes this a rare find in the competitive Seattle commercial real estate market. This is a turnkey investment ready for immediate income generation and future growth. The asking price is $1,750,000. The lot size is 0 acres. The property is classified as General Commercial.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $584,000
      Market price range: $521k - $1.96M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.344
    Latitude
    47.7041
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $16,250
    $1,662,900
    $1,000
    $1,663,900
    -
    $1,662,900
    $1,000
    $1,663,900

    Comparable in this City

    • Value Estimation
      $375,000
      6,600 SF

      1202 155th St

      RETAIL STORES (PERSONAL SERVICES) • 6,600 SF
      1202 155th St, Shoreline, WA 98133-5702
      View Details
    • Value Estimation
      $475,000
      3,827 SF

      20305 Aurora N Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,827 SF
      20305 Aurora N Ave, Shoreline, WA 98133-3132
      View Details
    • Value Estimation
      $535,000
      4,200 SF

      14320 Aurora N Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      14320 Aurora N Ave, Seattle, WA 98133-6917
      View Details
    • Value Estimation
      $445,000
      17,892 SF

      10001 Aurora N Ave

      RETAIL STORES (PERSONAL SERVICES) • 17,892 SF
      10001 Aurora N Ave, Seattle, WA 98133-9328
      View Details
    • Value Estimation
      $335,000
      4,931 SF

      19928 Aurora N Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,931 SF
      19928 Aurora N Ave, Shoreline, WA 98133-3526
      View Details
    • Value Estimation
      $2,575,000
      6,944 SF

      19540 Aurora N Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,944 SF
      19540 Aurora N Ave, Shoreline, WA 98133-3521
      View Details

    Similar Nearby for Sale

    • $1,690,000
      14,400 SF

      Retail Property with Basement Units

      Retail property featuring basement units and on-site parking.
      10324 Aurora Ave N Seattle, Seattle, WA 98133
      View Details
    • $3,500,000

      Retail Property on Aurora Avenue

      Retail property with frontage on Aurora Ave N in Seattle.
      12040 Aurora Ave N, Seattle, WA 98133
      View Details
    • $2,799,000
      14,291 SF

      Mixed-Use Building in Broadview

      14,291 SF mixed-use building with rental upside and development potential.
      14401 Greenwood Ave N, Seattle, WA 98133
      View Details
    • $6,000,000
      0.61 Acres

      Shoreline Retail Land Opportunity

      Prime Shoreline location, $6M, 0.61 acres.
      15544 Aurora Ave, Shoreline, WA 98133
      View Details
    • $6,400,000
      26,647 SF

      Established Auto Repair Shop For Sale

      Profitable auto repair business with real estate in Shoreline, WA.
      15544 Aurora Ave N, Shoreline, WA 98133
      View Details
    • $5,800,000

      Aurora Avenue Development Opportunity

      High-density commercial property near upcoming WinCo and apartment complex.
      13722 Aurora Ave N, Seattle, WA 98133
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      4,463 SF

      Prime Retail Space in Seattle

      4,463 SF retail space in a mixed-use development.
      1505 SW 107Th St, Seattle, WA 98133
      View Details
    • $30 SF/Yr
      4,340 SF

      Richmond Beach Retail Opportunity

      Stand-alone retail building in Shoreline's Richmond Beach neighborhood.
      2001 NW 195Th St, Shoreline, WA 98133
      View Details
    • $16 SF/Yr
      8,800 SF

      Retail and Warehouse Space Available

      8,800 SF retail/warehouse space in high-density area.
      15403-15507 Westminster Way N, Shoreline, WA 98133
      View Details
    • $15 SF/Yr
      5,162 SF

      Former Casino Building on Aurora

      5162 SF building suitable for office or retail use.
      14525 Aurora Ave N, Shoreline, WA 98133
      View Details
    • $22 SF/Yr
      3,562 SF

      Retail Space in Shoreline, WA

      Retail space available for lease in Shoreline, Washington.
      18336 Aurora Ave N, Shoreline, WA 98133
      View Details
    • $16 SF/Yr
      40,000 SF

      Redeveloping Retail Space in Shoreline

      Retail showroom and highbay warehouse space available near Central Market.
      15405 Westminster Way, Shoreline, WA 98133
      View Details
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    10324 Aurora Ave
    Seattle, WA 98133
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    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
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