Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    10409 Aurora N Ave Seattle, WA 98133-9229

    • Outlet malls
    • 12,012 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimations
    $2,865,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1117326
    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

    • Barbería / Shopping Center & Mall
    • O'Reilly Auto Parts / Auto Parts Store

    Property Details for 10409 Aurora N Ave

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.73 lot acres
    Property size
    12,012 SF
    Zone code
    NC3P-55 (M)
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    614560-0450
    APU
    6145600450

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,540,000
      6.5%
      $3,265,000
      7%
      $3,035,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $4,260,000
      OFFICE BUILDING
      $4,245,000
      MEDICAL BUILDING
      $4,130,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.345
    Latitude
    47.7047
    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
    $34,595
    $3,642,000
    $1,000
    $3,643,000
    -
    $3,642,000
    $1,000
    $3,643,000

    Comparable in this City

    • Value Estimation
      $23,145,000
      156,876 SF

      1175 205th St

      WHOLESALE OUTLET, DISCOUNT STORE • 156,876 SF
      1175 205th St, Shoreline, WA 98133-3206
      View Details
    • Value Estimation
      $2,090,000
      115,055 SF

      18325 Aurora N Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 115,055 SF
      18325 Aurora N Ave, Shoreline, WA 98133-4417
      View Details
    • Value Estimation
      $1,650,000
      9,081 SF

      14324 Aurora N Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 9,081 SF
      14324 Aurora N Ave, Seattle, WA 98133
      View Details
    • Value Estimation
      $21,060,000
      131,387 SF

      12525 Aurora N Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 131,387 SF
      12525 Aurora N Ave, Seattle, WA 98133-8037
      View Details
    • Value Estimation
      $5,665,000
      26,115 SF

      13000 Aurora N Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 26,115 SF
      13000 Aurora N Ave, Seattle, WA 98133-7507
      View Details
    • Value Estimation
      $4,045,000
      17,312 SF

      14910 Aurora N Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 17,312 SF
      14910 Aurora N Ave, Shoreline, WA 98133-6528
      View Details

    Similar Nearby for Sale

    • $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
    • Contact for pricing
      Pending

      Commercial Building with Stable Tenant

      North Seattle commercial building with reliable tenant and predictable income.
      10357 Stone Ave N, Seattle, WA 98133
      View Details
    • $2,999,950

      Prime Mixed-Use Development Opportunity

      1.126-acre parcel zoned TC-3, ideal for mixed-use development.
      18525 Firlands Way N, Shoreline, WA 98133
      View Details
    • Contact for pricing
      14,400 SF

      Retail Property with Basement Units

      Retail property featuring basement units and on-site parking.
      10324 Aurora Ave N, Seattle, WA 98133
      View Details
    • Contact for pricing

      Large Lot on Aurora Avenue

      Versatile commercial property with ample parking and development potential.
      13720 Aurora Ave N, Seattle, WA 98133
      View Details
    • $2,900,000

      Large Lot on Aurora Avenue

      Versatile space with ample parking, suitable for future development.
      13720 Aurora Ave N, Seattle, WA 98133
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      127,841 SF

      Seattle Retail Center - Aurora Ave

      High-traffic retail space available in Seattle.
      13025 Aurora Ave, Seattle, WA 98133
      View Details
    • $10,499 /Mo
      3,172 SF

      Mixed-Use Property on Aurora Avenue

      Mixed-use property with retail and office spaces for rent.
      12715 Aurora Ave N, Seattle, WA 98133
      View Details
    • $7,117 /Mo
      3,050 SF

      Aurora Avenue Retail Space Available

      Retail space on Aurora Avenue with high traffic volume.
      10000 Aurora Ave N, Seattle, WA 98133
      View Details
    • $2,240 /Mo
      960 SF

      Retail Space with Facade Signage

      Retail space featuring facade signage and recent upgrades.
      928 160Th St, Shoreline, WA 98133
      View Details
    • $100 SF/Yr
      638,324 SF

      Echo Lake Retail Center Investment

      Prime Shoreline Retail Space Available
      19240 Aurora Ave, Shoreline, WA 98133
      View Details
    • $2,427 /Mo
      1,040 SF

      Retail Space on Aurora Avenue

      Retail space available on high-traffic Aurora Avenue North.
      10000 Aurora Ave N, Seattle, WA 98133
      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.
    10409 Aurora N Ave
    Seattle, WA 98133-9229
    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!