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Property profile & analytics
FOR LEASE
Office buildings
1222 185Th St, Shoreline, WA 98133
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0200781
No photos on file
For Lease
$4,629/Mo
1222 185Th St, Shoreline, WA 98133
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
WOOD
Total area
7,935 SF
Lot
0.38 ac (16,668 SF)
Zoning code
TC
APN
164350-0080
UPID
US90-0200781
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.47M
CAP Approach
CAP
$1.90M
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$2.47M
Owner & transaction history
Highland Park Professional Building · 3 yrs held
Highland Park Professional Building
since 2022
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
TC · Shoreline, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.0M
+43.2%
Auto repair, garage
$3.3M
+16.4%
Retail stores
$3.2M
+13.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Shoreline submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shoreline submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,415,000
ML approach
$2,470,000
CAP Approach
CAP Return
Estimation
6%
$2,060,000
6.5%
$1,900,000
7%
$1,765,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,805,000
Current use
COMMERCIAL (GENERAL)
$4,015,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,265,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$3,180,000
Change: +13% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,815,000
Change: +0% · Conversion: Easy
MEDICAL BUILDING
$2,730,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$2,345,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.47M
Range $2.22M – $2.72M · ±10% · vs last sale $2.50M (Nov 18 2022)
Last sale anchor
$2.50M
Nov 18 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$311 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$15,773
Tax year 2022
Assessed value
$1,228,500
Assessed 2022
Previous assessed
$1,228,500
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$916,700
Assessed improvement
$311,800
Land market value
$916,700
Improvement market value
$311,800
Total market value
$1,228,500
Applied tax rate
2,263.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1980
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Total area
7,935 SF
Lot
0.38 ac (16,668 SF)
Zoning code
TC
APN
164350-0080
UPID
US90-0200781
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TC · Shoreline, WA
Zoning TC · permitted uses
TC · Shoreline, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shoreline. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.3M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Highland Park Professional Building
Individual
Mailing address
4525 49TH AVE NE, SEATTLE, WA 98105-3827
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2022
$2,500,000
Highland Park Professional Building
Kjcc Properties LLC
Warranty Deed
$2,000,000 · Columbia State Bank
Dec 27, 2012
$1,112,500
Kjcc Properties LLC
Pyung C Kim
Warranty Deed
$900,000 · Us Bank NA
Feb 17, 2000
$900,000
Pyung C Kim
Young,william D
Grant Deed
related
$712,500 · Frontier Bank
—
—
William D Young
—
Deed Of Trust
related
$28,114 · Individual
—
—
Pyung C Kim
—
Deed Of Trust
related
$800,000 · Pacific Continental Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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