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1234 145th St Shoreline, WA 98155-7134

OFF-MARKET Office buildings Google Maps
1,640 SF 0.13 ac lot Built 1949
Individually Owned 2-yr Hold ~ Est. High Equity
Estimated value (blended)
$290k
Range $261k – $319k (±10%)
Property ID US90-1413020

Property summary

AI-generated overview

This exceptional 0.13-acre mixed-use property at 1234 NE 145th St, Shoreline, WA 98155, is offered at $695,000. The 3,508 square foot building sits on a fenced lot and is currently 100% occupied. The property presents a unique opportunity for investors seeking a quick sale and significant upside. Currently zoned for mixed-use, future zoning of MUR-70 (mixed-use residential) allows for development up to seven stories, as detailed in the 145th St Station Subarea Planned Action. A variety of uses are permitted, including business, office, and residential, subject to city approval. The property is ideally situated near public transit, offering convenient access to the surrounding area. While the building requires cosmetic updates, its potential for significant renovation or redevelopment is substantial. A 2024 as-built drawing is available. The sale is as-is/where-is, and the asking price reflects a desire for a fast closing. Buyers are responsible for verifying the building and lot size with the city and confirming permitted uses. A new sign is forthcoming.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1949
Construction WOOD
Total area 1,640 SF
Lot 0.13 ac (5,657 SF)
Zoning code CB
APN 663290-0015
UPID US90-1413020

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2017
Price N/A
2015
$299,000
2014
Price N/A
2009
Price N/A
2007
Price N/A
2007
Price N/A

Zoning & alternative use

CB · Shoreline, WA
Zoning description

The purpose of the community business zone CB is to provide location for a wide variety of business activities, such as convenience stores, retail, personal services for the local community, and to allow for apartments a…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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