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    OFF-MARKET
    Office buildings

    1234 145th St, Shoreline, WA 98155-7134

    1,640 SF 0.13 ac lot Built 1949
    Individually Owned 2-yr Hold ~ Est. High Equity
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Central Puget Sound Regional Transi · 2 yrs held
    Central Puget Sound Regional Transi
    since 2024
    7 recorded transactions
    2024
    2017
    2015
    $299,000
    2014
    2009
    2007
    2007
    Zoning & alternative use
    CB · Shoreline, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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