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Property profile & analytics
OFF-MARKET
Estimated value
$16,475,000
Outlet malls
13200 Aurora N Ave Seattle, WA 98133-7645
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0825601
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
114,117 SF
Lot
4.54 ac (197,824 SF)
Zoning code
C1-75 (M)
APN
192604-9371
UPID
US90-0825601
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
Current use
Occupant on record · Public records
-
Rain Cafe Cafe & Coffee Shop
-
ATM Atm
-
Kmart Store Pharmacy Pharmacy
-
Kiki Bakery Bakery Specialty Food Shop
-
Niku Feast Yakiniku Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.48M
Owner & transaction history
Floor And Decor Outlets Of America · 2 yrs held
Floor And Decor Outlets Of America
since 2023
5 recorded transactions
Zoning & alternative use
C1-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily retail or service commercial area that serves surrounding neighborhoods and the larger community, citywide, or regional clientele. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
336.11 ac
Source
Realmo
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 Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$144 / 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
$166,302
Tax year 2022
Assessed value
$15,894,200
Assessed 2022
Previous assessed
$15,894,200
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$13,847,600
Assessed improvement
$2,046,600
Land market value
$13,847,600
Improvement market value
$2,046,600
Total market value
$15,894,200
Applied tax rate
10.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
114,117 SF
Lot
4.54 ac (197,824 SF)
Zoning code
C1-75 (M)
APN
192604-9371
UPID
US90-0825601
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C1-75 (M) · Seattle, WAZoning C1-75 (M) · permitted uses
C1-75 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to promote general commercial activities, to provide for an auto-oriented, primarily retail or service commercial area that serves surrounding neighborhoods and the larger community, citywide, or regional clientele. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
336.11 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
4.54 ac
Current owner
From public records · entity-resolved
Floor And Decor Outlets Of America
Individual
Mailing address
2500 WINDY RDG PKWY, ATLANTA, GA 30339-5677
Ownership since
2023
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
Dec 29, 2023
—
Floor And Decor Outlets Of America
Aurora Acres INC
Lease
—
Jul 20, 1999
—
Armada Aurora LLC
—
Grant Deed
related
$900,000 · Seattle Mortgage Co
Jun 11, 1998
$1,000,000
Armada Aurora LLC
Trb Seattle INC
Grant Deed
related
$787,358 · Seller
Mar 10, 1998
$20,000
Trb Seattle INC
Aurora Associates
Quit Claim Deed
related
—
—
—
Armada Aurora LLC
—
Deed Of Trust
related
—
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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