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Property profile & analytics
OFF-MARKET
Estimated value
$3,695,000
Strip malls
13201 Aurora N Ave Seattle, WA 98133-7584
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1120835
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,235 SF
Lot
8.96 ac (390,380 SF)
Zoning code
C1-75 (M)
APN
192604-9215
UPID
US90-1120835
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
-
Daiso Discount Store
-
Aurora Donuts & Ice Cream Bakery Discount Store
-
Al kitab store (Bike/Boat/Book/etc) Store
-
Amazon Fresh - Seattle Aurora (MAB7) Courier Service Postal Service
-
Amazon Fresh Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.33M
Blend (final)
Blend
$3.70M
Owner & transaction history
Ross Dress For Less INC · 3 yrs held
Ross Dress For Less INC
since 2022
7 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
Top alternative use upside
Office building
$3.4M
+124.4%
Restaurant
$3.0M
+102.8%
Auto repair, garage
$2.5M
+68.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,350,000
Change: +124% · Conversion: Moderate
RESTAURANT
$3,030,000
Change: +103% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,525,000
Change: +69% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,285,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$3.70M
Range $3.33M – $4.06M · ±10%
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
$152 / 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
$266,383
Tax year 2022
Assessed value
$23,756,300
Assessed 2022
Previous assessed
$23,756,300
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$23,422,800
Assessed improvement
$333,500
Land market value
$23,422,800
Improvement market value
$333,500
Total market value
$23,756,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
6
Stories
1
Total area
24,235 SF
Lot
8.96 ac (390,380 SF)
Zoning code
C1-75 (M)
APN
192604-9215
UPID
US90-1120835
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.4M
RESTAURANT
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
1
Buildings
6
Lot
8.96 ac
Current owner
From public records · entity-resolved
Ross Dress For Less INC
Entity
Mailing address
5130 HACIENDA DR, DUBLIN, CA 94568-7579
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2026
—
Mgp X Aurora LLC
—
Deed
related
$63,000,000 · U S Bank N A
Aug 11, 2022
—
Ross Dress For Less INC
Mgp X Aurora LLC
Lease
—
Mar 11, 2022
—
Ulta Salon Cosmetics & Fragrance In
Mgp X Aurora LLC
Lease
—
Feb 5, 2021
—
Mgp X Aurora LLC
—
Deed
related
$27,500,000 · City National Bank
Oct 21, 2016
—
Mgp X Aurora LLC
Mgp X Properties LLC
Quit Claim Deed
—
Nov 19, 2013
$27,000,000
Mgp X Properties LLC
Pbs Associates LLC
Warranty Deed
—
Sep 25, 2008
—
Bally Total Fitness Corp
—
Deed Of Trust
related
$242,050,000 · Morgan Stanley Senior Funding
Feb 27, 2008
—
Pbs Associates LLC
Pbs Associates
Quit Claim Deed
related
—
—
—
Grocery Outlet INC
—
Deed Of Trust
related
$175,000 · Societe Generale
—
—
Pbs Associates LLC
—
Deed Of Trust
related
$3,400,000 · Umpqua Bank
—
—
Pbs Associates 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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