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Property profile & analytics
OFF-MARKET
Estimated value
$11,055,000
Warehouses
14535 Bothell NE Way, Shoreline, WA 98155-7605
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1607436
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Construction
STEEL FRAME
Total area
80,979 SF
Lot
0.88 ac (38,260 SF)
Zoning code
CB
APN
156810-0470
UPID
US90-1607436
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
$10.94M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.06M
Owner & transaction history
Nwb Of Cspp-sheridan Beach LLC · 11 yrs held
Nwb Of Cspp-sheridan Beach LLC
since 2015
7 recorded transactions
Zoning & alternative use
CB · Shoreline, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,845,000
6.5%
$10,935,000
7%
$10,155,000
Blend value · Realmo final
$11.06M
Range $9.95M – $12.16M · ±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
$137 / 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
$215,136
Tax year 2022
Assessed value
$20,113,100
Assessed 2022
Previous assessed
$20,113,100
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,601,600
Assessed improvement
$17,511,500
Land market value
$2,601,600
Improvement market value
$17,511,500
Total market value
$20,113,100
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
WALL UNIT
Stories
4
Total area
80,979 SF
Lot
0.88 ac (38,260 SF)
Zoning code
CB
APN
156810-0470
UPID
US90-1607436
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Shoreline, WA
Zoning CB · permitted uses
CB · 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.
Building & site characteristics
From public records
Year built
2017
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Lot
0.88 ac
Current owner
From public records · entity-resolved
Nwb Of Cspp-sheridan Beach LLC
Entity
Mailing address
808 134TH ST SW STE #211, EVERETT, WA 98204-2300
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2022
—
Nwb Cspp Sheridan Beach LLC
—
Deed
related
$20,000,000 · Washington Federal NA
Jun 9, 2022
—
Nwb Cspp West Seattle LLC
—
Deed
related
$12,094,000 · Nwb Storage LLC
Apr 30, 2021
—
Cspp Development LLC
—
Deed
related
$32,500,000 · Washington Federal NA
Nov 10, 2016
—
Nwb Of Cspp Sheridan Beach LLC
—
Deed
related
$8,000,000 · Private Individual
May 15, 2015
$2,750,000
Nwb Of Cspp-sheridan Beach LLC
14534 32nd Ave Ne LLC
Warranty Deed
—
Apr 26, 2007
—
14535 Bwne LLC
Romney,christopher D & Cynthia L
Quit Claim Deed
related
—
Jun 27, 2006
—
State Of Wa/dept/transportation
Romney,christopher D & Cynthia L
Warranty Deed
—
Dec 10, 1999
$963,900
Christopher Romney
Webb Trust
Grant Deed
$525,000 · Lasalle Bank Fsb
Jan 14, 1994
$700,000
Barkwell Trust
Shrock,emery M &
Grant Deed
$560,000 · Seller
Jun 5, 1989
$525,000
Exchange Facilitator Corp
Gustafson,harold
Grant Deed
$125,000 · Gustafson Harold C
Jun 5, 1989
—
Shrock,emery Mc Dowell&rosa
Exchange Facilit
Grant Deed
related
—
—
—
Nwb Of Cspp-sheridan Beach LLC
—
Deed Of Trust
related
$6,700,000 · Private Individual
—
—
Nwb Of Cspp Sheridan Beach LLC
—
Loan Modification
related
$8,000,000 · Private Individual
—
—
Barkwell Trust
—
Deed Of Trust
related
$630,000 · Lasalle Bank Fsb
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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