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Property profile & analytics
FOR SALE
Commercial land
14724 15Th Ave NE Shoreline, WA 98155
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0896861
For Sale
$2,270,000
14724 15Th Ave NE, Shoreline, WA 98155
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1976
Construction
WOOD FRAME
Total area
3,560 SF
Lot
0.43 ac (18,919 SF)
Zoning code
CB
APN
367050-0115
UPID
US90-0896861
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
$570k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
United States Of America · 1 yrs held
United States Of America
since 2024
Last sale
$570,000
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
$570,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$670,000
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $570k (Sep 4 2024)
Last sale anchor
$570k
Sep 4 2024
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
$160 / 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
$10,465
Tax year 2022
Assessed value
$851,300
Assessed 2022
Previous assessed
$851,300
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$851,300
Land market value
$851,300
Total market value
$851,300
Applied tax rate
2,266.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Year built
1976
Construction
WOOD FRAME
Heating
YES
Stories
1
Total area
3,560 SF
Lot
0.43 ac (18,919 SF)
Zoning code
CB
APN
367050-0115
UPID
US90-0896861
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
1976
Construction
WOOD FRAME
Heating
YES
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
United States Of America
Individual
Mailing address
14625 15TH AVE NE, SHORELINE, WA 98155-7123
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
—
United States Of America
Lake City Lodge No 1800
Quit Claim Deed
related
—
Feb 7, 2014
$570,000
Lake City Elks Lodge No 1800
Makratzakis,stellios J & Sandra A
Warranty Deed
—
Aug 16, 2000
—
Brian Brett
Olson,judith E
Quit Claim Deed
related
—
Aug 15, 2000
$410,000
Stellios J Makratzakis
Olson Family Group LLC
Grant Deed
$160,000 · Seller
Aug 11, 1992
—
Olson,judith E
Olson Charles Br
Grant Deed
related
—
—
—
Stellios Makratzakis
—
Deed Of Trust
related
$45,112 · Frontier Bank
—
—
Stellios J Makratzakis
—
Deed Of Trust
related
$200,000 · Sterling Savings Bank
—
—
Stellios J Makratzakis
—
Deed Of Trust
related
$358,000 · Frontier Bank
—
—
Stellios J Makratzakis
—
Deed Of Trust
related
$40,000 · Frontier Bank
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.
Try Rey
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