New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Office buildings
14824 Westminster N Way, Shoreline, WA 98133-6437
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1125111
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
FRAME
Total area
3,672 SF
Lot
0.26 ac (11,460 SF)
Zoning code
NB
APN
930430-0186
UPID
US90-1125111
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
$1.22M
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$804k
Blend (final)
Blend
$1.22M
Owner & transaction history
Mojo Holdings Wa LLC · 1 yrs held
Mojo Holdings Wa LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
NB · Shoreline, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+43.2%
Auto repair, garage
$1.5M
+16.4%
Retail stores
$1.5M
+13.5%
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
$1,215,000
ML approach
$1,215,000
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$880,000
7%
$815,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,300,000
Current use
COMMERCIAL (GENERAL)
$1,860,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,510,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,470,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$1,265,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$1,085,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $1.22M (Sep 19 2024)
Last sale anchor
$1.22M
Sep 19 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
$331 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$9,508
Tax year 2024
Assessed value
$692,900
Assessed 2023
Previous assessed
$692,900
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$630,300
Assessed improvement
$62,600
Land market value
$630,300
Improvement market value
$62,600
Total market value
$692,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
SPACE
Cooling
REFRIGERATOR
Stories
2
Total area
3,672 SF
Lot
0.26 ac (11,460 SF)
Zoning code
NB
APN
930430-0186
UPID
US90-1125111
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NB · Shoreline, WA
Zoning NB · permitted uses
NB · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1987
Construction
FRAME
Heating
SPACE
Cooling
Yes
Stories
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Mojo Holdings Wa LLC
Entity
Mailing address
16209 12TH AVE NE, SHORELINE, WA 98155-6343
Mailing matches property
Different — outreach signal
Owner-occupied
No
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 19, 2024
$1,216,016
Mojo Holdings Wa LLC
Swegian LLC
Warranty Deed
$900,000 · Peoples Bank
Nov 22, 2017
—
Swegian LLC
—
Deed
related
$499,000 · Boeing Emps Cu
Jun 14, 2013
$729,000
Swegian LLC
Lee,theodore J
Warranty Deed
—
May 25, 2012
$610,000
Theodore J Lee
Nw Metro LLC
Warranty Deed
$427,000 · Sound Cu
Mar 13, 2002
—
Northwest Metro LLC
—
Deed Of Trust
related
$1,500,000 · Bank Of America
Jul 25, 2000
—
Northwest Metro LLC
Kieburtz,steven J & April H
Grant Deed
related
—
May 4, 2000
$206,520
Steven J Kieburtz
Jacobi,john W
Grant Deed
—
Feb 8, 2000
—
John W Jacobi
J & K Partnership
Grant Deed
related
—
—
—
Swegian LLC
—
Deed Of Trust
related
$499,000 · Boeing Emps Cu
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 14824 Westminster N Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
