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Property profile & analytics
OFF-MARKET
Specialty properties
15915 Westminster N Way Shoreline, WA 98133-5929
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1154211
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
1986
Construction
WOOD
Total area
5,040 SF
Lot
0.63 ac (27,476 SF)
Zoning code
MB
APN
182604-9082
UPID
US90-1154211
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mgp Xii Shoreline North LLC · 3 yrs held
Mgp Xii Shoreline North LLC
since 2022
Last sale
$27.5M
7 recorded transactions
Zoning & alternative use
MB · Shoreline, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the mixed business zone MB is to encourage the development of vertical and/or horizontal mixed use buildings or developments along the Aurora Avenue and Ballinger Way corridors
Zone name
Mixed Business
General category
MIXED_USE
Zone area
200.36 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$22,519
Tax year 2022
Assessed value
$1,929,600
Assessed 2022
Previous assessed
$1,929,600
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$961,600
Assessed improvement
$968,000
Land market value
$961,600
Improvement market value
$968,000
Total market value
$1,929,600
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
5,040 SF
Lot
0.63 ac (27,476 SF)
Zoning code
MB
APN
182604-9082
UPID
US90-1154211
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MB · Shoreline, WAZoning MB · permitted uses
MB · Shoreline, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the mixed business zone MB is to encourage the development of vertical and/or horizontal mixed use buildings or developments along the Aurora Avenue and Ballinger Way corridors
Zone name
Mixed Business
General category
MIXED_USE
Zone area
200.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Mgp Xii Shoreline North LLC
Entity
Mailing address
4365 EXECUTIVE DR STE #1400, SAN DIEGO, CA 92121-2131
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2025
—
Mgp Xii Shoreline North LLC
—
Deed
related
$300,000,000 · Wells Fargo Bank NA
Aug 5, 2024
—
Mgp Xii Shoreline North LLC
—
Deed
related
—
Aug 22, 2022
$27,516,250
Mgp Xii Shoreline North LLC
Roic Washington LLC
Bargain And Sale Deed
—
Oct 2, 2017
$2,300,000
Roic Washington LLC
Rw Abrams Family LLC
Warranty Deed
—
Nov 19, 2004
—
City Of Shoreline
R W Abrams Family LLC
Grant Deed
related
—
Oct 23, 1997
$695,735
Rw Abrams Family LLC
Key Bank NA
Grant Deed
$580,000 · Key Bank NA
Jan 13, 1993
—
Puget Sound Bank
Puget Sound Savi
Quit Claim Deed
related
—
—
—
R W Abrams Family LLC
—
Deed Of Trust
related
$625,000 · Commerce Bk/wa
—
—
R W Abrams Family LLC
—
Deed Of Trust
related
$800,000 · Commerce Bank Of Washington
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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