Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,740,000
Outlet malls
16340 Aurora N Ave Shoreline, WA 98133-5652
Entity Owned
11-yr Hold
Free & Clear
Property ID
US90-1608597
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1971
Construction
STEEL FRAME
Total area
7,680 SF
Lot
0.79 ac (34,287 SF)
Zoning code
MB
APN
182604-9366
UPID
US90-1608597
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
$2.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.74M
Owner & transaction history
145th Street Properties LLC · 11 yrs held
145th Street Properties LLC
since 2014
7 recorded transactions
Zoning & alternative use
MB · 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%
$2,265,000
6.5%
$2,090,000
7%
$1,940,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,725,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$2,715,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$2,640,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.74M
Range $1.57M – $1.91M · ±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
$227 / 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
$27,353
Tax year 2022
Assessed value
$2,102,900
Assessed 2022
Previous assessed
$2,102,900
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$2,057,200
Assessed improvement
$45,700
Land market value
$2,057,200
Improvement market value
$45,700
Total market value
$2,102,900
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1971
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
7,680 SF
Lot
0.79 ac (34,287 SF)
Zoning code
MB
APN
182604-9366
UPID
US90-1608597
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MB · Shoreline, WA
Zoning MB · permitted uses
MB · 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
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1971
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
0.79 ac
Current owner
From public records · entity-resolved
145th Street Properties LLC
Entity
Free & Clear · 11 yrs held
Mailing address
4039 21ST AVE W STE #306, SEATTLE, WA 98199-1252
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2014
—
145th Street Properties LLC
163rd Street LLC
Quit Claim Deed
related
—
Jun 13, 2006
—
163rd Street LLC
Slattery,michael C & Judith C
Quit Claim Deed
related
—
Feb 2, 2005
—
City Of Shoreline
Slattery,michael C & Judith C
Warranty Deed
—
Dec 1, 1997
$1,100,000
Michael C Slattery
Keytrust Co NA
Grant Deed
—
Sep 29, 1997
—
West & Wheeler-manitou Trust
Grabarits,marion
Quit Claim Deed
related
—
May 9, 1990
$222,000
Ricardo D Erosa
Clark,debra A
Grant Deed
$155,000 · Shearson Lehman Hutton Mtg Co
—
—
Michael C Slattery
—
Deed Of Trust
related
$825,000 · Us Bank
—
—
163rd Street LLC
—
Deed Of Trust
related
$482,310 · Us Bank NA
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 16340 Aurora N Ave?
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.
