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Property profile & analytics
OFF-MARKET
Estimated value
$8,405,000
Assisted living facilities
16357 Aurora N Ave Shoreline, WA 98133-5651
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-1755318
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
26,280 SF
Lot
2.66 ac (115,868 SF)
Zoning code
MB
APN
329370-0010
UPID
US90-1755318
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
$8.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.86M
Blend (final)
Blend
$8.41M
Owner & transaction history
Housing Authority Of The County Of · 5 yrs held
Housing Authority Of The County Of
since 2021
Last sale
$8.1M
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
Top alternative use upside
Restaurant
$13.8M
+71.1%
Commercial (general)
$13.3M
+65.0%
Auto repair, garage
$10.8M
+34.2%
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
$8,725,000
ML approach
$8,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$8,060,000
Current use
RESTAURANT
$13,790,000
Change: +71% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,300,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,810,000
Change: +34% · Conversion: Difficult
RETAIL STORES
$10,540,000
Change: +31% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,320,000
Change: +16% · Conversion: Difficult
OFFICE BUILDING
$9,285,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$9,035,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$8.41M
Range $7.56M – $9.25M · ±10% · vs last sale $8.10M (Feb 2 2021)
Last sale anchor
$8.10M
Feb 2 2021
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
$320 / 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
$16,313
Tax year 2022
Assessed value
$5,382,100
Assessed 2022
Previous assessed
$5,382,100
+0.0% YoY
Effective rate
0.30%
On assessed value
Assessed land
$4,055,300
Assessed improvement
$1,326,800
Land market value
$4,055,300
Improvement market value
$1,326,800
Total market value
$5,382,100
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Units
90
Total area
26,280 SF
Lot
2.66 ac (115,868 SF)
Zoning code
MB
APN
329370-0010
UPID
US90-1755318
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
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$8.1M
RESTAURANT
Est. value
$13.8M
COMMERCIAL (GENERAL)
Est. value
$13.3M
AUTO REPAIR, GARAGE
Est. value
$10.8M
RETAIL STORES
Est. value
$10.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.3M
OFFICE BUILDING
Est. value
$9.3M
MEDICAL BUILDING
Est. value
$9.0M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Units
90
Lot
2.66 ac
Current owner
From public records · entity-resolved
Housing Authority Of The County Of
Entity
Free & Clear · 5 yrs held
Mailing address
100 23RD AVE S, SEATTLE, WA 98144-2302
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Feb 2, 2021
$7,330,000
Housing Authority Of The County Of
Ctr Partnership LP
Special Warranty Deed
—
Sep 2, 2020
—
Knd Real Estate Holdings LLC
Ventas Realty LP
Correction Deed
related
—
Oct 4, 2017
$4,636,500
Knd R & E Escrow Holdings LLC
Ventas Rlty LP
Grant Deed
—
Oct 4, 2017
$6,973,844
Ctr Ptshp LP
Knd R/e Escrow Holdings LLC
Grant Deed
—
Apr 29, 2011
—
Kindred Healthcare INC
—
Deed Of Trust
related
$600,000,000 · J P Morgan Chase Bank
Feb 23, 2005
—
City Of Shoreline
Ventas Realty
Warranty Deed
—
Apr 24, 2001
—
Vencor Operating INC
—
Deed Of Trust
related
$300,000,000 · Morgan Guaranty Trust Co Ny
Feb 29, 2000
—
Ventas Realty LP
—
Deed Of Trust
related
—
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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