Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    16549 Aurora N Ave Shoreline, WA 98133-5308
    Property profile & analytics

    16549 Aurora N Ave Shoreline, WA 98133-5308

    View on Map
    • Medical Office Space
    • 38,170 SF
    • 1.10 lot acres
    Off-Market
    Property ID
    US90-1507243
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $8,040,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 16549 Aurora N Ave

    Year built
    2014
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.10 lot acres
    Property size
    38,170 SF
    Zone code
    MB
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    072604-9061
    APU
    726049061

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $13,125,000
      Current use
      WAREHOUSE, STORAGE
      $11,275,000
      Change: -14% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Shoreline
    County
    King
    State
    Washington
    Longitude
    -122.346
    Latitude
    47.7503
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $13,933
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $555,000
      2,638 SF

      17900 Linden N Ave

      MEDICAL BUILDING • 2,638 SF
      17900 Linden N Ave, Shoreline, WA 98133-4824
      View Details
    • Value Estimation
      $18,455,000
      161,789 SF

      11011 Meridian N Ave

      MEDICAL BUILDING • 161,789 SF
      11011 Meridian N Ave, Seattle, WA 98133-8967
      View Details
    • Value Estimation by Request
      1,984 SF

      18528 Firlands N Way

      MEDICAL BUILDING • 1,984 SF
      18528 Firlands N Way, Shoreline, WA 98133-3985
      View Details
    • Value Estimation
      $985,000
      7,612 SF

      18514 Firlands N Way

      MEDICAL BUILDING • 7,612 SF
      18514 Firlands N Way, Shoreline, WA 98133-3917
      View Details
    • Value Estimation
      $4,820,000
      41,757 SF

      1530 115th St

      MEDICAL BUILDING • 41,757 SF
      1530 115th St, Seattle, WA 98133-8421
      View Details
    • Value Estimation
      $610,000
      4,445 SF

      1515 200th St

      MEDICAL BUILDING • 4,445 SF
      1515 200th St, Shoreline, WA 98133-3330
      View Details

    Similar Nearby for Sale

    • $999,000
      2,000 SF

      Professional/Medical Office in Shoreline

      Professional/medical office in a park-like setting with easy access.
      701 182Nd St, Shoreline, WA 98133
      View Details
    • Contact for pricing

      Professional/Medical Office in Shoreline

      Professional/medical office in a tranquil, park-like setting with easy access.
      715 N 182Nd St, Shoreline, WA 98133
      View Details
    • Contact for pricing
      9,044 SF

      Shoreline Professional Center For Sale

      Two-story office building with long-term tenant and upside potential.
      16001 Aurora Ave N, Shoreline, WA 98133
      View Details
    • $5,900,000
      900 SF

      Aurora Avenue Commercial Opportunity

      Two lots with 8,000+ sq ft building near downtown.
      13828 Aurora Ave N, Seattle, WA 98133
      View Details
    • $5,800,000

      Aurora Avenue Development Opportunity

      High-density commercial property near upcoming WinCo and apartment complex.
      13722 Aurora Ave N, Seattle, WA 98133
      View Details
    • $1,750,000

      Prime Seattle Retail Investment

      Five-unit commercial building, high-traffic location.
      10324 Aurora Ave, Seattle, WA 98133
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      600 SF

      North Seattle Office Space Available

      Office space in North Seattle with excellent access and visibility.
      2111 North Northgate Way, Seattle, WA 98133
      View Details
    • $2,212 /Mo
      948 SF

      Turnkey Office Suite For Lease

      Turnkey office suite with ample parking in prime Shoreline location.
      1207 152Nd St, Shoreline, WA 98133
      View Details
    • $2,197 /Mo
      945 SF

      Medical Office Space For Rent

      Medical office space with courtyard views available for rent.
      18528 Firlands Way N, Shoreline, WA 98133
      View Details
    • $3,134 /Mo
      1,343 SF

      Turnkey Office Suite For Lease

      Turnkey office suite in prime Shoreline location for lease.
      1207 152Nd St, Shoreline, WA 98133
      View Details
    • $3,322 /Mo
      1,993 SF

      Shoreline Aurora Village Medical Center

      Remodeled office suite in a high-traffic Shoreline location.
      1151 200Th St, Shoreline, WA 98133
      View Details
    • $4,883 /Mo
      1,542 SF

      Shoreline Medical/Dental Office Space

      Dental office with 4 ops, across from Costco.
      1515 200Th St, Shoreline, WA 98133
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16549 Aurora N Ave
    Shoreline, WA 98133-5308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16549 Aurora N Ave, Shoreline, WA, 98133
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!