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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16610 Aurora Ave N Shoreline, WA 98133

    • Retail space
    • 5,632 SF
    • 0.51 lot acres
    For Sale
    View listing
    $2,995,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1566886
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 16610 Aurora Ave N

    Year built
    1984
    Construction
    WOOD
    Lot size
    0.51 lot acres
    Property size
    5,632 SF
    Zone code
    MB
    Property type
    Retail space
    APN
    525430-0020
    APU
    5254300020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,660,000
      6.5%
      $1,530,000
      7%
      $1,425,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,935,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Shoreline
    County
    King
    State
    Washington
    Longitude
    -122.345
    Latitude
    47.7499
    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
    $17,647
    $1,340,600
    $1,000
    $1,341,600
    -
    $1,340,600
    $1,000
    $1,341,600

    Comparable in this City

    • Value Estimation
      $985,000
      4,200 SF

      10512 Greenwood N Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      10512 Greenwood N Ave, Seattle, WA 98133
      View Details
    • Value Estimation
      $2,255,000
      9,952 SF

      12004 Aurora N Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,952 SF
      12004 Aurora N Ave, Seattle, WA 98133-8250
      View Details
    • Value Estimation
      $3,415,000
      17,600 SF

      20200 Aurora N Ave

      RETAIL STORES (PERSONAL SERVICES) • 17,600 SF
      20200 Aurora N Ave, Seattle, WA 98133
      View Details
    • Value Estimation
      $1,490,000
      7,464 SF

      10310 Aurora N Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,464 SF
      10310 Aurora N Ave, Seattle, WA 98133-9228
      View Details
    • Value Estimation
      $500,000
      1,824 SF

      14320 Greenwood N Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,824 SF
      14320 Greenwood N Ave, Seattle, WA 98133-6813
      View Details
    • Value Estimation
      $1,130,000
      6,600 SF

      1202 155th St

      RETAIL STORES (PERSONAL SERVICES) • 6,600 SF
      1202 155th St, Shoreline, WA 98133-5702
      View Details

    Similar Nearby for Sale

    • $1,690,000
      14,400 SF

      Retail Property with Basement Units

      Retail property featuring basement units and on-site parking.
      10324 Aurora Ave N Seattle, Seattle, WA 98133
      View Details
    • $1,690,000
      14,400 SF

      Retail Property with Basement Units

      Retail property featuring basement units and on-site parking.
      10324 Aurora Ave N, Seattle, WA 98133
      View Details
    • $2,999,950

      Prime Mixed-Use Development Opportunity

      1.126-acre parcel zoned TC-3, ideal for mixed-use development.
      18525 Firlands Way N, Shoreline, WA 98133
      View Details
    • $3,500,000

      Retail Property on Aurora Avenue

      Retail property with frontage on Aurora Ave N in Seattle.
      12040 Aurora Ave N, Seattle, WA 98133
      View Details
    • $2,799,000
      14,291 SF

      Mixed-Use Building in Broadview

      14,291 SF mixed-use building with rental upside and development potential.
      14401 Greenwood Ave N, Seattle, WA 98133
      View Details
    • $6,000,000
      0.61 Acres

      Shoreline Retail Land Opportunity

      Prime Shoreline location, $6M, 0.61 acres.
      15544 Aurora Ave, Shoreline, WA 98133
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      5,162 SF

      Former Casino Building on Aurora

      5162 SF building suitable for office or retail use.
      14525 Aurora Ave N, Shoreline, WA 98133
      View Details
    • $22 SF/Yr
      3,562 SF

      Retail Space in Shoreline, WA

      Retail space available for lease in Shoreline, Washington.
      18336 Aurora Ave N, Shoreline, WA 98133
      View Details
    • $16 SF/Yr
      8,800 SF

      Retail and Warehouse Space Available

      8,800 SF retail/warehouse space in high-density area.
      15403-15507 Westminster Way N, Shoreline, WA 98133
      View Details
    • $16 SF/Yr
      40,000 SF

      Redeveloping Retail Space in Shoreline

      Retail showroom and highbay warehouse space available near Central Market.
      15405 Westminster Way, Shoreline, WA 98133
      View Details
    • Contact for pricing
      128,432 SF

      Shoreline Retail Space For Lease

      Prime Shoreline retail, multiple spaces available.
      15515 Westminster Way, Shoreline, WA 98133
      View Details
    • $100 SF/Yr
      638,324 SF

      Echo Lake Retail Center Investment

      Prime Shoreline Retail Space Available
      19240 Aurora Ave, Shoreline, WA 98133
      View Details
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    Shoreline, WA 98133
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    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
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