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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Office Spaces
17529 15th NE Ave Shoreline, WA 98155-3801
Individually Owned
10-yr Hold
Free & Clear
Property ID
US90-1620616
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1960
Construction
WOOD
Total area
10,600 SF
Lot
0.76 ac (32,988 SF)
Zoning code
CB
APN
616390-0781
UPID
US90-1620616
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
$1.50M
Owner & transaction history
Bethel Lutheran Ch Of Shoreline · 10 yrs held
Bethel Lutheran Ch Of Shoreline
since 2015
7 recorded transactions
Zoning & alternative use
CB · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$142 / 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
$6,756
Tax year 2022
Assessed value
$2,033,300
Assessed 2022
Previous assessed
$2,033,300
+0.0% YoY
Effective rate
0.33%
On assessed value
Assessed land
$1,814,300
Assessed improvement
$219,000
Land market value
$1,814,300
Improvement market value
$219,000
Total market value
$2,033,300
Applied tax rate
2,266.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
HOT WATER
Stories
1
Total area
10,600 SF
Lot
0.76 ac (32,988 SF)
Zoning code
CB
APN
616390-0781
UPID
US90-1620616
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Shoreline, WA
Zoning CB · permitted uses
CB · 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.
Building & site characteristics
From public records
Year built
1960
Construction
WOOD
Heating
HOT WATER
Stories
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Bethel Lutheran Ch Of Shoreline
Individual
Free & Clear · 10 yrs held
Mailing address
17529 15TH AVE NE, SHORELINE, WA 98155-3801
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2015
$2,000,000
Bethel Lutheran Ch Of Shoreline
17529 15th Avenue Ne LLC
Warranty Deed
—
Sep 19, 2006
$2,480,000
17529 15th Avenue Ne LLC
Tab One LLC
Warranty Deed
$710,000 · Washington Mutual Bank
Jan 31, 1992
$820,000
Thomas Lee Wilson
Butz,john&judy&h
Grant Deed
$180,400 · Seller
—
—
Thomas L Wilson
—
Deed Of Trust
related
$565,000 · Evergreenbank
—
—
Tab One LLC
—
Deed Of Trust
related
$55,755 · Evergreenbank
—
—
Tab One LLC
—
Deed Of Trust
related
$686,146 · Evergreenbank
—
—
Tab One LLC
—
Deed Of Trust
related
$1,042,632 · Evergreenbank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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