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    17712 15Th Ave NE Shoreline, WA 98155
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    Property profile & analytics

    17712 15Th Ave NE, Shoreline, WA 98155

    View on Map
    • Outlet malls
    • 11,287 SF
    • 0.46 lot acres
    For Lease
    $2,724/Mo
    View Listing →
    New Mixed-Use Retail Space For Lease
    $2,724/Mo
    908 SF

    New Mixed-Use Retail Space

    Retail spaces in Shoreline's growing mixed-use complex, ready now.

    17712 15th Ave NE, Shoreline, WA 98155
    View Listing
    Property ID
    US90-0691140
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 17712 15Th Ave NE

    Year built
    1956
    Construction
    WOOD
    Lot size
    0.46 lot acres
    Zone code
    CB
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    402410-0181
    APU
    4024100181

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 27, 2023 — North City Apartments Owner LP Niko 1 LLC Quit Claim Deed · related $48k · Zb NA
    Jun 26, 2023 $3,500,000 North City Apartments Owner LP Par Mark Shoreline LLC Bargain And Sale Deed —
    May 8, 2023 — Wv West Acquisitions LLC Par Mark Shoreline LLC Agreement Of Sale —
    Jul 10, 2012 $816,000 Par Mark Shoreline LLC Hendrickson,kevin B & Jona Warranty Deed —
    Apr 30, 2003 $975,000 Kevin B Hendrickson Chinn,john S & Maria L Grant Deed $675k · John S & Maria L Chinn
    — — Par Mark Shoreline LLC — Deed Of Trust · related $700k · Washington Trust Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Shoreline
    County
    King
    State
    Washington
    Longitude
    -122.313
    Latitude
    47.758
    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
    $20,856
    $1,103,400
    $522,400
    $1,625,800
    -
    $1,103,400
    $522,400
    $1,625,800

    Comparable in this City

    • Value Estimation
      $2,105,000
      14,800 SF

      17727 15th NE Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      17727 15th NE Ave, Shoreline, WA 98155-3803
      View Details
    • Value Estimation
      $5,475,000
      32,400 SF

      14500 15th NE Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      14500 15th NE Ave, Shoreline, WA 98155-7122
      View Details
    • Value Estimation by Request
      0.19 Acres

      14514 20th NE Ave

      PARKING LOT
      14514 20th NE Ave, Shoreline, WA 98155-7327
      View Details
    • Value Estimation
      $795,000
      6,040 SF

      19258 15th NE Ave

      RETAIL STORES (PERSONAL SERVICES)
      19258 15th NE Ave, Shoreline, WA 98155-2315
      View Details
    • Value Estimation by Request
      1,537 SF

      19960 Ballinger NE Way

      AUTO REPAIR, GARAGE
      19960 Ballinger NE Way, Shoreline, WA 98155-1223
      View Details
    • Value Estimation by Request
      1,867 SF

      14506 Bothell NE Way

      DRIVE-THRU RESTAURANT, FAST FOOD
      14506 Bothell NE Way, Lake Forest Park, WA 98155-7606
      View Details

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      Free-Standing Retail/Office Building Available

      Free-standing retail/office building for sale in Shoreline, Washington.
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      Shoreline MUR-70 Zoned Land Assemblage

      Seven-lot assemblage near light rail station, zoned MUR-70.
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    • $3,150,000

      Office/Retail Building with Land

      Office/retail building with duplex and land for sale.
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      1,364 SF

      Shoreline Retail Space For Sale

      Retail space available for purchase in Shoreline, Washington.
      17211 15Th Ave, Shoreline, WA 98155
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    • Contact for pricing

      Development Site Near Light Rail

      Development site near North Shoreline Light Rail Station.
      18340 3Rd Ave, Shoreline, WA 98155
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    Similar Nearby for Lease

    • $12,878 /Mo
      5,519 SF

      Freestanding Building on Bothell Way

      Freestanding commercial building with prime exposure and convenient access.
      14713 Bothell Way NE, Shoreline, WA 98155
      View Details
    • $3,720 /Mo
      1,240 SF

      Retail Space Available For Rent

      Retail space available for lease in Shoreline, Washington.
      17712 15Th Ave NE, Shoreline, WA 98155
      View Details
    • $5,160 /Mo
      1,720 SF

      Restaurant Space in Shoreline

      Restaurant space available now in Shoreline's mixed-use complex.
      17712 15Th Ave NE, Shoreline, WA 98155
      View Details
    • $2,724 /Mo
      908 SF

      New Mixed-Use Retail Space

      Retail spaces in Shoreline's growing mixed-use complex, ready now.
      17712 15Th Ave NE, Shoreline, WA 98155
      View Details
    • Contact for pricing
      5,519 SF

      Retail Space in Shoreline

      Retail space available for lease in Shoreline, Washington.
      14713 Bothell Way NE, Shoreline, WA 98155
      View Details
    • $3,345 /Mo
      1,338 SF

      High Visibility Corner Retail Space

      Corner retail space near light rail station in Shoreline, WA.
      18553 8Th Ave NE, Shoreline, WA 98155
      View Details
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    Shoreline, WA 98155
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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.

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