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Property profile & analytics
FOR LEASE
Outlet malls
17712 15Th Ave NE Shoreline, WA 98155
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0691140
No photos on file
For Lease
$2,724/Mo
17712 15Th Ave NE, Shoreline, WA 98155
View Listing →
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1956
Construction
WOOD
Total area
11,287 SF
Lot
0.46 ac (20,062 SF)
Zoning code
CB
APN
402410-0181
UPID
US90-0691140
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
$1.57M
Owner & transaction history
North City Apartments Owner LP · 3 yrs held
North City Apartments Owner LP
since 2023
6 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
$139 / 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
$20,856
Tax year 2022
Assessed value
$1,625,800
Assessed 2022
Previous assessed
$1,625,800
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,103,400
Assessed improvement
$522,400
Land market value
$1,103,400
Improvement market value
$522,400
Total market value
$1,625,800
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1956
Construction
WOOD
Heating
SPACE
Stories
2
Total area
11,287 SF
Lot
0.46 ac (20,062 SF)
Zoning code
CB
APN
402410-0181
UPID
US90-0691140
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
1956
Construction
WOOD
Heating
SPACE
Stories
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
North City Apartments Owner LP
Entity
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2023
—
North City Apartments Owner LP
Niko 1 LLC
Quit Claim Deed
related
$47,827 · 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
$675,000 · John S & Maria L Chinn
—
—
Par Mark Shoreline LLC
—
Deed Of Trust
related
$700,000 · Washington Trust Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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