Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17727 15th NE Ave Shoreline, WA 98155-3803

    Property Lookup

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

    17727 15th NE Ave Shoreline, WA 98155-3803

    View on Map
    • Outlet malls
    • 14,800 SF
    • 0.92 lot acres
    Off-Market
    Property ID
    US90-0442683
    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
    $2,105,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 17727 15th NE Ave

    Year built
    1962
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.92 lot acres
    Property size
    14,800 SF
    Zone code
    CB
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    616390-0732
    APU
    6163900732

    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
    -122.314
    Latitude
    47.7583
    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
    $28,719
    $2,203,500
    $1,000
    $2,204,500
    -
    $2,203,500
    $1,000
    $2,204,500

    Comparable in this City

    • Value Estimation
      $1,565,000
      11,287 SF

      17712 15th NE Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 11,287 SF
      17712 15th NE Ave, Shoreline, WA 98155-3804
      View Details
    • Value Estimation
      $5,475,000
      32,400 SF

      14500 15th NE Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 32,400 SF
      14500 15th NE Ave, Shoreline, WA 98155-7122
      View Details
    • Value Estimation by Request
      0.19 Acres

      14514 20th NE Ave

      PARKING LOT • 0.19 Acres
      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) • 6,040 SF
      19258 15th NE Ave, Shoreline, WA 98155-2315
      View Details
    • Value Estimation by Request
      1,537 SF

      19960 Ballinger NE Way

      AUTO REPAIR, GARAGE • 1,537 SF
      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 • 1,867 SF
      14506 Bothell NE Way, Lake Forest Park, WA 98155-7606
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,020 SF

      Shoreline Industrial Facility For Sale

      24,020 SF industrial building on 2.59 acres.
      16325 5Th Ave NE, Shoreline, WA 98155
      View Details
    • $1,700,000
      1,364 SF

      Free-Standing Retail/Office Building Available

      Free-standing retail/office building for sale, ready for immediate occupancy.
      17211 15Th Ave NE, Shoreline, WA 98155
      View Details
    • $9,627,955
      52,043 SF

      Shoreline MUR-70 Zoned Land Assemblage

      Seven-lot assemblage near light rail station, zoned MUR-70.
      14861 5Th Ave NE, Shoreline, WA 98155
      View Details
    • $3,150,000

      Office/Retail Building with Land

      Office/retail building with duplex and land for sale.
      3204 145Th St, Seattle, WA 98155
      View Details
    • $13,000,000

      Light Rail Assemblage Opportunity

      Prime assemblage near light rail station with retail potential.
      14537 6Th Ave, Seattle, WA 98155
      View Details
    • Contact for pricing

      Development Site Near Light Rail

      Development site near North Shoreline Light Rail Station.
      18340 3Rd Ave, Shoreline, WA 98155
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Shoreline Office Space Available

      Office space in Shoreline with existing law firm build-out.
      19944 Ballinger Way NE, Shoreline, WA 98155
      View Details
    • Contact for pricing
      2,119 SF

      SeaTac Retail Space For Lease

      Cost-effective commercial spaces for lease with excellent visibility and access.
      15300 33Rd Ave S, Seatac, WA 98155
      View Details
    • $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
    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.
    17727 15th NE Ave
    Shoreline, WA 98155-3803
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!