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Property profile & analytics
OFF-MARKET
Parking lots & garages
17763 15th NE Ave Shoreline, WA 98155-3859
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US90-2975618
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1967
Total area
1,610 SF
Lot
0.27 ac (11,938 SF)
Zoning code
CB
APN
616390-0693
UPID
US90-2975618
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
by Request
Owner & transaction history
Shoreline 88 LLC · 21 yrs held
Shoreline 88 LLC
since 2005
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
—
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
$7,189
Tax year 2022
Assessed value
$596,900
Assessed 2022
Previous assessed
$596,900
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$596,900
Land market value
$596,900
Total market value
$596,900
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1967
Heating
FORCED AIR
Stories
1
Bathrooms
2
Total area
1,610 SF
Lot
0.27 ac (11,938 SF)
Zoning code
CB
APN
616390-0693
UPID
US90-2975618
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
1967
Heating
FORCED AIR
Stories
1
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Shoreline 88 LLC
Entity
Mailing address
219 E GARFIELD ST STE #600, SEATTLE, WA 98102-3785
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2005
—
Shoreline 88 LLC
Mastro,michael R
Grant Deed
related
$10,700,000 · First Independent Bank
Mar 15, 2005
$3,000,000
Michael R Mastro
North City Landing
Warranty Deed
—
Feb 5, 2004
—
Kevin H Mcauliffe
North City Properties LLC
Quit Claim Deed
related
—
Feb 5, 2004
$1,700,000
North City Landing LP
Mcmahon,michael J & Linda J
Trustees Deed
$1,275,000 · Evertrust Bank
Dec 22, 1999
—
North City Properities LLC
Mcauliffe,kevin H & Marcy B
Quit Claim Deed
related
—
Sep 23, 1999
$200,000
Kevin H Mcauliffe
De Kennedy,michelle V
Grant Deed
$180,000 · Headlands Mortgage
Nov 30, 1995
$150,000
Michelle V De Kennedy
Vermillion,deina J & Logan E
Grant Deed
$147,437 · Alternative Mortgage Source
Nov 5, 1992
$50,000
Logan E Vermillion
Bilek,francis A&
Grant Deed
—
—
—
Michelle V Dekennedy
—
Deed Of Trust
related
$144,950 · Countrywide Home Loans INC
—
—
Shoreline 88 LLC
—
Deed Of Trust
related
$11,245,900 · Dwight Cap
—
—
Shoreline 88 LLC
—
Deed Of Trust
related
$12,000,000 · State Farm Life Insurance Co
—
—
Shoreline 88 LLC
—
Deed Of Trust
related
$11,245,900 · Private Lender
—
—
North City Properties LLC
—
Deed Of Trust
related
$495,000 · Evertrust Bank
—
—
Arabella Apts LLC
—
Deed Of Trust
related
$25,000,000 · Miscellaneous Ins Co
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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