Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,315,000
Retail space
18025 Aurora N Ave Shoreline, WA 98133-4419
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0908571
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,265 SF
Lot
0.84 ac (36,394 SF)
Zoning code
TC-2
APN
728770-0100
UPID
US90-0908571
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
$4.26M
CAP Approach
CAP
$4.43M
Comparable Approach
Comparable
$3.82M
Blend (final)
Blend
$4.32M
Owner & transaction history
Keystone 1031 Net Leased Portfolio · 4 yrs held
Keystone 1031 Net Leased Portfolio
since 2021
Last sale
$4.6M
5 recorded transactions
Zoning & alternative use
TC-2 · Shoreline, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.7M
+2.6%
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
Method
Estimation
Statistic approach
$4,225,000
ML approach
$4,260,000
CAP Approach
CAP Return
Estimation
6%
$4,795,000
6.5%
$4,425,000
7%
$4,110,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,520,000
Current use
AUTO REPAIR, GARAGE
$6,690,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,770,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$5,750,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$5,595,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.32M
Range $3.88M – $4.75M · ±10% · vs last sale $4.58M (Dec 2 2021)
Last sale anchor
$4.58M
Dec 2 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$265 / 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
$29,387
Tax year 2022
Assessed value
$2,184,600
Assessed 2022
Previous assessed
$2,184,600
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$2,183,600
Assessed improvement
$1,000
Land market value
$2,183,600
Improvement market value
$1,000
Total market value
$2,184,600
Applied tax rate
2,263.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Total area
16,265 SF
Lot
0.84 ac (36,394 SF)
Zoning code
TC-2
APN
728770-0100
UPID
US90-0908571
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TC-2 · Shoreline, WA
Zoning TC-2 · permitted uses
TC-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.6M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Keystone 1031 Net Leased Portfolio
Individual
Mailing address
350 JERICHO TPKE #320, JERICHO, NY 11753-1351
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2021
$4,580,000
Keystone 1031 Net Leased Portfolio
Statec P1 18025 Aurora Ave N Shorel
Bargain And Sale Deed
$13,400,000 · Ladder Capital Finance LLC
Apr 16, 2021
$4,575,000
Statec P1 18025 Aurora Ave N Shorel
Labe Company LLC
Bargain And Sale Deed
$2,748,000 · Zb NA
Jun 9, 2014
—
Labe Co LLC
Labe Ann Trust
Quit Claim Deed
related
—
Jul 2, 1998
$2,029,220
Labe Trust
Transatlanic Leasing INC
Grant Deed
—
Oct 31, 1997
$1,015,000
Transatlantic Leasing INC
Sears Roebuck & Co
Grant Deed
—
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?”
You own 18025 Aurora N Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
