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Property profile & analytics
OFF-MARKET
Banks

18525 Firlands N Way Shoreline, WA 98133-3916

9,930 SF 1.13 ac lot Built 1978
Trust Owned 10-yr Hold Free & Clear
Property ID
US90-0948971
Property summary
AI-generated overview

This exceptional 1.126-acre commercial property at 18525 Firlands Way N, Shoreline, WA, presents a unique investment opportunity. Currently featuring a 9,930 square foot existing structure, the site is zoned TC-3, permitting up to 70 feet of building height. This zoning allows for a dynamic mixed-use development, ideally suited for a project incorporating multifamily residential units above ground-floor commercial spaces. The property's location in Shoreline offers unparalleled convenience, situated near major transit routes, ensuring easy access for residents and employees. The surrounding area boasts a vibrant mix of shopping and dining options, further enhancing the property's appeal. Its proximity to both downtown Seattle and the airport provides exceptional connectivity. This expansive parcel represents a rare chance to capitalize on the growth and potential of this thriving community. The existing structure offers flexibility, allowing for adaptive reuse or complete redevelopment, catering to a wide range of development visions. The high development potential, combined with the desirable location, makes this a truly exceptional investment opportunity. The asking price is $3,350,000.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1978
Construction WOOD
Total area 9,930 SF
Lot 1.13 ac (49,068 SF)
Zoning code TC-3
APN 728390-0310
UPID US90-0948971
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
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Blend (final) Blend
by Request
Owner & transaction history
Mccaughan,charles A JR Trust · 10 yrs held
Mccaughan,charles A JR Trust
since 2015
1 recorded transaction
2015
Price N/A
Zoning & alternative use
TC-3 · Shoreline, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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