18525 Firlands N Way Shoreline, WA 98133-3916
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TC-3 · Shoreline, WAShoreline. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.