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Property profile & analytics
FOR LEASE
Medical Office Space
18532 Firlands Way, Shoreline, WA 98133
Individually Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1695655
No photos on file
For Lease
$2,400/Mo
18532 Firlands Way, Shoreline, WA 98133
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1954
Construction
WOOD
Total area
4,536 SF
Lot
0.39 ac (17,000 SF)
Zoning code
TC-3
APN
728390-0440
UPID
US90-1695655
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
$1.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$775k
Owner & transaction history
Gregory G Ahmann · 15 yrs held
Gregory G Ahmann
since 2011
7 recorded transactions
Zoning & alternative use
TC-3 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,165,000
6.5%
$1,075,000
7%
$1,000,000
Blend value · Realmo final
$775k
Range $698k – $853k · ±10%
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
$171 / 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
$13,614
Tax year 2022
Assessed value
$1,191,000
Assessed 2022
Previous assessed
$1,191,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,190,000
Assessed improvement
$1,000
Land market value
$1,190,000
Improvement market value
$1,000
Total market value
$1,191,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1954
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
4,536 SF
Lot
0.39 ac (17,000 SF)
Zoning code
TC-3
APN
728390-0440
UPID
US90-1695655
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
TC-3 · Shoreline, WA
Zoning TC-3 · permitted uses
TC-3 · 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
1954
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Gregory G Ahmann
Individual
Free & Clear · 15 yrs held
Mailing address
2150 E INTERLAKEN BLVD, SEATTLE, WA 98112-3433
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2011
$905,000
Gregory G Ahmann
Olson,bruce A & Linda L
Warranty Deed
—
Jul 26, 2004
$584,700
Bruce A Olson
Harris,richard E
Grant Deed
$169,277 · Richard E Harris
Feb 24, 2004
—
Richard E Harris
Harris,susan V
Quit Claim Deed
related
—
Dec 29, 1993
$450,000
Richard E Harris
Olson,lowell A &
Grant Deed
$360,000 · Seller
—
—
Richard E Harris
—
Deed Of Trust
related
$190,000 · Security Pacific Mortgage
—
—
Bruce A Olson
—
Deed Of Trust
related
$229,321 · Lowell A & Carol L Olson
—
—
Richard E Harris
—
Deed Of Trust
related
$145,838 · Us Bank Of Washington
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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