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Property profile & analytics
OFF-MARKET
Estimated value
$20,540,000
Warehouses
19237 Aurora N Ave, Shoreline, WA 98133-3930
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-2069371
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
CONCRETE
Total area
105,869 SF
Lot
0.96 ac (41,711 SF)
Zoning code
MB
APN
728390-0630
UPID
US90-2069371
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
$18.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.54M
Owner & transaction history
Public Storage · 5 yrs held
Public Storage
since 2021
Last sale
$20.7M
7 recorded transactions
Zoning & alternative use
MB · 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
$22,300,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,995,000
6.5%
$18,455,000
7%
$17,140,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$31,275,000
Current use
Blend value · Realmo final
$20.54M
Range $18.49M – $22.59M · ±10% · vs last sale $20.70M (Apr 16 2021)
Last sale anchor
$20.70M
Apr 16 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
$194 / 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
$233,312
Tax year 2022
Assessed value
$20,700,000
Assessed 2022
Previous assessed
$20,700,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,919,700
Assessed improvement
$17,780,300
Land market value
$2,919,700
Improvement market value
$17,780,300
Total market value
$20,700,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
CONCRETE
Heating
SPACE
Stories
5
Total area
105,869 SF
Lot
0.96 ac (41,711 SF)
Zoning code
MB
APN
728390-0630
UPID
US90-2069371
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
MB · Shoreline, WA
Zoning MB · permitted uses
MB · 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
WAREHOUSE, STORAGE Current
Est. value
$31.3M
WAREHOUSE, STORAGE Current
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
2019
Construction
CONCRETE
Heating
SPACE
Stories
5
Lot
0.96 ac
Current owner
From public records · entity-resolved
Public Storage
Individual
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2021
$20,700,000
Public Storage
Ch Ss Fund Baranof Seattle Shorelin
Bargain And Sale Deed
—
Sep 5, 2018
$3,000,000
Ch Ss Fund-baranof Seattle Sho
Shoreline Storage Assocs LLC
Grant Deed
—
Jul 28, 2016
$1,882,935
Shoreline Storage Assocs LLC
Top Properties 5 LLC
Grant Deed
—
Dec 11, 2012
—
Top Properties 5 LLC
Top Properties LLC
Quit Claim Deed
related
—
Sep 27, 2012
$1,433,322
Top Properties LLC
Hanson Baker Ludlow Drumh
Trustees Deed
related
—
Aug 18, 2009
—
Howland Dev Co LLC
Recondite Properties LLC
Quit Claim Deed
related
—
Nov 18, 2004
—
Recondite Properties LLC
—
Trustees Deed
related
$549,750 · City Bank
Oct 20, 2004
—
Recondite Properties LLC
Howland,matthew L & Meagan L
Quit Claim Deed
related
—
Nov 15, 2000
$520,000
Matthew L Howland
Heather LP
Grant Deed
$390,000 · Dunvegan Trust
Jan 10, 1996
—
Dunvegan Trust
Mcleod,malcolm S & Eunice B
Quit Claim Deed
related
—
—
—
Matthew L Howland
—
Deed Of Trust
related
$787,500 · Frontier Bank
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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