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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Investment properties
19246 15th NE Ave Shoreline, WA 98155-2300
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1034049
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,203 SF
Lot
0.39 ac (16,867 SF)
Zoning code
RM 2400
APN
397170-1605
UPID
US90-1034049
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
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$866k
Blend (final)
Blend
$1.10M
Owner & transaction history
Pav Ventures LLP · 1 yrs held
Pav Ventures LLP
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
RM 2400 · 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
$1,100,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.10M (Dec 16 2024)
Last sale anchor
$1.10M
Dec 16 2024
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
$914 / 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
$8,896
Tax year 2022
Assessed value
$608,200
Assessed 2022
Previous assessed
$608,200
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$607,200
Assessed improvement
$1,000
Land market value
$607,200
Improvement market value
$1,000
Total market value
$608,200
Applied tax rate
1,245.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Units
1
Total area
1,203 SF
Lot
0.39 ac (16,867 SF)
Zoning code
RM 2400
APN
397170-1605
UPID
US90-1034049
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RM 2400 · Shoreline, WA
Zoning RM 2400 · permitted uses
RM 2400 · 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
1930
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Pav Ventures LLP
Entity
Mailing address
19246 15TH AVE NE, SHORELINE, WA 98155-2300
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2024
$1,100,000
Pav Ventures LLP
C & Kay LLC
Warranty Deed
$880,000 · C & Kay LLC
Aug 21, 2017
—
C & Kay LLC
—
Deed
related
$200,000 · Bank Of Hope
Mar 23, 2012
$250,000
C & Kay LLC
Vallis R Kolbeck
Warranty Deed
$220,000 · Pacific International Bank
Nov 20, 2003
$365,000
Vallis R Kolbeck
Harb,sammy M & Suad
Grant Deed
$320,000 · Northstar Bank
Nov 20, 2003
—
Vallis R Kolbeck
Kolbeck,juanita
Quit Claim Deed
related
—
—
—
Vallis R Kolbeck
—
Deed Of Trust
related
$100,000 · Columbia State Bank
—
—
Sammy H Harb
—
Deed Of Trust
related
$50,000 · Key Bank NA
—
—
C & Kay LLC
—
Deed Of Trust
related
$200,000 · Bank Of Hope
—
—
Vallis R Kolbeck
—
Deed Of Trust
related
$97,824 · Coastal Community 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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