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19550 Aurora N Ave Shoreline, WA 98133-3521

OFF-MARKET Office buildings Google Maps
3,128 SF 0.49 ac lot Built 1951
Entity Owned 1-yr Hold ~ Est. High Equity
Estimated value (blended)
$2.80M
Range $2.52M – $3.08M (±10%)
Property ID US90-1664146

Property summary

AI-generated overview

This exceptional sublease opportunity presents 3,000 square feet of versatile commercial space at 19550 Aurora Avenue North in King County's CBA N. Seattle submarket. Located just three blocks south of Aurora Village, this prime location boasts high visibility on Aurora Avenue, a major thoroughfare with approximately 33,000 cars passing daily, and convenient access to I-5. The property, situated on a 1.32-acre lot, comprises two single-story buildings totaling 5,312 square feet, built in 1954 and renovated in 1990. The available space is ideally suited for a variety of uses, featuring a 1,500-square-foot top-floor showroom and a 1,500-square-foot downstairs office/workshop area. Seven designated parking spaces are available for tenants. The property is zoned MB and has two bathrooms. The current lease extends to October 31, 2026, with a five-year option to renew, extending the lease through 2031. High-impact signage opportunities are available on Aurora Avenue, ensuring maximum brand visibility. This is a rare chance to secure a well-located, adaptable space in a thriving commercial area. The property's APN is 2232500056.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1951
Construction WOOD
Total area 3,128 SF
Lot 0.49 ac (21,226 SF)
Zoning code MB
APN 223250-0056
UPID US90-1664146

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.80M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.84M
Blend (final) Blend
$2.80M

Owner & transaction history

since 2024
Last sale
$2.8M
7 recorded transactions
2024
$2.8M
2019
$1.4M
2014
$1.0M
1999
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

MB · Shoreline, WA
Zoning description

The purpose of the mixed business zone MB is to encourage the development of vertical and/or horizontal mixed use buildings or developments along the Aurora Avenue and Ballinger Way corridors

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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