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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Retail space
19828 Aurora N Ave Shoreline, WA 98133-3524
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-1271041
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1967
Construction
WOOD
Total area
5,964 SF
Lot
0.17 ac (7,403 SF)
Zoning code
MB
APN
222730-0020
UPID
US90-1271041
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
$2.07M
CAP Approach
CAP
$1.62M
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$1.85M
Owner & transaction history
Lake Washington R & E LLC · 6 yrs held
Lake Washington R & E LLC
since 2020
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
MB · Shoreline, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+26.2%
Auto repair, garage
$2.5M
+2.6%
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
$2,090,000
ML approach
$2,065,000
CAP Approach
CAP Return
Estimation
6%
$1,760,000
6.5%
$1,620,000
7%
$1,505,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,390,000
Current use
COMMERCIAL (GENERAL)
$3,020,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,455,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,115,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$2,110,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$2,050,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±10% · vs last sale $1.69M (May 22 2020)
Last sale anchor
$1.69M
May 22 2020
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
$309 / 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
$13,212
Tax year 2022
Assessed value
$1,101,900
Assessed 2022
Previous assessed
$1,101,900
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$481,100
Assessed improvement
$620,800
Land market value
$481,100
Improvement market value
$620,800
Total market value
$1,101,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1967
Construction
WOOD
Heating
FORCED AIR
Stories
2
Total area
5,964 SF
Lot
0.17 ac (7,403 SF)
Zoning code
MB
APN
222730-0020
UPID
US90-1271041
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
RETAIL STORES Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1967
Construction
WOOD
Heating
FORCED AIR
Stories
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Lake Washington R & E LLC
Entity
Free & Clear · 6 yrs held
Mailing address
18455 17TH AVE NW, SHORELINE, WA 98177-3315
Ownership since
2020
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
Jul 11, 2023
—
Lake Washington Real Estate LLC
—
Deed
related
$760,000 · East West Bank
May 22, 2020
$1,687,500
Lake Washington R & E LLC
Jdw Properties LLC
Warranty Deed
—
Apr 11, 2017
—
Jdw Properties LLC
—
Deed
related
$720,000 · Boeing Emps Cu
Oct 28, 2005
$783,000
Jdw Properties LLC
Hu,wan L
Warranty Deed
$595,383 · Sterling Savings Bank
Oct 28, 2005
—
Wan L Hu
Washington Exchange Svcs INC
Quit Claim Deed
related
—
Apr 3, 2001
$575,000
Washington Exchange Svcs INC
O,robert & Heawon
Grant Deed
related
—
Mar 31, 1998
$505,000
O Robert
Strong,roger W & Carolyn E
Grant Deed
related
$404,000 · Seller
Jan 4, 1989
$132,339
Roger Strong
Mc
Grant Deed
$39,700 · Seller
—
—
Jdw Properties LLC
—
Deed Of Trust
related
$720,000 · Boeing Emps Cu
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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