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19944 Ballinger Way NE Shoreline, WA 98155

Office buildings Google Maps
3,120 SF 0.27 ac lot Built 1968
Entity Owned 4-yr Hold Free & Clear
No photos on file
For Lease
$2,860/Mo 1,560 SF available
19944 Ballinger Way NE, Shoreline, WA 98155
View Listing →
Estimated value (blended)
$4.16M
Range $3.74M – $4.57M (±10%)
Property ID US90-3152613

Property summary

AI-generated overview

This exceptional ground floor office space, totaling 535 square feet, presents a rare opportunity for a small business seeking a convenient and accessible location. Situated within a three-building complex in Shoreline, Washington, this single-room office boasts its own private bathroom, offering a high degree of privacy and functionality. The property is conveniently located directly off Ballinger Way, a major arterial road in Shoreline, ensuring excellent visibility and accessibility for clients and employees. A significant advantage is the inclusion of dedicated parking directly in front of the office space, eliminating the hassle of searching for parking and providing convenient access. The office is part of a larger complex, offering a professional and well-maintained environment. This space is ideal for a solo practitioner, small team, or business requiring a compact yet functional workspace. The "Traditional Office" subtype ensures a classic and efficient layout. The property is located in King County and is currently available for lease. This is a unique opportunity to secure a highly desirable office space in a prime Shoreline location. The space is ready for immediate occupancy. Contact us today to schedule a viewing.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1968
Construction WOOD
Total area 3,120 SF
Lot 0.27 ac (11,716 SF)
Zoning code CB
APN 741770-0590
UPID US90-3152613

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
$4.19M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.16M

Owner & transaction history

since 2022
Last sale
$4.3M
7 recorded transactions
2022
Price N/A
2022
$4.3M
2016
$3.7M
2011
$1.0M
2011
$1.8M
2004
$2.0M
1999
Price N/A

Zoning & alternative use

CB · Shoreline, WA
Zoning description

The purpose of the community business zone CB is to provide location for a wide variety of business activities, such as convenience stores, retail, personal services for the local community, and to allow for apartments a…

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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