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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
20036 19th NE Ave, Shoreline, WA 98155-1211
Individually Owned
26-yr Hold
~
Est. High Equity
Property ID
US90-3203948
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1948
Construction
WOOD
Total area
1,922 SF
Lot
0.22 ac (9,538 SF)
Zoning code
CB
APN
741770-0575
UPID
US90-3203948
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
$555k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$530k
Owner & transaction history
Shohreh Khorsandi · 26 yrs held
Shohreh Khorsandi
since 1999
5 recorded transactions
Zoning & alternative use
CB · Shoreline, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$790,000
+16.4%
Retail stores
$770,000
+13.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$680,000
Current use
AUTO REPAIR, GARAGE
$790,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$770,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$660,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$570,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10%
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
$276 / 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
$7,845
Tax year 2022
Assessed value
$682,300
Assessed 2022
Previous assessed
$682,300
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$429,200
Assessed improvement
$253,100
Land market value
$429,200
Improvement market value
$253,100
Total market value
$682,300
Applied tax rate
2,266.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
FORCED AIR
Stories
2
Bathrooms
1
Total area
1,922 SF
Lot
0.22 ac (9,538 SF)
Zoning code
CB
APN
741770-0575
UPID
US90-3203948
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Shoreline, WA
Zoning CB · permitted uses
CB · 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
OFFICE BUILDING Current
Est. value
$680,000
AUTO REPAIR, GARAGE
Est. value
$790,000
RETAIL STORES
Est. value
$770,000
MEDICAL BUILDING
Est. value
$660,000
WAREHOUSE, STORAGE
Est. value
$570,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1948
Construction
WOOD
Heating
FORCED AIR
Stories
2
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Shohreh Khorsandi
Individual
Mailing address
2128 N 135TH ST, SEATTLE, WA 98133-7816
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
—
Soltani Soleiman
—
Deed
related
$1,200,000 · Sarajevo INC
Oct 29, 1999
$200,000
Shohreh Khorsandi
Runyan,robert F & Gwendolyn S
Grant Deed
$200,000 · Bank Of America
Jul 15, 1997
$139,950
Robert F Runyan
Margaret E Schuldt Estate
Grant Deed
$148,182 · Bank Of Edmonds
—
—
Shohreh Khorsandi
—
Deed Of Trust
related
$193,000 · Bank Of America
—
—
Robert F Runyan
—
Deed Of Trust
related
$185,100 · Bank Of Edmonds
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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