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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Office buildings
20042 19th NE Ave, Shoreline, WA 98155-1211
Entity Owned
6-yr Hold
Property ID
US90-3030567
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1951
Construction
WOOD
Total area
2,688 SF
Lot
0.18 ac (7,962 SF)
Zoning code
CB
APN
741770-0571
UPID
US90-3030567
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
$850k
CAP Approach
CAP
$775k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$795k
Owner & transaction history
Stellar Empire LLC · 6 yrs held
Stellar Empire LLC
since 2020
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
CB · Shoreline, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+16.4%
Retail stores
$1.1M
+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
$805,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$950,000
Current use
AUTO REPAIR, GARAGE
$1,105,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,080,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$925,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$795,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $800k (Jun 2 2020)
Last sale anchor
$800k
Jun 2 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
$296 / 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
$20,142
Tax year 2022
Assessed value
$954,200
Assessed 2022
Previous assessed
$954,200
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$358,200
Assessed improvement
$596,000
Land market value
$358,200
Improvement market value
$596,000
Total market value
$954,200
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
1951
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Bathrooms
1
Total area
2,688 SF
Lot
0.18 ac (7,962 SF)
Zoning code
CB
APN
741770-0571
UPID
US90-3030567
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
$950,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$925,000
WAREHOUSE, STORAGE
Est. value
$795,000
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
1951
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Stellar Empire LLC
Entity
Mailing address
20042 19TH AVE NE, SHORELINE, WA 98155-1211
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2024
—
Stellar Empire LLC
—
Deed
related
$583,000 · Peoples Bank
Jun 2, 2020
$800,000
Stellar Empire LLC
Borromeo Properties LLC
Warranty Deed
$640,000 · Seacoast Commerce Bank
Jan 17, 2008
$650,000
Borromeo Properties LLC
Hyseni,oltion
Warranty Deed
$520,000 · Banner Bank
Aug 24, 2007
$150,000
Marjana Gjylameti
Hyseni,oltion
Quit Claim Deed
related
—
Sep 15, 2006
—
Maqo Gjylameti
Hyseni,oltion
Quit Claim Deed
related
—
May 16, 2006
$333,000
Oltion Hyseni
Daniel Herbert Henry
Warranty Deed
$266,400 · Seattle Pacific Mortgage INC
May 6, 2003
$40,390
Diane M Cagot
Henry,merle M
Quit Claim Deed
related
—
Mar 4, 1993
$100,000
Sally A Lauridsen
Storey,robert
Grant Deed
$93,000 · Windsor Mortgage Corp
Jul 31, 1989
$89,500
Robert Story
Story
Grant Deed
related
—
—
—
Sally A Lauridsen
—
Deed Of Trust
related
$15,000 · Wells Fargo 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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