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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Office buildings
317 148th St, Shoreline, WA 98133-6406
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-1557969
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
WOOD
Total area
5,542 SF
Lot
0.18 ac (7,915 SF)
Zoning code
NB
APN
182604-9189
UPID
US90-1557969
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$775k
Owner & transaction history
Cjp Investments LLC · 8 yrs held
Cjp Investments LLC
since 2018
7 recorded transactions
Zoning & alternative use
NB · Shoreline, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$140 / 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
$10,478
Tax year 2022
Assessed value
$857,400
Assessed 2022
Previous assessed
$857,400
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$435,300
Assessed improvement
$422,100
Land market value
$435,300
Improvement market value
$422,100
Total market value
$857,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
5,542 SF
Lot
0.18 ac (7,915 SF)
Zoning code
NB
APN
182604-9189
UPID
US90-1557969
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NB · Shoreline, WA
Zoning NB · permitted uses
NB · 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.
Building & site characteristics
From public records
Year built
1985
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Cjp Investments LLC
Entity
Free & Clear · 8 yrs held
Mailing address
317 N 148TH ST, SHORELINE, WA 98133-6406
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Mar 30, 2022
—
Cjp Investments LLC
—
Deed
related
$1,000,000 · Kitsap Bank
Jun 19, 2018
—
Cjp Investments LLC
148th Street Properties LLC
Grant Deed
—
Jun 23, 2017
$988,000
Cjp Investments LLC
148th Street Properties LLC
Warranty Deed
$800,000 · Bank Of America
May 24, 2013
—
148th Street Properties LLC
Denholme Properties II LLC
Quit Claim Deed
related
—
Jul 22, 2009
—
Mary E Amonson
Amonson,mary E
Quit Claim Deed
related
—
Jul 9, 2004
—
Mary E Amonson
Frogberg,tr
Quit Claim Deed
related
—
Mar 14, 2003
—
Denholme Properties II LLC
Denholme Family LP
Quit Claim Deed
related
—
Mar 24, 1995
$28,964
Anne F Eddy
Denholme,alexander E & Delores N
Grant Deed
—
Jan 4, 1994
$25,000
Alex E Denholme
Mohr,gary O
Quit Claim Deed
related
—
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.
Try Rey
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