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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Medical Office Space
355 Richmond Bch Rd Shoreline, WA 98177-3101
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1285813
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1963
Construction
WOOD
Total area
13,199 SF
Lot
1.26 ac (54,825 SF)
Zoning code
NB
APN
012603-9457
UPID
US90-1285813
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
$1.82M
Owner & transaction history
City Of Shoreline · 4 yrs held
City Of Shoreline
since 2021
5 recorded transactions
Zoning & alternative use
NB · Shoreline, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the neighborhood business NB zone is to allow for low intensity office, business and service uses located on or with convenient access to arterial streets. In addition these zones serve to accommodate medium and higher density residential, townhouses, and mixed use types of development, while serving as a buffer between higher intensity uses a…
Zone name
Neighborhood Business
General category
MIXED_USE
Zone area
24.72 ac
Source
Realmo
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
$138 / 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
$35,990
Tax year 2022
Assessed value
$2,841,800
Assessed 2022
Previous assessed
$2,841,800
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,918,800
Assessed improvement
$923,000
Land market value
$1,918,800
Improvement market value
$923,000
Total market value
$2,841,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
13,199 SF
Lot
1.26 ac (54,825 SF)
Zoning code
NB
APN
012603-9457
UPID
US90-1285813
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NB · Shoreline, WAZoning NB · permitted uses
NB · Shoreline, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the neighborhood business NB zone is to allow for low intensity office, business and service uses located on or with convenient access to arterial streets. In addition these zones serve to accommodate medium and higher density residential, townhouses, and mixed use types of development, while serving as a buffer between higher intensity uses and residential zones
Zone name
Neighborhood Business
General category
MIXED_USE
Zone area
24.72 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1963
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
City Of Shoreline
Entity
Free & Clear · 4 yrs held
Mailing address
1019 PACIFIC AVE, EVERETT, WA 98201-4148
Ownership since
2021
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
Mar 31, 2026
—
Puget Sound Kidney Centers
—
Deed
related
$2,500,000 · Dialysis Clinic INC
Dec 13, 2021
—
City Of Shoreline
Puget Sound Kidney Centers
Deed
—
Jun 29, 2018
$3,100,000
Puget Sound Kidney Centers
Richmond Building LLC
Grant Deed
—
Feb 6, 2014
—
Richmond Building LLC
Richmond Building Ptshp
Quit Claim Deed
related
$525,000 · Commerce Bk/wa
Apr 17, 1991
$214,500
Richmond Building Ps
Wahl,harley C&me
Quit Claim Deed
related
$208,100 · Seller
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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