Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8702 Aurora N Ave Seattle, WA 98103-3916
    Back to Search
    Property profile & analytics

    8702 Aurora N Ave, Seattle, WA 98103-3916

    View on Map
    • Outlet malls
    • 7,565 SF
    • 0.22 lot acres
    Off-Market
    Property ID
    US90-1036365
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,450,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Seattle Fabrics / (Bike/Boat/Book/etc) Store
    • Admiral / (Bike/Boat/Book/etc) Store

    Property Details for 8702 Aurora N Ave

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.22 lot acres
    Zone code
    NC3P-75 (M)
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    099300-1735
    APU
    993001735

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 22, 2016 — Marianne F Goff Fattorini Mary F Trust Quit Claim Deed · related —
    Jul 7, 2005 — Christianson LLC Christianson,kenneth R & Karen M Quit Claim Deed · related —
    May 20, 1996 $240,000 Kenneth R Christianson Hulit,walter J Grant Deed $240k · Washington Mutual Fsb
    Jun 13, 1991 $160,000 Walter J Hulit Grindall,denny G Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.344
    Latitude
    47.6922
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $13,108
    $1,235,000
    $157,000
    $1,392,000
    -
    $1,235,000
    $157,000
    $1,392,000

    Comparable in this City

    • Value Estimation
      $1,140,000
      4,310 SF

      8300 Aurora N Ave

      WHOLESALE OUTLET, DISCOUNT STORE
      8300 Aurora N Ave, Seattle, WA 98103-4356
      View Details
    • Value Estimation by Request
      0.21 Acres

      162 35th St

      PARKING LOT
      162 35th St, Seattle, WA 98103-8606
      View Details
    • Value Estimation by Request
      0.35 Acres

      Seattle, WA 98103

      PARKING LOT
      Seattle, WA 98103
      View Details
    • Value Estimation
      $605,000
      3,910 SF

      8580 Greenwood N Ave

      RESTAURANT
      8580 Greenwood N Ave, Seattle, WA 98103-3614
      View Details
    • Value Estimation by Request
      5,080 SF

      8419 Greenwood N Ave

      RESTAURANT
      8419 Greenwood N Ave, Seattle, WA 98103
      View Details
    • Value Estimation
      $1,905,000
      6,120 SF

      7413 Greenwood N Ave

      RETAIL STORES (PERSONAL SERVICES)
      7413 Greenwood N Ave, Seattle, WA 98103-5043
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,060 SF

      Multifamily Property with Retail Frontage

      Two-story, three-unit multifamily residence with retail frontage.
      7301-7305 Aurora Ave N, Seattle, WA 98103
      View Details
    • Contact for pricing

      Greenwood Mixed-Use Investment Opportunity

      Stabilized mixed-use property in Seattle's Greenwood neighborhood with income potential.
      8212-8218 Greenwood Ave N, Seattle, WA 98103
      View Details
    • Contact for pricing
      1,492 SF

      Street-Front Commercial Condo For Sale

      Move-in ready commercial condo with versatile layout and desirable location.
      9057 Greenwood Ave N, Seattle, WA 98103
      View Details
    • $10,995,000

      Greenlake Pointe Apartments For Sale

      21-unit apartment building with fully occupied retail in Seattle.
      1400 80Th St, Seattle, WA 98103
      View Details
    • $3,490,000
      7,996 SF

      Fully Leased Retail Space in Greenwood

      Fully leased retail space in vibrant Greenwood neighborhood with development potential.
      8562 Greenwood Ave N, Seattle, WA 98103
      View Details
    • $749,000
      3,435 SF

      Wallingford Office/Retail Condo For Sale

      3,435 SF office/retail condo in Wallingford neighborhood.
      4014 Aurora Ave N, Seattle, WA 98103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,535 SF

      Retail Space in Piper Village

      Retail space available in a dynamic North Seattle neighborhood.
      8616 Palatine Ave N, Seattle, WA 98103
      View Details
    • Contact for pricing

      Aurora Avenue Commercial Redevelopment Opportunity

      Redevelopment opportunity with high visibility and strong income potential.
      9528 Aurora Ave North, Seattle, WA 98103
      View Details
    • Contact for pricing
      1,457 SF

      Retail Hub in Greenwood

      Premier retail space in dynamic North Seattle neighborhood.
      8616 Palatine Ave N, Seattle, WA 98103
      View Details
    • $3,050 /Mo
      636 SF

      Office/Retail Space Available For Rent

      Second-generation office/retail space with reception, office, and restroom.
      4427 Wallingford Ave N, Seattle, WA 98103
      View Details
    • $1,956 /Mo
      652 SF

      Fremont Retail Space Available

      652 SF retail space in Seattle's Fremont neighborhood.
      1058 39Th St, Seattle, WA 98103
      View Details
    • Contact for pricing
      2,034 SF

      Wallingford Retail or Office Space

      2,032 SF retail/office space with parking and storage.
      2205 N 45Th St, Seattle, WA 98103
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8702 Aurora N Ave
    Seattle, WA 98103-3916
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8702 Aurora N Ave, Seattle, WA, 98103
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!