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Property profile & analytics
OFF-MARKET
Estimated value
$23,285,000
Warehouses
9309 Aurora N Ave, Seattle, WA 98103-3214
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0859566
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Construction
CONCRETE
Total area
101,989 SF
Lot
1.02 ac (44,431 SF)
Zoning code
NC3P-75 (M)
APN
153230-0095
UPID
US90-0859566
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
Current use
Occupant on record · Public records
-
SecureSpace Self Storage Seattle Greenwood Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.03M
Comparable Approach
Comparable
$25.63M
Blend (final)
Blend
$23.29M
Owner & transaction history
9309 Aurora Ave N LLC · 2 yrs held
9309 Aurora Ave N LLC
since 2023
Last sale
$22.5M
7 recorded transactions
Zoning & alternative use
NC3P-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$36.2M
+20.1%
Medical building
$35.1M
+16.4%
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 Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle 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
$22,510,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,275,000
6.5%
$15,025,000
7%
$13,950,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$30,130,000
Current use
APARTMENT HOUSE (5+ UNITS)
$36,170,000
Change: +20% · Conversion: Difficult
MEDICAL BUILDING
$35,070,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$23.29M
Range $20.96M – $25.61M · ±10% · vs last sale $22.50M (Nov 3 2023)
Last sale anchor
$22.50M
Nov 3 2023
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
$228 / 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
$234,367
Tax year 2022
Assessed value
$27,834,400
Assessed 2022
Previous assessed
$27,834,400
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$5,109,500
Assessed improvement
$22,724,900
Land market value
$5,109,500
Improvement market value
$22,724,900
Total market value
$27,834,400
Applied tax rate
10.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Construction
CONCRETE
Heating
ELECTRIC
Stories
4
Units
1291
Total area
101,989 SF
Lot
1.02 ac (44,431 SF)
Zoning code
NC3P-75 (M)
APN
153230-0095
UPID
US90-0859566
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3P-75 (M) · Seattle, WA
Zoning NC3P-75 (M) · permitted uses
NC3P-75 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$30.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$36.2M
MEDICAL BUILDING
Est. value
$35.1M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2018
Construction
CONCRETE
Heating
ELECTRIC
Stories
4
Units
1291
Lot
1.02 ac
Current owner
From public records · entity-resolved
9309 Aurora Ave N LLC
Entity
Ownership since
2023
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
Jan 28, 2026
—
9309 Aurora Ave N LLC
—
Deed
related
—
Nov 3, 2023
$22,500,000
9309 Aurora Ave N LLC
Greenlake Self Storage LLC
Bargain And Sale Deed
—
Oct 13, 2017
—
Greenlake Self Storage LLC
—
Grant Deed
related
$18,300,000 · Orix Re Holdings LLC
Mar 7, 2017
—
9320 Linden Ave Associates LLC
Greenlake Self Storage LLC
Quitclaim Deed
related
—
Feb 3, 2017
—
Clarke Legacy Corp
Greenlake Self Storage LLC
Quitclaim Deed
related
—
Jul 6, 2016
$1,500,000
Greenlake Self Storage LLC
J & C Investments LLC
Warranty Deed
—
Jul 6, 2016
$2,200,000
Greenlake Self Storage LLC
S & Mk Klose-in LLC
Warranty Deed
—
Mar 7, 2000
—
J & C Investments LLC
Conley,clayton R & Kathryn S
Grant Deed
related
—
Mar 6, 2000
—
Clayton R Conley
Conley,christine
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.
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