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    5617 Rainier Ave S Seattle, WA 98118

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    For Sale
    $5,200,000

    Stunning brick building with high traffic and visibility.

    Property size:
    8,401 SF

    Property Features for 5617 Rainier Ave S

    General Information

    Standard status
    Active
    Size
    8,401 SF

    Building Details

    Year built
    1907

    Source: COMPASS WASHINGTON Agent CAROL PEOPLES-PROCTER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Keefe Building in Hillman City

    The Keefe Building is located in Hillman City and features a brick exterior. The property has over 60 feet of frontage and benefits from high traffic and visibility. The upstairs and downstairs are currently leased to two nonprofits through 2027. The property has three separate entrances on Rainier Ave S. The location provides access to light rail and public transportation. The property size is 8401 square feet.
    Location Intelligence

    Current Use by Public Records

    Seedarts Studios Art Studio Psychic Satellite Psychic Make Look Good Sign Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.2780756
    Latitude
    47.5513848

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    FAQs

    What type of property is this?
    Office building - Stunning brick building with high traffic and visibility.
    Where is this office building located?
    The property is located at 5617 Rainier Ave S Seattle, WA.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: - Leased to two nonprofits through 2027, providing immediate income.; - Prime location with easy access to light rail and public transportation.; - High traffic and visibility due to 60+ feet of frontage on Rainier Ave S.
    Request Owner's contact information
    5617 Rainier Ave S Seattle, WA 98118
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    Seattle, WA 98118
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    Realmo Value Estimation

    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.

    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.

    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
    5617 Rainier Ave S Seattle, WA 98118
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