Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8630 Rainier Ave S Seattle, WA 98118

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,375,000

    Multifamily property in walkable Rainier Beach neighborhood, Seattle.

    Property size:
    16,480 SF

    Property Features for 8630 Rainier Ave S

    General Information

    Standard status
    Active
    Size
    16,480 SF

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Dan Swanson
    Source: Corcoran

    Listing Agent: Dan Swanson

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

    Learn more

    Property Insight Report

    Overview

    Rainier Beach Multifamily Investment Opportunity

    Located in Rainier Beach, this multifamily property is across the street from the Rainier Beach Community Center and pool. It has a walk score of 84, indicating a highly walkable area. The property is a 4-minute walk from the Rainier Beach Playfield and a 7-minute walk from the new Rainier Beach High School. Recreational spaces such as Be'er Sheva Park, Pritchard Island Beach, and Lake Washington are within a half mile. A variety of restaurants are located within three quarters of a mile. A Rite Aid, Safeway, and a new Starbucks (opening in 2025) are within an 8-minute walk to the south. Boeing Field is a 10-minute drive away. Bus stops for two routes are within a couple hundred feet, providing service to Capitol Hill. The property has a size of 16480 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Beach Court Apartments Apartment Building

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.2695864
    Latitude
    47.5253823

    Nearby Similar for Sale

    • $1,095,000
      2,630 SF

      Queen Anne Vacant Triplex

      Classic triplex in desirable Queen Anne neighborhood, delivered fully vacant.
      605 W Emerson St, Seattle, WA 98119
      View Details
    • $1,295,000
      4,150 SF

      Greenwood Multifamily Investment Opportunity

      Well-maintained six-unit apartment building in a desirable Seattle neighborhood.
      719 N 85Th St, Seattle, WA 98103
      View Details
    • $2,000,000
      6,534 SF

      Beacon Hill Apartment Community

      Nine-unit apartment community in Seattle's Beacon Hill neighborhood.
      1746 S Hanford St, Seattle, WA 98144
      View Details
    • $3,495,000
      15,117 SF

      Mixed-Use Building Near Light Rail

      Mixed-use building with value-add potential near Mt. Baker.
      3208 Rainier Ave S, Seattle, WA 98144
      View Details
    • $3,800,000

      Belltown Multifamily/Hotel Redevelopment Opportunity

      Value-add investment near Pike Place Market with high-rise redevelopment potential.
      2200-2204 1St Ave, Seattle, WA 98109
      View Details
    • $3,800,000
      8,330 SF

      Belltown Multifamily/Hotel Redevelopment Opportunity

      Value-add investment near Pike Place Market with redevelopment potential.
      2200 1St Ave, Seattle, WA 98121
      View Details
    • $1,700,000
      1,722 SF

      Prime Ballard Avenue Corner Restaurant

      Fully leased restaurant property in Seattle's Ballard neighborhood.
      5239 Ballard Ave NW, Seattle, WA 98107
      View Details
    • Contact for pricing
      9,630 SF

      Magnolia Village Retail & Office

      Retail and loft-style office spaces in desirable Magnolia Village.
      3410 West Mcgraw St, Seattle, WA 98199
      View Details
    • $2,799,000
      14,291 SF

      Mixed-Use Building in Broadview

      14,291 SF mixed-use building with rental upside.
      14401-14409 Greenwood Ave N, Seattle, WA 98103
      View Details
    • $685,000
      1,600 SF

      Leased Retail Building in Burien

      Fully leased 1,600 SF retail building with USPS anchor.
      2116 SW 152Nd St, Seattle, WA 98166
      View Details
    • Contact for pricing
      4,620 SF

      Seattle Retail Restaurant Building For Sale

      Fully equipped commercial property in Seattle's Rainier Valley.
      3427 Rainier Ave S, Seattle, WA 98057
      View Details
    • $1,150,000

      High-Visibility Seattle Office Property

      Adaptable office building with high traffic exposure and recent upgrades.
      13045 Lake City Way NE, Seattle, WA 98115
      View Details

    FAQs

    What type of property is this?
    Apartment building - Multifamily property in walkable Rainier Beach neighborhood, Seattle.
    Where is this apartment building located?
    The property is located at 8630 Rainier Ave S Seattle, WA.
    What is the asking price?
    The asking price for this property is $4,375,000.
    What are key features of this property?
    This property features: - Very Walkable location with a high walk score of 84.; - Close to Rainier Beach Community Center and pool.; - Near multiple recreational spaces including parks, beaches, and Lake Washington.
    Request Owner's contact information
    8630 Rainier Ave S Seattle, WA 98118
    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.
    8630 Rainier Ave S
    Seattle, WA 98118
    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
    8630 Rainier Ave S Seattle, WA 98118
    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

    We can help!
    Listing Contact
    Dan Swanson
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.