Rainier Beach Investment
For Sale
$650,000
9432 Rainier Avenue S, Seattle, WA 98118
High-traffic location suitable for various businesses with included dry cleaning.
Property Size1,200 SF
Price / SF$541.67
Days on Market76
Property Features for 9432 Rainier Avenue S
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Building Details
Year Built
1956
Listing Agency:
JOHN L. SCOTT, INC.
(425) 392-1211
Listed By:
HENRY UNG
Source:
Corcoran
Added: May 16
Changed: Jul 10
Last Checked: Jul 29 at 9:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JOHN L. SCOTT, INC.
Investment Insights
Based on property information with market context.
This investment property is located in a high-traffic area of Rainier Beach. The property includes a dry cleaning business, its equipment, and the real estate building. The main floor spans 1,200 square feet, with an additional 1,200-square-foot unfinished basement. Zoned NC240, the property offers potential for various business uses. Approximately 5 exterior parking spots are available. The location is near bus lines and light rail.
Key Highlights
- High‑traffic location in Rainier Beach suitable for various businesses
- Sale includes existing dry cleaning business, equipment, and real estate
- NC240 zoning offers exceptional value and potential
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.3k | $33.60 |
| − Vacancy | −$1.2k | −$1.01 |
| EGI | $39.1k | $32.59 |
| − OpEx | −$11.7k | −$9.78 |
| NOI | $27.4k | $22.81 |
1,200 SF · lease $33.60/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$391.1K
$342.2K – $456.3K
NOI $27,377 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$431.8K
$377.8K – $503.7K
NOI $30,224 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
604
Businesses Nearby
84k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 50%
Shops & Services 28%
Dining 22%
Safeway
Groceries
39,333 visits/mo
0.2 miles
Dollar Tree
Shops & Services
16,944 visits/mo
0.3 miles
McDonald's
Dining
16,181 visits/mo
0.1 miles
AutoZone
Shops & Services
6,643 visits/mo
0.1 miles
State Liquor Store
Groceries
2,883 visits/mo
0.2 miles
Demographics for 98118, WA
47,504
Population
19,831
Households
2.4
Avg Household Size
38
Median Age
49%
College-Educated
90%
High-School Grad
6.2 sq mi
ZIP Area
7,662
Density / Sq Mi
$109,085
Median Household Income
$54,827
Median Earnings
$1,831
Median Rent
$746,400
Median Home Value
Market
Vacancy Rate% for Retail in Seattle, WA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- FlorerÃa yancris — 9428 Rainier Ave S, Seattle, WA 98118
- VIKA’S FLOWERS — 9640 Martin Luther King Jr Way S, Seattle, WA 98118
Frequently Asked Questions
What type of property is this?
Storefront property - High-traffic location suitable for various businesses with included dry cleaning.
Where is this storefront property located?
The property is located at 9432 Rainier Avenue S Seattle, WA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: High‑traffic location in Rainier Beach suitable for various businesses; Sale includes existing dry cleaning business, equipment, and real estate; NC240 zoning offers exceptional value and potential
