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    502 Rainier Ave Seattle, WA 98144

    Sponsored
    For Lease
    $22 SF/Yr ($16,181 /Mo)

    Seattle Office/Retail Space: 3 Suites Available

    Lot size:
    8,826 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story, Class B commercial building, located at 502 Rainier Ave S, Seattle, WA 98144, offers three available suites ideal for office or retail use. The building, constructed in 2003, boasts a total of 8,826 square feet, with each suite ranging from 1,058 to 1,121 contiguous square feet. Currently, the entire 8,826 square feet is vacant, presenting a unique opportunity for a single tenant or multiple occupants. Each suite is equipped with its own private bathroom and individual HVAC system, ensuring comfort and privacy. The property sits on a 0.16-acre lot (6,970 square feet) and benefits from a prime location at the corner of Rainier Ave S and King Street, in the South Capitol Hill neighborhood, providing excellent street visibility and exposure. The building is zoned NC2 and includes 14 parking spaces, offering limited free parking for tenants and clients. The building consists of one structure with two stories. This property is perfect for businesses seeking a well-maintained, conveniently located space with excellent visibility in a vibrant Seattle neighborhood. Minimum divisible space is 1,058 square feet.

    Property Features for 502 Rainier Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,826 SF
    Class
    B
    Total Rate
    16181

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 102
    Size
    1,058 SF
    Rate per SF
    $23
    Space
    Suite 206
    Size
    1,123 SF
    Rate per SF
    $22
    Space
    Suite 201
    Size
    1,121 SF
    Rate per SF
    $23

    HighLights

    • Ground floor retail space with restroom.
    • Corner suite featuring four offices, private restroom, and kitchenette. Available December 1, 2022.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ho & Associates Attorney Ekovate Contractor ColumbiaCare Services Seattle ... Non-Profit Organization WaveDivision Holdings, LLC Holding Company Dental Care NW Dentist

    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
    -122.3129361
    Latitude
    47.5981276

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    FAQs

    What type of property is this?
    Office Property / Space - Seattle Office/Retail Space: 3 Suites Available
    Where is this office property / space located?
    The property is located at 502 Rainier Ave Seattle, WA.
    What is the lease rate?
    The lease rate is $22-$23 SF/Yr.
    What are key features of this property?
    This property features: Ground floor retail space with restroom.; Corner suite featuring four offices, private restroom, and kitchenette. Available December 1, 2022.;
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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
    502 Rainier Ave Seattle, WA 98144
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