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Property profile & analytics
FOR LEASE
Office buildings
1130 Rainier Ave S, Seattle, WA 98144
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1136171
For Lease
$9,990,000
1130 Rainier Ave S, Seattle, WA 98144
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1914
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
62,220 SF
Lot
0.59 ac (25,545 SF)
Zoning code
NC3-75 (M1)
APN
713230-0370
UPID
US90-1136171
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
-
Northwest Dairy Association Association / Organization Dairy Farm
-
Gray & Osborne, Inc. Engineering Consultant
-
No1 Seattle Plumbing Services Plumbing Service General Contractor
-
Streampipe Factory Metal Fabrication Plant
-
Black Manufacturing Building Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.99M
Owner & transaction history
1130 Rainier Mezz LLC · 3 yrs held
1130 Rainier Mezz LLC
since 2022
7 recorded transactions
Zoning & alternative use
NC3-75 (M1) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$161 / 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
$128,599
Tax year 2022
Assessed value
$15,340,500
Assessed 2022
Previous assessed
$15,340,500
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$5,109,400
Assessed improvement
$10,231,100
Land market value
$5,109,400
Improvement market value
$10,231,100
Total market value
$15,340,500
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1914
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
62,220 SF
Lot
0.59 ac (25,545 SF)
Zoning code
NC3-75 (M1)
APN
713230-0370
UPID
US90-1136171
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-75 (M1) · Seattle, WA
Zoning NC3-75 (M1) · permitted uses
NC3-75 (M1) · 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.
Building & site characteristics
From public records
Year built
1914
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GAS
Cooling
Yes
Stories
2
Buildings
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
1130 Rainier Mezz LLC
Entity
Ownership since
2022
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
Dec 22, 2022
—
1130 Rainier Properties LLC
—
Deed
related
$89,680,000 · Cmtg Funding I LLC
Oct 28, 2022
—
1130 Rainier Mezz LLC
1130 Rainier Qozb LLC
Intrafamily Transfer
related
—
Jul 27, 2021
—
City Of Seattle
1130 Rainier Qozb LLC
Deed
—
Feb 25, 2020
$26,750,000
1130 Rainier Qozb LLC
1130dg LLC
Warranty Deed
—
Mar 9, 2007
—
1130dg LLC
1130 Rainier LLC
Quit Claim Deed
—
Dec 10, 2001
—
1130 Rainier LLC
Manus Building
Quit Claim Deed
related
—
Jan 4, 1999
$4,750,000
Cvk Partnership
Bush Street Associates
Grant Deed
—
—
—
1130dg LLC
—
Deed Of Trust
related
$10,200,000 · Key Bank NA
—
—
1130 Rainier LLC
—
Deed Of Trust
related
$5,200,000 · Sterling Savings Bank
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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