New search
Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Office buildings
1130 Rainier S Ave, Seattle, WA 98144-2842
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1216975
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Construction
WOOD FRAME
Total area
3,264 SF
Lot
0.89 ac (38,630 SF)
Zoning code
NC3-75 (M1)
APN
713230-0435
UPID
US90-1216975
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
$940k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
1130 Rainier Mezz LLC · 3 yrs held
1130 Rainier Mezz LLC
since 2022
6 recorded transactions
Zoning & alternative use
NC3-75 (M1) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+16.4%
Retail stores
$1.3M
+13.5%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$940,000
7%
$875,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,155,000
Current use
AUTO REPAIR, GARAGE
$1,345,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,310,000
Change: +13% · Conversion: Moderate
MEDICAL BUILDING
$1,120,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$965,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$260 / 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
$20,021
Tax year 2022
Assessed value
$1,568,000
Assessed 2022
Previous assessed
$1,568,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,568,000
Land market value
$1,568,000
Total market value
$1,568,000
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
Off-Market
Year built
1964
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Total area
3,264 SF
Lot
0.89 ac (38,630 SF)
Zoning code
NC3-75 (M1)
APN
713230-0435
UPID
US90-1216975
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$965,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
1130 Rainier Mezz LLC
Entity
Free & Clear · 3 yrs held
Mailing address
159 S JACKSON ST STE 300TH SEATTLE
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
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
$1,500,000
1130 Rainier Qozb LLC
1130 Rainier LLC
Warranty Deed
—
Dec 10, 2001
—
1130 Rainier LLC
Manus Building
Quit Claim Deed
related
—
Sep 29, 2000
$480,000
Cvk Partnership
Rainier Dearborn Associates
Grant Deed
—
—
—
Rainier Dearborn Associates
—
Deed Of Trust
related
$150,000 · Enterprise Bank Of Bellevue
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1130 Rainier S Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
