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Property profile & analytics
FOR SALE
Investment properties
11427 Rainier Ave S Seattle, WA 98178
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1253399
For Sale
$2,095,000
11427 Rainier Ave S, Seattle, WA 98178
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1946
Construction
WOOD
Total area
6,440 SF
Lot
0.13 ac (5,700 SF)
Zoning code
NBP
APN
037200-0115
UPID
US90-1253399
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
-
AISLE 4OUR (Bike/Boat/Book/etc) Store Photography Service
-
Reiki And Wellness LLC Alternative Medicine Practice
-
El Vortex Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
11427 Rainier LLC · 7 yrs held
11427 Rainier LLC
since 2018
7 recorded transactions
Zoning & alternative use
NBP · 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
$132 / 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
$11,899
Tax year 2022
Assessed value
$1,094,000
Assessed 2022
Previous assessed
$1,094,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$142,500
Assessed improvement
$951,500
Land market value
$142,500
Improvement market value
$951,500
Total market value
$1,094,000
Applied tax rate
4,205.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1946
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Stories
2
Total area
6,440 SF
Lot
0.13 ac (5,700 SF)
Zoning code
NBP
APN
037200-0115
UPID
US90-1253399
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NBP · Seattle, WA
Zoning NBP · permitted uses
NBP · 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
1946
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
11427 Rainier LLC
Entity
Mailing address
1807 17TH AVE S, SEATTLE, WA 98144-4307
Ownership since
2018
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 2, 2020
—
11427 Rainier LLC
—
Deed
related
$950,000 · Sound Cmnty Bk
Oct 30, 2018
$1,010,000
11427 Rainier LLC
Priscilla E Shambaugh
Warranty Deed
$950,000 · Sound Community Bank
Jul 20, 2010
—
Shambaugh R E & P Living Trust
Shambaugh,priscilla E
Quit Claim Deed
related
—
Jul 8, 2003
—
Richard E Shambaugh
—
Trustees Deed
related
$145,500 · Cascade Bank
—
—
Richard E Shambaugh
—
Deed Of Trust
related
$80,000 · Meyers Trust
—
—
Richard E Shambaugh
—
Deed Of Trust
related
$18,000 · Individual
—
—
Richard E Shambaugh
—
Deed Of Trust
related
$145,000 · Meyers Trust
—
—
11427 Rainier LLC
—
Loan Modification
related
$950,000 · Sound Cmnty Bk
—
—
Richard E Shambaugh
—
Deed Of Trust
related
$42,000 · Individual
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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