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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Retail space
11463 Rainier S Ave Seattle, WA 98178-3963
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1688957
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,606 SF
Lot
0.14 ac (6,250 SF)
Zoning code
NBP
APN
118000-1765
UPID
US90-1688957
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
-
Green Life NW (Bike/Boat/Book/etc) Store
-
FELEG FOOD MART Grocery & Convenience Store Food Market
-
Wise Shield Insurance Co Insurance Agency
-
Bitcoin Depot | Bitcoin ATM Crypto Atm Atm
-
Ounce King Cannabis (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.68M
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.63M
Owner & transaction history
Towncenter Property Management LLC · 4 yrs held
Towncenter Property Management LLC
since 2021
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
NBP · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.3M
+2.6%
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
$1,745,000
ML approach
$1,680,000
CAP Approach
CAP Return
Estimation
6%
$1,395,000
6.5%
$1,285,000
7%
$1,195,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,250,000
Current use
AUTO REPAIR, GARAGE
$2,305,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,990,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$1,980,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$1,930,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±10% · vs last sale $1.89M (Oct 22 2021)
Last sale anchor
$1.89M
Oct 22 2021
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
$290 / 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
$24,246
Tax year 2022
Assessed value
$1,087,700
Assessed 2022
Previous assessed
$1,087,700
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$156,200
Assessed improvement
$931,500
Land market value
$156,200
Improvement market value
$931,500
Total market value
$1,087,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
CENTRAL
Stories
2
Total area
5,606 SF
Lot
0.14 ac (6,250 SF)
Zoning code
NBP
APN
118000-1765
UPID
US90-1688957
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
Yes
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Towncenter Property Management LLC
Entity
Mailing address
PO BOX 3226, LYNNWOOD, WA 98046-3226
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2021
$1,890,000
Towncenter Property Management LLC
Zhi Chang Zhou
Warranty Deed
$945,000 · Zhi Chang Zhou Etal
Oct 22, 2021
—
Zhi Chang Zhou
Qiting Feng
Intrafamily Transfer
related
—
Aug 17, 2021
—
Yilin Chen
Xia Zhang Lu
Quit Claim Deed
related
—
Aug 16, 2021
—
Zhi Chang Zhou
Towncenter Investment LLC
Quit Claim Deed
related
—
Mar 27, 2014
$1,200,000
Towncenter Investment LLC
Fob Investments LLC
Grant Deed
—
Apr 30, 2013
—
Fob Investment LLC
Ung,keene
Quit Claim Deed
related
—
Feb 17, 2000
—
Keene Ung
Ung,wendy
Quit Claim Deed
related
—
Apr 9, 1999
$350,000
Keene Ung
Bowman,robert D
Grant Deed
$60,000 · Bowman Heating Oil
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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