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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Investment properties
11537 Rainier S Ave Seattle, WA 98178-3984
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-1617414
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1925
Construction
WOOD
Total area
4,030 SF
Lot
0.09 ac (3,815 SF)
Zoning code
NBP
APN
413680-0140
UPID
US90-1617414
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
-
Clutch Cannabis (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$820k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$595k
Owner & transaction history
Cedar Baker LLC · 11 yrs held
Cedar Baker LLC
since 2015
6 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$885,000
6.5%
$820,000
7%
$760,000
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$148 / 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
$8,492
Tax year 2022
Assessed value
$783,000
Assessed 2022
Previous assessed
$783,000
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$137,300
Assessed improvement
$645,700
Land market value
$137,300
Improvement market value
$645,700
Total market value
$783,000
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
Off-Market
Year built
1925
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Stories
2
Total area
4,030 SF
Lot
0.09 ac (3,815 SF)
Zoning code
NBP
APN
413680-0140
UPID
US90-1617414
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
1925
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Cedar Baker LLC
Entity
Mailing address
4111 E MADISON ST #78, SEATTLE, WA 98112-3241
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Feb 26, 2015
$600,000
Cedar Baker LLC
Lim Wing P
Warranty Deed
$500,000 · Wing P Lim
May 27, 1994
$187,500
Wing P Lim
Boyd Real Estate
Grant Deed
—
Oct 8, 1993
—
Boyd Real Estate Inv INC
Robert Steinberg
Quit Claim Deed
related
—
Sep 9, 1988
$100,000
T & R Property Management I
First Mutual Sav
Grant Deed
$122,000 · First Mutual Savings Bank
—
—
Wing P Lim
—
Deed Of Trust
related
$90,000 · Key Bank NA
—
—
Wing P Lim
—
Deed Of Trust
related
$141,635 · Key Bank NA
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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