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Property profile & analytics
OFF-MARKET
Estimated value
$37,745,000
Outlet malls
2700 Rainier S Ave Seattle, WA 98144-5333
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1088494
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
291,940 SF
Lot
9.08 ac (395,555 SF)
Zoning code
SM-NR 145 (M)
APN
000360-0052
UPID
US90-1088494
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
-
Historic Site of Sick's Stadium Tour Operator
-
lowes Garage Door Opener Installation Building Supply General Contractor
-
Lowe's ProServices Building Supply Industrial Manufacturer
-
Primo Water Exchange Big Box & Wholesale Store
-
Lowe's Garden Center Garden 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
$37.75M
Owner & transaction history
Rainier Electronics Park 2700 LLC · 1 yrs held
Rainier Electronics Park 2700 LLC
since 2025
4 recorded transactions
Zoning & alternative use
SM-NR 145 (M) · Seattle, WA
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
$129 / 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
$496,017
Tax year 2022
Assessed value
$53,400,900
Assessed 2022
Previous assessed
$53,400,900
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$53,399,900
Assessed improvement
$1,000
Land market value
$53,399,900
Improvement market value
$1,000
Total market value
$53,400,900
Applied tax rate
13.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Buildings
2
Stories
2
Total area
291,940 SF
Lot
9.08 ac (395,555 SF)
Zoning code
SM-NR 145 (M)
APN
000360-0052
UPID
US90-1088494
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
SM-NR 145 (M) · Seattle, WAZoning SM-NR 145 (M) · permitted uses
SM-NR 145 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Municipal Code
Building & site characteristics
From public records
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Stories
2
Buildings
2
Lot
9.08 ac
Current owner
From public records · entity-resolved
Rainier Electronics Park 2700 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1200 5TH AVE STE #1925, SEATTLE, WA 98101-1127
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2025
—
Rainier Electronics Park 2700 LLC
Rainier Electronics Park LLC
Quitclaim Deed
related
—
Mar 7, 2008
—
Rainier Electronis LLC
Rainier Electronics Pk
Quit Claim Deed
related
—
—
—
Rainier Electronics Park
—
Deed Of Trust
related
$900,000 · Barbara J Alsdorf
—
—
Rainier Electronics Park
—
Deed Of Trust
related
$900,000 · Rainier Northwest Dev Corp
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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