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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Residential income homes
4529 Rainier Ave Sa, Seattle, WA 98118-1656
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1258286
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
2015
Construction
WOOD
Total area
2,615 SF
Lot
0.03 ac (1,465 SF)
Zoning code
NC2-55 (M)
APN
170990-0050
UPID
US90-1258286
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$725k
Blend (final)
Blend
$665k
Owner & transaction history
Trong Tony Trinh · 5 yrs held
Trong Tony Trinh
since 2020
Last sale
$674,000
7 recorded transactions
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+16.0%
Retail stores
$1.1M
+13.1%
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
$655,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$560,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$925,000
Current use
AUTO REPAIR, GARAGE
$1,075,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,050,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$925,000
Change: 0% · Conversion: Moderate
MEDICAL BUILDING
$900,000
Change: -3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$810,000
Change: -13% · Conversion: Moderate
WAREHOUSE, STORAGE
$770,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $674k (Dec 14 2020)
Last sale anchor
$674k
Dec 14 2020
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
$254 / 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
$6,520
Tax year 2022
Assessed value
$785,600
Assessed 2022
Previous assessed
$785,600
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$190,400
Assessed improvement
$595,200
Land market value
$190,400
Improvement market value
$595,200
Total market value
$785,600
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
2015
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
4
Total area
2,615 SF
Lot
0.03 ac (1,465 SF)
Zoning code
NC2-55 (M)
APN
170990-0050
UPID
US90-1258286
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Zoning NC2-55 (M) · permitted uses
NC2-55 (M) · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$925,000
MEDICAL BUILDING
Est. value
$900,000
COMMERCIAL (GENERAL)
Est. value
$810,000
WAREHOUSE, STORAGE
Est. value
$770,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2015
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
4
Lot
0.03 ac
Current owner
From public records · entity-resolved
Trong Tony Trinh
Individual
Mailing address
4529 RAINIER AVE SA, SEATTLE, WA 98118-1656
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2020
—
Trong Tony Trinh
Trong Tony Trinh
Intrafamily Transfer
related
$559,000 · Das Acquisition
Jun 15, 2020
—
Harold B Ringeisen
—
Deed
related
$510,400 · Das Acquisition
Mar 20, 2019
—
4531a Rainier Five LLC
Maschmedt,anthony A
Quit Claim Deed
related
—
Jul 26, 2016
—
Anthony A Maschmedt
Dwell Dev LLC
Quit Claim Deed
related
$358,500 · First Sec Bk/wa
Jun 17, 2016
—
Harold Blake Ringeisen
—
Deed
related
$7,042,160 · Homestreet Bank
Jun 10, 2016
$674,000
Trong Tony Trinh
Dwell Development LLC
Warranty Deed
$606,600 · Umpqua Bank
Jan 7, 2016
—
City Of Seattle
Dwell Dev LLC
Grant Deed
related
—
Mar 4, 2015
—
Dwell Dev LLC
Maschmedt Anthony A
Quit Claim Deed
related
$1,768,000 · First Sec Bk/wa
Oct 31, 2013
$310,000
Anthony A Maschmedt
Nguyen,trung T P
Warranty Deed
$232,500 · First Security Bank Washington
Aug 26, 2003
—
Tru T Nguyen
Nguyen,tru T & Tan T
Quit Claim Deed
related
—
Apr 29, 1998
$134,000
Trun T Nguyen
Koller,donna J
Grant Deed
$109,344 · Amresco Residential Mtg Corp
—
—
Truc T Nguyen
—
Deed Of Trust
related
$105,000 · Escrow First Services
—
—
Truc T Nguyen
—
Deed Of Trust
related
$245,000 · Interbay Funding LLC
—
—
Harold B Ringeisen
—
Deed Of Trust
related
$510,400 · Das Acquisition
—
—
Donna J Keller
—
Deed Of Trust
related
$40,000 · Rainier National Bank
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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