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Property profile & analytics
OFF-MARKET
Estimated value
$3,775,000
Commercial real estate
5101 Rainier S Ave, Seattle, WA 98118-1928
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-1457282
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,985 SF
Lot
0.76 ac (32,906 SF)
Zoning code
NC2-75 (M)
APN
564960-0370
UPID
US90-1457282
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
-
Tina Hair & Nails Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.11M
Comparable Approach
Comparable
$4.81M
Blend (final)
Blend
$3.78M
Owner & transaction history
Rainier5101 LLC · 9 yrs held
Rainier5101 LLC
since 2016
6 recorded transactions
Zoning & alternative use
NC2-75 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.3M
+69.3%
Auto repair, garage
$4.9M
+32.8%
Retail stores
$4.8M
+29.4%
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%
$3,370,000
6.5%
$3,110,000
7%
$2,890,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,715,000
Current use
RESTAURANT
$6,290,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,930,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$4,805,000
Change: +29% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,250,000
Change: +14% · Conversion: Moderate
OFFICE BUILDING
$4,235,000
Change: +14% · Conversion: Easy
MEDICAL BUILDING
$4,120,000
Change: +11% · Conversion: Easy
WAREHOUSE, STORAGE
$3,540,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$3.78M
Range $3.40M – $4.15M · ±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
$315 / 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
$51,638
Tax year 2022
Assessed value
$5,595,000
Assessed 2022
Previous assessed
$5,595,000
+0.0% YoY
Effective rate
0.92%
On assessed value
Assessed land
$5,594,000
Assessed improvement
$1,000
Land market value
$5,594,000
Improvement market value
$1,000
Total market value
$5,595,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
11,985 SF
Lot
0.76 ac (32,906 SF)
Zoning code
NC2-75 (M)
APN
564960-0370
UPID
US90-1457282
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2-75 (M) · Seattle, WA
Zoning NC2-75 (M) · permitted uses
NC2-75 (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
COMMERCIAL (GENERAL) Current
Est. value
$3.7M
RESTAURANT
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RETAIL STORES
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$3.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
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
1940
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Rainier5101 LLC
Entity
Mailing address
5041 RAINIER AVE S, SEATTLE, WA 98118-1946
Ownership since
2016
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
Jun 16, 2025
—
T La He
—
Deed
related
$165,000 · Briney Real Estate Loans
Aug 31, 2016
—
Rainier5101 LLC
Hue Tan Le
Quit Claim Deed
related
$1,500,000 · Bofi Federal Bank
Oct 25, 1995
$320,000
Hue T Nguyen
Property Development Assoc
Grant Deed
$230,000 · First Mutual Savings Bank
—
—
Hue T Le
—
Deed Of Trust
related
$165,000 · Briney Real Estate Loans
—
—
Hue T Le
—
Deed Of Trust
related
$100,000 · Monica Trinh
—
—
Hue T Lee
—
Deed Of Trust
related
$600,000 · Interbay Funding LLC
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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