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    Property profile & analytics

    5500 Rainier S Ave Seattle, WA 98118-2441

    • Investment properties
    • 4,419 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $1,275,000
    Last Sale
    May 17, 2024
    $1,275,000
    Location Intelligence
    Property ID
    US90-1297498
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Seattle Home Buyer / Real Estate Agency
    • Vel Dyke Realty Inc / Real Estate Agency
    • Columbia Modern Living / Property Management Company
    • Cheryl Webber, VelDyke Realty Inc. / Real Estate Agent

    Property Details for 5500 Rainier S Ave

    Year built
    1962
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    4,419 SF
    Zone code
    NC2-55 (M)
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    333050-0720
    APU
    3330500720

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,405,000
      6.5%
      $1,155,000
      7%
      $1,385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,455,000
      Geo Method
      $1,225,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,375,000
      Retail
      $1,165,000
      Mixed-Use
      $1,100,000
      Hospitality
      $1,475,000
      Educational
      $1,185,000
      Residential Income
      $1,075,000
      Energy
      $1,165,000
      Income-Based Land
      $1,290,000
      Food Service
      $1,260,000

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.278
    Latitude
    47.5525
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,388
    $635,000
    $261,400
    $896,400
    -
    $635,000
    $261,400
    $896,400

    Comparable in this City

    • Value Estimation
      $315,000
      1,460 SF

      3709 Ferdinand St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,460 SF
      3709 Ferdinand St, Seattle, WA 98118-1735
      View Details
    • Value Estimation
      $575,000
      2,496 SF

      5315 Martin Luther King Jr S Way

      OFFICE/RESIDENTIAL (MIXED USE) • 2,496 SF
      5315 Martin Luther King Jr S Way, Seattle, WA 98118-6133
      View Details
    • Value Estimation by Request
      3,120 SF

      5263 Rainier S Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,120 SF
      5263 Rainier S Ave, Seattle, WA 98118-6103
      View Details
    • Value Estimation by Request
      5,500 SF

      5308 Martin Luther King Jr S Way

      OFFICE/RESIDENTIAL (MIXED USE) • 5,500 SF
      5308 Martin Luther King Jr S Way, Seattle, WA 98118-6307
      View Details
    • Value Estimation by Request
      6,569 SF

      5209 Martin Luther King Jr S Way

      OFFICE/RESIDENTIAL (MIXED USE) • 6,569 SF
      5209 Martin Luther King Jr S Way, Seattle, WA 98118-6143
      View Details
    • Value Estimation
      $2,775,000
      12,145 SF

      3803 Edmunds St

      OFFICE/RESIDENTIAL (MIXED USE) • 12,145 SF
      3803 Edmunds St, Seattle, WA 98118-2222
      View Details

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    Seattle, WA 98118-2441
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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