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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Bars & Pubs
5608 Rainier S Ave Seattle, WA 98118-2443
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0206302
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1921
Construction
WOOD
Total area
3,282 SF
Lot
0.07 ac (3,000 SF)
Zoning code
NC2P-55 (M)
APN
333050-0945
UPID
US90-0206302
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
-
Black & Tan Hall Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.07M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$843k
Blend (final)
Blend
$1.05M
Owner & transaction history
Black And Tan Hall LLC · 5 yrs held
Black And Tan Hall LLC
since 2020
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
NC2P-55 (M) · 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
$1,020,000
ML approach
$1,065,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $1.05M (Dec 16 2020)
Last sale anchor
$1.05M
Dec 16 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
$318 / 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
$6,508
Tax year 2022
Assessed value
$729,700
Assessed 2022
Previous assessed
$729,700
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$390,000
Assessed improvement
$339,700
Land market value
$390,000
Improvement market value
$339,700
Total market value
$729,700
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1921
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
3,282 SF
Lot
0.07 ac (3,000 SF)
Zoning code
NC2P-55 (M)
APN
333050-0945
UPID
US90-0206302
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2P-55 (M) · Seattle, WA
Zoning NC2P-55 (M) · permitted uses
NC2P-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.
Building & site characteristics
From public records
Year built
1921
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Black And Tan Hall LLC
Entity
Mailing address
PO BOX 28907, SEATTLE, WA 98118-8907
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2020
$1,050,000
Black And Tan Hall LLC
Hillman City LLC
Warranty Deed
$1,000 · City Of Seattle
Oct 30, 2015
$600,000
Hillman City LLC
Thuy-minh Properties LLC
Warranty Deed
—
Jul 26, 2012
—
Thuy-minh Properties LLC
Thuy-minh LLC
Quit Claim Deed
related
—
Dec 18, 2001
$140,000
Thuy-minh LLC
Bui,tan P & Uyen N
Grant Deed
—
Oct 28, 1992
—
Tan Phu Bui
Bui,tien Dinh
Quit Claim Deed
related
—
Dec 6, 1991
$42,500
Tan Phu Bui
Pham
Grant Deed
$36,000 · Pacific First Fsb
Jun 25, 1990
$60,000
Phan Kim
Nakano
Grant Deed
$40,200 · Seller
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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