New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Commercial real estate
6301 Rainier S Ave, Seattle, WA 98118-2789
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1825972
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1912
Construction
WOOD
Total area
8,858 SF
Lot
0.15 ac (6,450 SF)
Zoning code
NC2-55 (M)
APN
381240-0010
UPID
US90-1825972
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
-
The City Smoke Shop (Bike/Boat/Book/etc) Store
-
Gelemsiyi Halal Grocery African Goods Store
-
The City Smokes Wholesale Tobacco Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.36M
CAP Approach
CAP
$2.30M
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.70M
Owner & transaction history
City Property Corporation · 3 yrs held
City Property Corporation
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
NC2-55 (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
$1,380,000
ML approach
$1,360,000
CAP Approach
CAP Return
Estimation
6%
$2,490,000
6.5%
$2,300,000
7%
$2,135,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,745,000
Current use
WAREHOUSE, STORAGE
$2,615,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $1.70M (Jul 20 2022)
Last sale anchor
$1.70M
Jul 20 2022
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
$191 / 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
$13,840
Tax year 2022
Assessed value
$1,552,800
Assessed 2022
Previous assessed
$1,552,800
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$580,500
Assessed improvement
$972,300
Land market value
$580,500
Improvement market value
$972,300
Total market value
$1,552,800
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
1912
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
1
Total area
8,858 SF
Lot
0.15 ac (6,450 SF)
Zoning code
NC2-55 (M)
APN
381240-0010
UPID
US90-1825972
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
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
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
1912
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
City Property Corporation
Entity
Mailing address
2020 S JACKSON ST APT #2, SEATTLE, WA 98144-2872
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2022
$1,700,000
City Property Corporation
C & Y Properties LLC
Warranty Deed
$1,000,000 · C & Y Properties LLC
May 24, 2012
$480,000
C & Y Properties LLC
East-west Bank
Warranty Deed
—
Jun 8, 2011
$791,200
East West Bk
Td Service Co Of Washington
Trustees Deed
related
—
Sep 13, 2005
—
K & F Investment LLC
Apms INC
Quit Claim Deed
related
—
Mar 15, 2002
$625,000
Apms INC
Razwick,ellen
Grant Deed
$400,000 · Ellen Razwick
Apr 5, 2000
—
George Razwick Estate
George Razwick Estate
Quit Claim Deed
related
—
—
—
K & F Investment LLC
—
Deed Of Trust
related
$1,087,500 · United Commercial Bank
—
—
Apms INC
—
Deed Of Trust
related
$660,000 · Washington First Int'l Bank
—
—
K & F Investment LLC
—
Deed Of Trust
related
$773,000 · Pacifica 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6301 Rainier S Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
