Back to Search
Property profile & analytics
OFF-MARKET
Grocery and convenience stores
7301 Rainier S Ave Seattle, WA 98118-3943
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-1483497
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1999
Construction
WOOD
Total area
2,160 SF
Lot
0.19 ac (8,060 SF)
Zoning code
NC3-55 (M)
APN
110800-0776
UPID
US90-1483497
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
-
Rainer Mart Gas Station
-
Rainier Valero Gas Station
-
Valero Food Mart Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
H & H Choi INC · 20 yrs held
H & H Choi INC
since 2006
7 recorded transactions
Zoning & alternative use
NC3-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or regional clientele; that provides comparison shopping for a wide range of retail goods and services; that incorporates offices, business supp…
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
327.73 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,088
Tax year 2022
Assessed value
$1,453,100
Assessed 2022
Previous assessed
$1,453,100
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$765,700
Assessed improvement
$687,400
Land market value
$765,700
Improvement market value
$687,400
Total market value
$1,453,100
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
2,160 SF
Lot
0.19 ac (8,060 SF)
Zoning code
NC3-55 (M)
APN
110800-0776
UPID
US90-1483497
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
NC3-55 (M) · Seattle, WAZoning NC3-55 (M) · permitted uses
NC3-55 (M) · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this district is to promote neighborhood commercial activities to support or encourage a pedestrian-oriented shopping district that serves the surrounding neighborhood and a larger community, citywide, or regional clientele; that provides comparison shopping for a wide range of retail goods and services; that incorporates offices, business support services, and residences that are compatible with the retail character of the area. M is the mandatory housing affordability suffix applied to this zone.
Zone name
Neighborhood Commercial Mandatory Housing Affordability
General category
COMMERCIAL
Zone area
327.73 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1999
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
H & H Choi INC
Entity
Mailing address
7301 RAINIER AVE S, SEATTLE, WA 98118-3943
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2006
$1,050,000
H & H Choi INC
Kim,to S
Grant Deed
$1,073,145 · City Bank
Jun 26, 2000
$940,000
To S Kim
Park,joon W & Sohee K
Grant Deed
$745,000 · Seller
Feb 25, 1997
$80,000
Joon W Park
Samsel,howard S & Maebell S
Grant Deed
—
Oct 16, 1992
—
Howard S Samsel
Samsel,howard S
Quit Claim Deed
related
—
—
—
H & H Choi INC
—
Deed Of Trust
related
$85,000 · Re Powell Distributing Co
—
—
Joon W Park
—
Deed Of Trust
related
$187,080 · R E Powell Distributing Co
—
—
Joon W Park
—
Deed Of Trust
related
$650,000 · City Bank
—
—
To S Kim
—
Deed Of Trust
related
$656,580 · Pacific International Bank
—
—
Joon W Park
—
Deed Of Trust
related
$857,000 · City Bank
—
—
Shell Rainier
—
Deed Of Trust
related
$245,080 · City Bank
—
—
To S Kim
—
Deed Of Trust
related
$823,002 · City Bank
—
—
H & H Choi INC
—
Deed Of Trust
related
$949,000 · United Labor Bank
—
—
H & H Choi INC
—
Deed Of Trust
related
$85,000 · R E Powell Distributing Co
—
—
Joon W Park
—
Deed Of Trust
related
$70,000 · Individual
—
—
Joon W Park
—
Deed Of Trust
related
$705,000 · City Bank
—
—
Joon W Park
—
Deed Of Trust
related
$650,000 · City Bank
—
—
Joon W Park
—
Deed Of Trust
related
$50,000 · Individual
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 7301 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.
