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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Office Spaces
7636 Rainier S Ave, Seattle, WA 98118-3913
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0717633
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1967
Construction
WOOD
Total area
2,560 SF
Lot
0.19 ac (8,100 SF)
Zoning code
NC2-55 (M)
APN
941240-0005
UPID
US90-0717633
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
-
Kebena Restaurant and Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$625k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
$813k
Blend (final)
Blend
$760k
Owner & transaction history
Belmuna Real Estate Holdings LLC · 3 yrs held
Belmuna Real Estate Holdings LLC
since 2022
Last sale
$870,000
7 recorded transactions
Zoning & alternative use
NC2-55 (M) · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+32.8%
Retail stores
$1.0M
+29.4%
Office building
$905,000
+14.0%
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
$705,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$795,000
Current use
AUTO REPAIR, GARAGE
$1,055,000
Change: +33% · Conversion: Difficult
RETAIL STORES
$1,025,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$905,000
Change: +14% · Conversion: Easy
MEDICAL BUILDING
$880,000
Change: +11% · Conversion: Easy
WAREHOUSE, STORAGE
$755,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $870k (Nov 15 2022)
Last sale anchor
$870k
Nov 15 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
$297 / 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
$7,470
Tax year 2022
Assessed value
$730,000
Assessed 2022
Previous assessed
$730,000
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$729,000
Assessed improvement
$1,000
Land market value
$729,000
Improvement market value
$1,000
Total market value
$730,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1967
Construction
WOOD
Heating
FORCED AIR
Stories
1
Total area
2,560 SF
Lot
0.19 ac (8,100 SF)
Zoning code
NC2-55 (M)
APN
941240-0005
UPID
US90-0717633
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
$795,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
OFFICE BUILDING
Est. value
$905,000
MEDICAL BUILDING
Est. value
$880,000
WAREHOUSE, STORAGE
Est. value
$755,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1967
Construction
WOOD
Heating
FORCED AIR
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Belmuna Real Estate Holdings LLC
Entity
Mailing address
7923 S 5TH AVONUE S, SEATTLE, WA 98178
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2022
$870,000
Belmuna Real Estate Holdings LLC
Willaim M Barnum JR
Warranty Deed
$745,000 · William Barnum Trust Redondo
Jun 1, 2017
$700,000
Barnum,william M JR & A P Trust
Chac,eric C
Warranty Deed
—
Aug 11, 2004
$270,000
Eric C Chac
Lewis,ralph V SR
Warranty Deed
$250,000 · Us Bank NA
Oct 9, 1996
$264,812
Ralph V Lewis
Baker,john M & Crystal D
Grant Deed
—
Dec 7, 1993
$137,500
John M Baker
Rock,serrena A
Grant Deed
$87,000 · Beneficial Mortgage Co Califor
—
—
John M Baker
—
Deed Of Trust
related
$191,000 · Beneficial Washington INC
—
—
Ralph V Lewis
—
Deed Of Trust
related
$20,971 · Beneficial Washington INC
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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