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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Grocery and convenience stores
7729 Rainier S Ave, Seattle, WA 98118-4138
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-3026253
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1913
Construction
WOOD
Total area
3,570 SF
Lot
0.3 ac (13,100 SF)
Zoning code
NC2-55 (M)
APN
144350-0210
UPID
US90-3026253
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
-
مطعم صومالي Restaurant
-
Best Care Garden Garden Center
-
1st UNION STORE Big Box & Wholesale Store Food Market
-
Yusra & Sabah Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
Can Van Tran · 19 yrs held
Can Van Tran
since 2007
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
$720,000
+226.5%
Commercial (general)
$605,000
+175.3%
Retail stores
$600,000
+172.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$720,000
Change: +227% · Conversion: Difficult
COMMERCIAL (GENERAL)
$605,000
Change: +175% · Conversion: Easy
RETAIL STORES
$600,000
Change: +173% · Conversion: Easy
Blend value · Realmo final
$875k
Range $788k – $963k · ±10%
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
$245 / 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
$2,739
Tax year 2022
Assessed value
$139,000
Assessed 2022
Previous assessed
$139,000
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$123,800
Assessed improvement
$15,200
Land market value
$318,300
Improvement market value
$52,500
Total market value
$370,800
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1913
Construction
WOOD
Heating
FORCED AIR
Stories
2
Bathrooms
1
Total area
3,570 SF
Lot
0.3 ac (13,100 SF)
Zoning code
NC2-55 (M)
APN
144350-0210
UPID
US90-3026253
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
AUTO REPAIR, GARAGE
Est. value
$720,000
COMMERCIAL (GENERAL)
Est. value
$605,000
RETAIL STORES
Est. value
$600,000
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1913
Construction
WOOD
Heating
FORCED AIR
Stories
2
Bathrooms
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Can Van Tran
Individual
Mailing address
7729 RAINIER AVE S, SEATTLE, WA 98118-4138
Ownership since
2007
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
Feb 15, 2007
$630,000
Can Van Tran
Ngoc Mai Nguyen
Warranty Deed
$454,400 · Homecomings Financial LLC
Apr 30, 2001
$235,000
Thy Nguyen
Huynh,frank & Hai T
Grant Deed
$223,250 · Greenpoint Mortgage Funding
Apr 30, 2001
—
Thy Nguyen
Nguyen,chau T
Quit Claim Deed
related
—
Oct 24, 1995
$100,000
Frank Huynh
Lau,edward K & Margaret
Grant Deed
$80,000 · Goodrich & Pennington INC
Dec 29, 1994
$62,415
Edward K Lau
Foster Mortgage
Quit Claim Deed
related
—
Jun 19, 1991
—
Eddie Kay Lau
Armstead,damita
Quit Claim Deed
related
—
Feb 16, 1988
$60,000
Charles K Armstead
C Saunders Est
Grant Deed
$53,976 · American Mortgage Corp
—
—
Edward L Lau
—
Deed Of Trust
related
$70,000 · Seattle Funding Group Ltd
—
—
Frank Huynh
—
Deed Of Trust
related
$184,000 · Headlands Mortgage
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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