Property profile

9040 Rainier S Ave Seattle, WA 98118

OFF-MARKET
Medical Office Space
Property ID
US90-1300760
3,704 SF 0.19 ac lot Built 1961
Trust Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property consists of a level corner commercial development site totaling approximately 23,800 square feet, with 140 feet of frontage on Rainier Ave South and 170 feet of frontage on South Director Street, located in the Rainier Beach Business District near multiple retail and service uses. The site includes three parcels: Parcel A at 9040 Rainier Ave South, featuring an existing 3,704-square-foot office on a 75-by-110-foot lot (8,250 square feet) and zoned NC3P-55(M); Parcel B at 9050 Rainier Ave South, featuring an existing 1,440-square-foot retail space on a 65-by-110-foot lot (7,150 square feet) and zoned NC3P-55(M); and Parcel C at 5112 South Director, a vacant 60-by-140-foot lot (8,400 square feet) zoned NC3-55(M). All parcels are within an Opportunity Zone and fall under Urban Center, Frequent Transit Service Area, and Design Review Equity Area classifications.

Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1961
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,704 SF
Lot 0.19 ac (8,250 SF)
Zoning code NC3P-55 (M)
APN 426570-0004
UPID US90-1300760

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Dental Office
  • Dental Office
  • Dental Office

Location

9040 Rainier S Ave Seattle, WA 98118-5000
Seattle metro Census 11802 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$600k

Owner & transaction history

since 2025
5 recorded transactions
2025
Price N/A
2025
Price N/A
1996
$245,000
1991
$266,000
1969
Price N/A

Zoning & alternative use

NC3P-55 (M) · Seattle, WA
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 r…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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 9040 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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message