3820 Rainier Ave S, Seattle, WA 98118

NNN Retail · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: big-box retail. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 1,026 reachable nnn retail buildings in Seattle. Larger than 98% of nnn retail buildings in Seattle (median 5,208 SF), derived from assessor records.

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Building size: 112,114 SF, King County Assessor
Lot size: 343,258 SF, King County Assessor
Year built: 1994, King County Assessor
Stories: 1, King County Assessor
Buildings on parcel: 3, King County Assessor
Predominant use: Safeway Store #1508 & Ross, King County Assessor
Assessed value: $33,818,700, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $301.65/SF, derived from assessor records
Lot coverage: 33%, derived from assessor records
Vintage: 1990s vintage
Zoning: C2-75 (M), King County
County use code: Shopping Ctr(Maj Retail)
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery
Frontage (observed): mid block, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

3736 Rainier Ave S, Seattle · 0.2 mi · 101,580 SF · built 2014 · assessed $184.57/SF
4116 Rainier Ave S, Seattle · 0.2 mi · 2,150 SF · built 1945 · assessed $235.44/SF
4200 Rainier Ave S, Seattle · 0.2 mi · 4,290 SF · built 1948 · assessed $132.59/SF
4204 Rainier Ave S, Seattle · 0.3 mi · 4,290 SF · built 1948 · assessed $132.59/SF
4236 36th Ave S, Seattle · 0.3 mi · 3,200 SF · built 1994 · assessed $193.22/SF
4401 Rainier Ave S, Seattle · 0.3 mi · 5,460 SF · built 1926 · assessed $248.88/SF

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Sale history and market context

MakeMe Estimate: $34,019,258 (estimated market value), with a likely range of $24,932,467 to $39,786,157 (half of recent verified sales in this segment landed inside that range). Based on 28 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Current ownership dates to 2006 (about 20 years) per recorded transfers.

2018-03-04: $4,750 from Wri-Urs Rainier Valley LLC to Seattle City of (non-market transfer), rec. 20180418001155

2006-11-14: $24,983,668 from Rainier Valley Square Limted LP to Wri-Urs Rainier Valley LLC (part of a 2-parcel sale; price is the whole deal), rec. 20061121001930

2 administrative transfers (no consideration), 2001 to 2001

2000-01-31: $169,500 from Private party to Crown Castle GT Company LLC (part of a 2-parcel sale; price is the whole deal), rec.

1999-08-31: $530,500 from Taco Bell Corp to Taco Grande NW II LLC, rec. 19990920002181

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $21,800,000 (2011) to $33,818,700 (2026), up 55% over 15 years, per county tax rolls. The 2026 roll splits $33,818,700 into $31,251,900 land and $2,566,800 improvements.

Zoning: C2-75 (M) (per King County)

Lot: 343,258 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Supermarket 64,186 SF; Discount Store 25,692 SF; Line Retail 15,420 SF; Fast Food Restaurant 2,227 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2025-08-25: Remodel, declared value $25,000, permit 7085491-CN

2023-04-19: Remodel, declared value $250,000 (Complete), permit 6925966-CN

2022-06-27: Remodel, declared value $475,000 (Complete), permit 6889384-CN

2020-12-03: Remodel, declared value $6,026,554 (Complete), permit 6784824-CN

2018-01-29: Remodel, declared value $250,000 (Complete), permit 6592788

2017-06-20: Remodel, declared value $700,000 (Complete), permit 6552929

2016-04-09: Remodel, declared value $90,000 (Complete), permit 6518708

2014-06-02: Building, New, declared value $1 (Screened), permit 6378023

2010-08-18: Remodel, declared value $85,000 (Complete), permit 6255379

2006-07-21: Remodel, declared value $500,000 (Complete), permit 6095847

Source: King County permit records (newest first).