4860 Rainier Ave S, Seattle, WA 98118

NNN Retail · Seattle · Seattle-Bellevue metro, WA

One of 1,026 reachable nnn retail buildings in Seattle. Larger than 77% of nnn retail buildings in Seattle (median 5,208 SF), derived from assessor records.

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Building size: 12,143 SF, King County Assessor
Lot size: 8,069 SF, King County Assessor
Year built: 1909, King County Assessor
Stories: 2, King County Assessor
Predominant use: Retail Store, King County Assessor
Assessed value: $3,224,200, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $265.52/SF, derived from assessor records
Lot coverage: 150%, derived from assessor records
Vintage: pre-war vintage
Zoning: NC3P-40, King County
County use code: Retail Store
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): none visible, AI estimate from public imagery

Nearby comparable buildings

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

3806 S Ferdinand St, Seattle · 0 mi · 6,018 SF · built 1921 · assessed $215.47/SF
3820 S Ferdinand St, Seattle · 0 mi · 8,677 SF · built 1990 · assessed $310.18/SF
4868 Rainier Ave S, Seattle · 0 mi · 4,690 SF · built 1908 · assessed $287.97/SF
4869 Rainier Ave S, Seattle · 0 mi · 1,482 SF · built 1928 · assessed $312.62/SF
3808 S Edmunds St, Seattle · 0 mi · 2,640 SF · built 1925 · assessed $287.99/SF
3810 S Ferdinand St, Seattle · 0 mi · 6,600 SF · built 1929 · assessed $255.42/SF

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Sale history and market context

MakeMe Estimate: $3,272,783 (estimated market value), with a likely range of $2,734,086 to $3,708,033 (half of recent verified sales in this segment landed inside that range). Based on 152 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2019-02-12 for $2,775,000 (recorded arm's-length sale).

Current ownership dates to 2019 (about 7 years) per recorded transfers.

2019-02-12: $2,775,000 from Ram Columbia LLC to Legendary Hearts LLC, rec. 20190215000794

2000-03-24: $850,000 from Private party to Ram Columbia LLC (part of a 2-parcel sale; price is the whole deal), rec. 20000412001998

1992-10-30: $307,623 from Private party to Private party (part of a 2-parcel sale; price is the whole deal), rec. 199212031072

2 administrative transfers (no consideration), 1992 to 1992

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 $1,961,100 (2011) to $3,224,200 (2026), up 64% over 15 years, per county tax rolls. The 2026 roll splits $3,224,200 into $927,900 land and $2,296,300 improvements.

Zoning: NC3P-40 (per King County)

Lot: 8,069 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Retail Store 6,688 SF; Open Office 5,455 SF (county building sections)

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