5416 Rainier Ave S, Seattle, WA 98118

NNN Retail · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: multi-tenant commercial, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears serviceable with visible wear. AI estimate from public imagery; may be outdated.

One of 1,026 reachable nnn retail buildings in Seattle. Larger than 74% of nnn retail buildings in Seattle (median 5,208 SF), derived from assessor records.

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Building size: 10,380 SF, King County Assessor
Lot size: 4,911 SF, King County Assessor
Year built: 1919, King County Assessor
Stories: 2, King County Assessor
Predominant use: Retail Store, King County Assessor
Assessed value: $1,379,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $132.85/SF, derived from assessor records
Lot coverage: 211%, derived from assessor records
Vintage: pre-war vintage
Zoning: NC2-55 (M), King County
County use code: Retail Store
Construction (observed): wood frame, 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.

5415 Rainier Ave S, Seattle · 0 mi · 3,222 SF · built 1951 · assessed $250.62/SF
5600 Rainier Ave S, Seattle · 0.1 mi · 6,620 SF · built 1926 · assessed $243.04/SF
5610 Rainier Ave S, Seattle · 0.1 mi · 1,861 SF · built 1910 · assessed $286.46/SF
5601 Rainier Ave S, Seattle · 0.1 mi · 5,040 SF · built 1903 · assessed $104.17/SF
5303 Rainier Ave S, Seattle · 0.1 mi · 5,692 SF · built 1948 · assessed $337.49/SF
5609A Rainier Ave S, Seattle · 0.1 mi · 5,300 SF · built 1920 · assessed $237.34/SF

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Sale history and market context

MakeMe Estimate: $1,602,251 (estimated market value), with a likely range of $1,338,522 to $1,815,335 (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: 2018-10-30 for $830,000 (recorded arm's-length sale).

Current ownership dates to 2021 (about 5 years) per recorded transfers.

2021-02-16: transfer from Private party to MCM Realty Investments PLLC (non-market transfer), rec. 20210217001256

2018-10-30: $830,000 from Private party to Private party, rec. 20181102001156

1989-10-20: $127,500 from Private party to Private party, rec. 198910272108

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 $508,800 (2011) to $1,379,000 (2026), up 171% over 15 years, per county tax rolls. The 2026 roll splits $1,379,000 into $785,700 land and $593,300 improvements.

Zoning: NC2-55 (M) (per King County)

Lot: 4,911 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Retail Store 6,400 SF; Storage Warehouse 3,980 SF (county building sections)

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