5501 Rainier Ave S, Seattle, WA 98118

Commercial · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: small commercial strip, appears multi-tenant. 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 AI estimate from public imagery; may be outdated.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 1,256 reachable commercial buildings in Seattle. Larger than 8% of commercial buildings in Seattle (median 13,352 SF), derived from assessor records.

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Building size
1,446 SF, King County Assessor
Lot size
544 SF, King County Assessor
Year built
2019, King County Assessor
Stories
3, King County Assessor
Predominant use
Live/Work Townhouse, King County Assessor
Assessed value
$506,100, per the King County Assessor (not a market appraisal)
Assessed value per building SF
$350/SF, derived from assessor records
Lot coverage
266%, derived from assessor records
Vintage
2010s vintage
Zoning
NC2-55 (M), King County
County use code
Townhouse Plat
Parking (observed)
street only, 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.

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Sale history and market context

MakeMe Estimate: $662,174 (estimated market value), with a likely range of $561,125 to $809,612 (half of recent verified sales in this segment landed inside that range). Based on 139 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2020-10-27 for $522,500 (recorded arm's-length sale).

Current ownership dates to 2020 (about 6 years) per recorded transfers.

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

Value over time

$203K$406K$610K$813K20192021202320252026$523KCounty appraised valueEstimated value (modeled range)Recorded sale

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 $50,900 (2019) to $506,100 (2026), up 894% over 7 years, per county tax rolls. The 2026 roll splits $506,100 into $87,000 land and $419,100 improvements.

Taxes