Owner/User Office Building For
1025 3rd St Renton, WA 98057
For Sale
$1,350,000
Pending
Office building with annex building and offsite street parking.
Property Size6,964 SF
Days on Market288
Property Features for 1025 3rd St
General Information
Standard status
Pending
Size
6,964 SF
Property subtype
Commercial
Building Details
Year Built
1898
Listing Agency:
CLARK CORPORATE REALTY
Listed By:
TREVOR CLARK
Source:
Corcoran
Added: Oct 13, 2025
Changed: Jul 6
Last Checked: Jul 23 at 7:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CLARK CORPORATE REALTY
Investment Insights
Based on property information with market context.
This property features an office building with an annex building, totaling approximately 6,964 square feet. The brick building benefits from high visibility and includes offsite street parking. This is an owner/user office building.
Key Highlights
- Two Buildings Totaling +/- 6,964 SF
- Owner/User Office Building
- Beautiful Brick Building
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $229.8k | $33.00 |
| − Vacancy | −$65.5k | −$9.41 |
| EGI | $164.3k | $23.60 |
| − OpEx | −$41.1k | −$5.90 |
| NOI | $123.2k | $17.70 |
6,964 SF · lease $33.00/SF/yr · vacancy 28.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.05M
NOI $123,237 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,829 @ 7.0% cap · market cap 11.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building with annex building and offsite street parking.
Where is this office building located?
The property is located at 1025 3rd St Renton, WA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two Buildings Totaling +/- 6,964 SF; Owner/User Office Building; Beautiful Brick Building
