Renton Office Building For
1119 SW 7th St Renton, WA 98057
For Sale
Contact for pricing
Office building in Blackriver Corporate Park with excellent regional access.
Property Size15,780 SF
Lot Size7.31 Acres
Price / SF$255.01
Days on Market329
Property Features for 1119 SW 7th St
General Information
- Standard status
- Active
- Size
- 15,780 SF
- Lot size
- 7.31 Acres
- Property subtype
- OFFICE
Properties For Sale
at 1119 SW 7th St Contact us
Listing Agency:
Heartland, LLC
(206) 682-2500
Listed By:
Doug Larson
(206) 682-2500
Source:
Moodyscre
Added: Sep 2, 2025
Changed: Jul 6
Last Checked: Jul 23 at 8:41AM
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 Heartland, LLC
Investment Insights
Based on property information with market context.
This property offers an opportunity for owner-users to acquire a building within the Blackriver Corporate Park. Situated in a professionally managed business park, the property is centrally located in Renton and provides regional access. The site features on-site parking, modern infrastructure, and a corporate environment.
Key Highlights
- Opportunity for owner‑users to secure their own building.
- Located in the highly desirable Blackriver Corporate Park.
- Central Renton location with excellent regional access.
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 | $520.7k | $33.00 |
| − Vacancy | −$148.4k | −$9.41 |
| EGI | $372.3k | $23.60 |
| − OpEx | −$93.1k | −$5.90 |
| NOI | $279.2k | $17.70 |
15,780 SF · lease $33.00/SF/yr · vacancy 28.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.99M
$3.49M – $4.65M
NOI $279,247 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.14M
$4.50M – $6.00M
NOI $359,898 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Office building in Blackriver Corporate Park with excellent regional access.
Where is this office building located?
The property is located at 1119 SW 7th St Renton, WA.
What is the asking price?
The asking price for this property is $4,024,000.
What are key features of this property?
This property features: Opportunity for owner‑users to secure their own building.; Located in the highly desirable Blackriver Corporate Park.; Central Renton location with excellent regional access.
