Renton Office Building For
1131 7th Street, Renton, WA 98057
For Sale
$2,490,000
Pending
Office building in Blackriver Corporate Park with excellent regional access.
Property Size9,760 SF
Days on Market432
Property Features for 1131 7th Street
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
HEARTLAND, LLC
Listed By:
MATT ANDERSON
(206) 682-2500
Source:
Corcoran
Added: Sep 3, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:51AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers an opportunity for owner-users to acquire a building in the Blackriver Corporate Park. Located in Renton, Washington, the property is situated within a professionally managed business park, providing a corporate environment. The building features modern infrastructure and on-site parking. The location provides regional access.
Key Highlights
- Highly desirable Blackriver Corporate Park location.
- Excellent regional access in central Renton.
- Abundance of on‑site parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,715
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,454,300
$3.5M
Cap Rate 7%
$2,467,357
$2.5M
Cap Rate 9%
$1,919,056
$1.9M
Market Conditions
NOI Build-Up for 9,760 SF
Gross rent
$322.1K $33.00/SF
− Vacancy
−$91.8K −$9.41/SF
EGI
$230.3K $23.60/SF
− OpEx
−$57.6K −$5.90/SF
NOI
$172.7K $17.70/SF
Area
Renton, WA
Vacancy
28.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,454,300
Cap Rate 7%
$2,467,357
Cap Rate 9%
$1,919,056
Alternative Uses
Best Use
Office B
$2.47M
$2.16M – $2.88M
NOI $172,715 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,598 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Explore this area
Business Placement
Demographics for 98057, WA
13,493
Population
6,656
Households
2
Avg Household Size
38
Median Age
34%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
2,176
Density / Sq Mi
$68,097
Median Household Income
$53,994
Median Earnings
$1,767
Median Rent
$606,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in King County, WA
Properties on Market for Office buildings in King County
Vacancy Rate% for Office in West region
Frequently Asked Questions
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 1131 7th Street Renton, WA.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: Highly desirable Blackriver Corporate Park location.; Excellent regional access in central Renton.; Abundance of on‑site parking.
