Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1131 7Th St, Unit Renton Renton, WA 98057

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,490,000

    Office building in Blackriver Corporate Park with excellent regional access.

    Property size:
    9,760 SF

    Property Features for 1131 7Th St

    General Information

    Standard status
    Active
    Size
    9,760 SF

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Matt Anderson
    Source: Corcoran

    Listing Agent: Matt Anderson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renton Office Building For Sale

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Law Firm Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Renton
    County
    King
    State
    Washington
    Longitude
    -122.2327897
    Latitude
    47.4726649

    Nearby Similar for Sale

    • $1,080,000
      6,684 SF

      Historic Renton Mixed-Use Building

      Fully occupied mixed-use property in historic downtown Renton.
      914-916 S 3Rd St, Renton, WA 98057
      View Details
    • $499,950
      1,322 SF

      Modern Living in Gated Community

      Secure Renton home with updated kitchen and community amenities.
      5003 Lake Ave S, Renton, WA 98055
      View Details
    • $90,000
      1,536 SF

      Spacious Home in 55+ Community

      1536 sq ft home in a 55+ community.
      201 Union Ave SE, Renton, WA 98059
      View Details
    • $3,150,000
      7,041 SF

      Fully Leased Retail Strip Center

      Multi-tenant retail strip center in Renton, Washington.
      3904 4Th St, Renton, WA 98056
      View Details
    • $4,925,000
      20,145 SF

      Updated Multifamily Asset in Renton

      22-unit multifamily property in Renton's Highland Park neighborhood.
      1177 Harrington Ave, Renton, WA 98056
      View Details
    • $2,950,000
      11,530 SF

      Renton Industrial Property for Sale

      Industrial property in Renton, WA, with convenient access to major cities.
      263 Rainier Ave S, Renton, WA 98057
      View Details
    • $1,125,000

      Renton Multifamily Property Near Cedar River

      Well-maintained 5-unit property in Renton, proximate to Seattle.
      74 Williams Ave S, Renton, WA 98057
      View Details
    • $11,500,000

      Renton Retail/Commercial Building For Sale

      20,000 SF retail/commercial building with casino and parking.
      3100 East Vly Rd, Renton, WA 98057
      View Details
    • $250,000
      608 SF

      Updated Condo in Cascade Park

      Updated 1-bed, 1-bath condo with greenbelt view and fireplace.
      17425 119Th Ln SE, Renton, WA 98058
      View Details
    • $335,000

      Move-in Ready Condo in Renton

      Two-bedroom, one-bath condo in gated community with pool.
      801 Rainier Ave N, Renton, WA 98057
      View Details
    • Contact for pricing
      29,628 SF

      Climate Controlled Industrial Space

      29,628 SF thermoregulated warehouse in Kent business park.
      720 SW 34Th St, Renton, WA 98057
      View Details
    • Contact for pricing
      332,798 SF

      Class A Office Space Available

      Class A office space in Renton's new commercial district.
      1901 Oakesdale Ave Southwest, Renton, WA 98057
      View Details

    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 1131 7Th St, Unit Renton 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.
    (206) 682-2500
    Request Owner's contact information
    1131 7Th St, Unit Renton Renton, WA 98057
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1131 7Th St, Unit Renton
    Renton, WA 98057
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1131 7Th St, Unit Renton Renton, WA 98057
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Matt Anderson
    (206) 682-2500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.