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    500 7Th St Renton, WA 98057

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    For Sale
    $14,100,000

    100% leased office building in central Puget Sound location.

    Property Features for 500 7Th St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1967

    Source: NAI PUGET SOUND PROPERTIES Agent MIKE GEORGE

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

    Overview

    Prime Leased Investment Opportunity

    This property is 100% leased at below-market rates to a stable and financially strong tenant mix. It features a strategic central Puget Sound location with easy access to major economic hubs, including Seattle, Bellevue, Tacoma, and SeaTac International Airport. The property is situated in a dynamic area with a wide variety of restaurants, retail amenities, and services. It also features an impressive two-story atrium that creates a welcoming, professional atmosphere. The property benefits from ample parking spaces and convenient access to public transportation, as well as nearby freeways.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -122.2224634
    Latitude
    47.4742534

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    FAQs

    What type of property is this?
    Office building - 100% leased office building in central Puget Sound location.
    Where is this office building located?
    The property is located at 500 7Th St Renton, WA.
    What is the asking price?
    The asking price for this property is $14,100,000.
    What are key features of this property?
    This property features: - 100% Leased to a stable and financially strong tenant mix.; - Strategic Central Puget Sound Location with easy access to Seattle, Bellevue, Tacoma, and SeaTac International Airport.; - Below Market Lease Rates.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    500 7Th St Renton, WA 98057
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