Renton Office Space For
200 SW 41st St Renton, WA 98057
For Sale
$3,950,000
High-quality office space in Renton, near various amenities and lodging.
Property Size13,385 SF
Price / SF$295.11
Days on Market185
Property Features for 200 SW 41st St
General Information
Standard status
Active
Size
13,385 SF
Property subtype
Office
Building Details
Year Built
2006
Listing Agency:
The Andover Company, Inc.
(206) 550-4176
Listed By:
Mike Hemphill
(206) 550-4176
Source:
Corfac
Added: Jan 26
Changed: Jul 6
Last Checked: Jul 29 at 4:59AM
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 The Andover Company, Inc.
Investment Insights
Based on property information with market context.
This high-quality office space is located in the Renton neighborhood. The building is situated within walking distance of various restaurants, including Starbucks, Burger King, Subway, and Jersey Mike’s. Several lodging accommodations are located blocks away, such as Clarion Hotel, Hilton Garden Inn, Springhill Suites, Larkspur Landing, and Towneplace Suites. The property is one block from IKEA. Surface stalls are available at a ratio of 4 per 1,000 square feet in a lighted parking lot. The building has a total size of 13,385 square feet.
Key Highlights
- High‑quality office space in Renton.
- Walking distance to numerous restaurants including Starbucks, Burger King, and Subway.
- Close proximity to lodging accommodations such as Clarion Hotel and Hilton Garden Inn.
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 | $441.7k | $33.00 |
| − Vacancy | −$125.9k | −$9.41 |
| EGI | $315.8k | $23.60 |
| − OpEx | −$79.0k | −$5.90 |
| NOI | $236.9k | $17.70 |
13,385 SF · lease $33.00/SF/yr · vacancy 28.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.38M
$2.96M – $3.95M
NOI $236,864 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.36M
$3.82M – $5.09M
NOI $305,274 @ 7.0% cap · market cap 7.73%
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 units - High-quality office space in Renton, near various amenities and lodging.
Where is this office units located?
The property is located at 200 SW 41st St Renton, WA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: High‑quality office space in Renton.; Walking distance to numerous restaurants including Starbucks, Burger King, and Subway.; Close proximity to lodging accommodations such as Clarion Hotel and Hilton Garden Inn.
