Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    Renton, WA 98057

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Versatile property suitable for office, retail, or mixed-use applications.

    We can help!

    Listing Contact
    Thad Mallory
    Source: Nmrk

    Listing Agent: Thad Mallory

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

    Learn more

    Overview

    Adaptable Space in Renton, WA

    Located in Renton, WA, the property at 700 SW 34th St presents a leasing opportunity suitable for various business applications, including office spaces, retail, or mixed-use purposes. The property features a spacious and adaptable layout, modern amenities, and ample parking. The location offers visibility and accessibility for clients and employees. The interior is well-maintained and offers customization potential, making it suitable for businesses seeking a professional environment to support their requirements and growth.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Renton
    County
    King
    State
    Washington
    Longitude
    -122.216
    Latitude
    47.4831

    Nearby Similar for Lease

    • $3,500 /Mo
      2,200 SF

      Downtown Renton Warehouse Style Space

      Unique 2,200 sq ft warehouse space in downtown Renton.
      205 Logan Ave S, Renton, WA 98057
      View Details
    • Contact for pricing
      16,892 SF

      Renton Retail Opportunity

      Freestanding retail property in King County with high traffic exposure.
      17615 140 Ave SE, Renton, WA
      View Details
    • Contact for pricing
      1,277 SF

      Urban-Village Shopping Center Retail Space

      Retail space available in a large urban-village shopping center.
      1215 N Landing Way, Renton, WA 98055
      View Details
    • $38 SF/Yr
      4,084 SF

      Waterfront Retail Space in Renton

      Modern retail and restaurant space in Renton's waterfront community.
      1083 Lk Washington Blvd N, Renton, WA
      View Details
    • $18 SF/Yr
      91,813 SF

      Renton Village Shopping Center

      High-traffic retail & office space, Renton
      365 Grady Way, Renton, WA 98057
      View Details
    • $26 SF/Yr
      1,638 SF

      Renton Dental Office Suite Available

      Fully built-out dental office suite for lease near Valley Medical.
      10700 SE 174Th Ter, Renton, WA
      View Details
    • Contact for pricing
      27,912 SF

      Renton Flex Space: Prime Location

      Versatile Industrial/Office Space Available
      865-901 Rainier Ave, Renton, WA 98057
      View Details
    • $22 SF/Yr
      132,000 SF

      Renton Industrial Space Available

      132,000 SF Multi-Tenant Industrial Building
      801 16Th St, Renton, WA 98057
      View Details
    • $15 SF/Yr
      17,080 SF

      Prime Renton Executive Office Space

      6,407 SF Available in Class B Building
      560 Naches Ave, Renton, WA 98057
      View Details
    • Contact for pricing

      Renton Office Space For Lease

      Office space with freeway access, conference centers, and parking.
      707 S Grady Way, Renton, WA 98057
      View Details
    • Contact for pricing

      Renton Office Space For Lease

      Office space with freeway access, conference centers, and parking.
      700 S Renton Village Pl, Renton, WA 98057
      View Details
    • Contact for pricing

      Renton Office Space For Lease

      Office space with freeway access, conference centers, and parking.
      555 S Renton Village Pl, Renton, WA 98057
      View Details

    FAQs

    What type of property is this?
    Office space - Versatile property suitable for office, retail, or mixed-use applications.
    Where is this office space located?
    The property is located at Renton, WA.
    What are key features of this property?
    This property features: - Strategic location in Renton, WA, offering excellent visibility and accessibility.; - Spacious and adaptable layout suitable for office, retail, or mixed-use applications.; - Ample parking available for clients and employees.
    (425) 985-0633
    Request Owner's contact information
    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.
    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
    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
    Thad Mallory
    (425) 985-0633
    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.