Restaurant with Commercial
For Sale
$180,000
135-1222 Bronson Way N, Renton, WA 98056
The space includes food-service equipment and a walk-in refrigerator for continued restaurant operations.
Property Size1,296 SF
Price / SF$138.89
Days on Market22
Property Features for 135-1222 Bronson Way N
General Information
Standard status
Active
Size
1,296 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Equipment Included
Yes
Listing Agency:
Keller Williams Realty PS
(253) 835-4500
Listed By:
Hanna Lee
(253) 835-4500
Source:
Exprealty
Added: Jul 16
Changed: Aug 3
Last Checked: Aug 3 at 7:20AM
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 Keller Williams Realty PS
Investment Insights
Based on property information with market context.
This restaurant space measures approximately 1,296 square feet and includes a fully equipped commercial kitchen with a walk-in refrigerator. The operation was established in 2019 and is described as well maintained, with the existing layout and equipment in place for food-service use.
Located at 135-1222 Bronson Way N in Renton, Washington, the property is offered for sale. The space can support continuation of the current teriyaki concept or a different food concept with minimal setup.
Located at 135-1222 Bronson Way N in Renton, Washington, the property is offered for sale. The space can support continuation of the current teriyaki concept or a different food concept with minimal setup.
Key Highlights
- Approximately 1,296 SF restaurant space
- Established in 2019
- Fully equipped commercial kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,944
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$238,880
$238.9K
Cap Rate 7%
$170,629
$170.6K
Cap Rate 9%
$132,711
$132.7K
Market Conditions
NOI Build-Up for 1,296 SF
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.
Gross rent
$18.5K $14.28/SF
− Vacancy
−$1.4K −$1.11/SF
EGI
$17.1K $13.17/SF
− OpEx
−$5.1K −$3.95/SF
NOI
$11.9K $9.22/SF
Area
Renton, WA
Vacancy
7.80%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$238,880
Cap Rate 7%
$170,629
Cap Rate 9%
$132,711
Alternative Uses
Best Use
Specialty Retail
$348.3K
$304.7K – $406.3K
NOI $24,378 @ 7.0% cap · market cap 13.54%
Second Best
Industrial
$170.6K
$149.3K – $199.1K
NOI $11,944 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$422.3K
$369.5K – $492.6K
NOI $29,558 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98056, WA
36,344
Population
15,609
Households
2.3
Avg Household Size
38
Median Age
44%
College-Educated
88%
High-School Grad
7.6 sq mi
ZIP Area
4,782
Density / Sq Mi
$108,596
Median Household Income
$59,170
Median Earnings
$1,992
Median Rent
$726,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The space includes food-service equipment and a walk-in refrigerator for continued restaurant operations.
Where is this conventional restaurant located?
The property is located at 135-1222 Bronson Way N Renton, WA.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Approximately 1,296 SF restaurant space; Established in 2019; Fully equipped commercial kitchen
