Valley Medical Center in
For Sale
Contact for pricing
17722 Talbot Rd S, Renton, WA 98055
Nonprofit healthcare provider serving the community since 1947.
Property Size6,901 SF
Price / SF$311.55
Days on Market837
Property Features for 17722 Talbot Rd S
General Information
Standard status
Active
Size
6,901 SF
Total Parking Spaces
34
Property subtype
Office, Retail
Zoning
OC
Investment Type
Owner/User
Building Details
Buildings
1
Listing Agency:
CBRE - Seattle
Listed By:
Steven Brunette · License #WA 17803
Source:
Crexi
Added: May 7, 2024
Changed: Aug 12
Last Checked: Aug 20 at 9:17AM
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 CBRE - Seattle
Investment Insights
Based on property information with market context.
Valley Medical Center is located in Renton, Washington, and is identified as the largest nonprofit healthcare provider between Seattle and Tacoma. It has served the community since 1947 and operates as part of the UW Medicine system, enhancing its offerings through research and teaching collaborations. The facility includes a hospital with specialties such as emergency care, childbirth services, heart and vascular care, and orthopedics. It also operates a network of primary and urgent care clinics throughout the region, with the aim of providing comprehensive and accessible healthcare services to its community. The property has a size of 6901 square feet.
Key Highlights
- Largest nonprofit healthcare provider between Seattle and Tacoma.
- Part of the UW Medicine system.
- Offers a wide range of specialties including emergency care, childbirth, heart and vascular care, and orthopedics.
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
$108,517
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
5.05%
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%
$2,170,340
$2.2M
Cap Rate 7%
$1,550,243
$1.6M
Cap Rate 9%
$1,205,744
$1.2M
Market Conditions
NOI Build-Up for 6,901 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
$198.7K $28.80/SF
− Vacancy
−$17.9K −$2.59/SF
EGI
$180.9K $26.21/SF
− OpEx
−$72.3K −$10.48/SF
NOI
$108.5K $15.72/SF
Area
Renton, WA
Vacancy
9.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
40.00%
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%
$2,170,340
Cap Rate 7%
$1,550,243
Cap Rate 9%
$1,205,744
Alternative Uses
Best Use
Healthcare Medical
$1.55M
$1.36M – $1.81M
NOI $108,517 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,392 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,851
Businesses Nearby
Explore this area
Business Placement
Demographics for 98055, WA
24,458
Population
9,994
Households
2.4
Avg Household Size
37
Median Age
39%
College-Educated
90%
High-School Grad
4.5 sq mi
ZIP Area
5,435
Density / Sq Mi
$100,207
Median Household Income
$56,931
Median Earnings
$2,098
Median Rent
$561,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Nonprofit healthcare provider serving the community since 1947.
Where is this medical center located?
The property is located at 17722 Talbot Rd S Renton, WA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Largest nonprofit healthcare provider between Seattle and Tacoma.; Part of the UW Medicine system.; Offers a wide range of specialties including emergency care, childbirth, heart and vascular care, and orthopedics.
