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    Valley Medical Center in Renton Title is generated by Realmo AI

    17722 Talbot Rd S, Renton, WA 98055

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    Nonprofit healthcare provider serving the community since 1947.

    Type:Office, Retail
    Property size:
    6,901 SF
    Price / SF:
    $311/SF
    Added:
    May 7, 2024
    Days on Market:
    792
    Last Refresh:
    Jul 5 at 5:33 am

    Property Features for 17722 Talbot Rd S

    General Information

    Standard status
    Active
    Size
    6,901 SF
    Property subtype
    Office, Retail

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    Steven Brunette
    Steven Brunette

    Listing office CBRE - Seattle

    Listing date May 7, 2024

    Source Crexi

    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

    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.
    • Includes a hospital facility.
    • Operates a network of primary and urgent care clinics.
    • Serving the community since 1947.

    Overview

    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.

    Local Financial Insights For Healthcare Medical

    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 $198.7k $28.80
    − Vacancy −$17.9k −$2.59
    EGI $180.9k $26.21
    − OpEx −$72.3k −$10.48
    NOI $108.5k $15.72
    6,901 SF · lease $28.80/SF/yr · vacancy 9.00% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $1.55M
    $1.36M – $1.81M (±1% cap)
    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 (±1% cap)
    NOI $157,392 @ 7.0% cap · market cap 7.32%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical centers

    Suggested Use

    Clothing & Fashion Store Wine and Liquor Store (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Restaurant Pet Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Renton
    County
    King
    State
    Washington
    Longitude
    -122.2113294
    Latitude
    47.443221

    FAQs

    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.
    More about this property
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