Renton Office Space For
200 SW 41st St, Renton, WA 98057
High-quality office space in Renton, near various amenities and lodging.
Type:Office
Property size:
13,385 SFPrice / SF:
$295/SF- Added:
- Jan 26, 2026
- Days on Market:
- 111
- Last Refresh:
- Apr 5 at 8:42 pm
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 agent Mike Hemphill (206) 336-5325
Listing office The Andover Company, Inc. (206) 336-5325
Listing date Jan 26, 2026
Source Corfac
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.
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.
- Located one block from IKEA.
- Surface parking at 4/1,000 square feet in a lighted parking lot.
- Building constructed in 2006.
Overview
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.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.63M
NOI $236,864 @ 9.00% cap · cautious / downside scenario
Moderate
$3.38M
NOI $236,864 @ 7.00% cap · market / base-case scenario
Aggressive
$4.74M
NOI $236,864 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| 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 Use Scenarios
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 local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Renton
- County
- King
- State
- Washington
- Longitude
- -122.356
- Latitude
- 47.6566
Nearby Similar for Sale
FAQs
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.
