Built-Out Office Suite For
321 Burnett Ave S Renton, WA 98057
321 Burnett Ave S, Renton, WA, 98057
$995,000
For Sale
$995,000
881 SF office suite with 6 private offices.
Property Size3,881 SF
Price / SF$256.38
Days on Market105
Property Features for 321 Burnett Ave S
General Information
- Standard status
- Active
- Size
- 3,881 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing agency
ROB GASCA REAL ESTATE GROUP
Listed by
JOHN ROCHFORD
Source
Corcoran
Added: Apr 8 Updated: Jul 10 at 12:24PM Checked: Jul 21 at 5:16AM
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 ROB GASCA REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
Suite 200, comprising 881 square feet, is a fully built-out office space. The layout includes 6 private office suites, a conference room, a reception area, and a break room. It also features two restrooms and ample storage space. Access to the suite is provided via a staircase with secure access and direct elevator access. The common areas, including the roof, HVAC, security access, and elevator, are managed by the HOA.
Key Highlights
- Fully built‑out office featuring 6 private suites, conference room, reception, break room, 2 restrooms, and storage.
- Enjoy direct elevator access to your suite.
- Secure access also available through the staircase.
Local Financial Insights For Office B
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 | $128.1k | $33.00 |
| − Vacancy | −$36.5k | −$9.41 |
| EGI | $91.6k | $23.60 |
| − OpEx | −$22.9k | −$5.90 |
| NOI | $68.7k | $17.70 |
3,881 SF · lease $33.00/SF/yr · vacancy 28.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$981.1K
$858.5K – $1.14M
NOI $68,679 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M
NOI $88,515 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - 881 SF office suite with 6 private offices.
Where is this office units located?
The property is located at 321 Burnett Ave S Renton, WA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Fully built‑out office featuring **6 private suites**, conference room, reception, break room, 2 restrooms, and storage.; Enjoy direct elevator access to your suite.; Secure access also available through the staircase.
