Built-Out Office Suite with
321 Burnett Ave S, Renton, WA 98057
For Sale
Contact for pricing
Suite 200 offers 6 private offices, conference room, reception, break room, storage, and two restrooms.
Property Size3,881 SF
Price / SF$256.38
Days on Market221
Property Features for 321 Burnett Ave S
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
conference room
reception area
break room
storage space
restrooms
secure access
elevator
roof
HVAC
common areas
Listing Agency:
Rob Gasca Real Estate Group
(206) 203-4602
Listed By:
Alex Ardiente
(425) 273-3386
Source:
Moodyscre
Added: Apr 8
Changed: Oct 26
Last Checked: Nov 14 at 2:34AM
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
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Investment Insights
Based on property information with market context.
Suite 200 is a fully built-out office space designed for multiple work areas. The layout includes six private office suites, a conference room, reception area, break room, two restrooms, and ample storage space. Secure access is provided through a staircase, and there is direct access through an elevator.
Common area services are managed by the HOA, including roof, HVAC, common areas, security access, and elevator management.
This suite’s configuration supports day-to-day office use with separate private offices alongside shared reception, conference, and break functions.
Common area services are managed by the HOA, including roof, HVAC, common areas, security access, and elevator management.
This suite’s configuration supports day-to-day office use with separate private offices alongside shared reception, conference, and break functions.
Key Highlights
- Suite 200 with 3,881 SF of fully built‑out office space
- Includes 6 private office suites plus a conference room and reception area
- Break room, ample storage space, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,679
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,373,580
$1.4M
Cap Rate 7%
$981,129
$981.1K
Cap Rate 9%
$763,100
$763.1K
Market Conditions
NOI Build-Up for 3,881 SF
Gross rent
$128.1K $33.00/SF
− Vacancy
−$36.5K −$9.41/SF
EGI
$91.6K $23.60/SF
− OpEx
−$22.9K −$5.90/SF
NOI
$68.7K $17.70/SF
Area
Renton, WA
Vacancy
28.50%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,373,580
Cap Rate 7%
$981,129
Cap Rate 9%
$763,100
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,041
Businesses Nearby
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Business Placement
Demographics for 98057, WA
13,493
Population
6,656
Households
2
Avg Household Size
38
Median Age
34%
College-Educated
92%
High-School Grad
6.2 sq mi
ZIP Area
2,176
Density / Sq Mi
$68,097
Median Household Income
$53,994
Median Earnings
$1,767
Median Rent
$606,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in King County, WA
Properties on Market for Office Units in King County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Suite 200 offers 6 private offices, conference room, reception, break room, storage, and two restrooms.
Where is this office unit 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: Suite 200 with 3,881 SF of fully built‑out office space; Includes 6 private office suites plus a conference room and reception area; Break room, ample storage space, and two restrooms
