Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    351 Park Ave N Renton, WA 98057

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail property available for sale in Renton, Washington.

    Property size:
    2,630 SF
    Lot size:
    15,000.00 Acres

    Property Features for 351 Park Ave N

    General Information

    Standard status
    Active
    Zoning
    CA
    Size
    2,630 SF
    Lot size
    15,000.00 Acres

    Building Details

    Year built
    1958

    We can help!

    Listing Contact
    Kevin Verger
    Source: Crexi

    Listing Agency: Kidder Mathews Bellevue Listing Agent: Kevin Verger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renton Retail Opportunity

    This commercial real estate offering features a 2,630-square-foot retail space suitable for an owner-user or value-add opportunity. The property is located in Renton, Washington.
    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Building Supply Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Renton
    County
    King
    State
    Washington
    Longitude
    -122.216
    Latitude
    47.4831

    Nearby Similar for Sale

    • $3,850,000
      10,068 SF

      Renton Retail/Auto Sales Property

      Retail/auto sales property in Renton with expansion potential.
      720 Rainier Ave South, Renton, WA 98057
      View Details
    • New
      $3,300,000

      Renton Investment Property For Sale

      Single-tenant net-leased investment property with a 14-year lease.
      3205 4Th St, Renton, WA 98056
      View Details
    • $2,950,000
      9,882 SF

      941 Powell Avenue Southwest, Renton, WA, 98057

      Office buildings • 9,882 SF
      941 Powell Ave Southwest, Renton, WA 98057
      View Details
    • $1,200,000

      Restaurant Opportunity in Downtown Renton

      Restaurant with full build-out and on-site parking for sale.
      351 Park Ave N, Renton, WA 98057
      View Details
    • $1,200,000

      Prime Commercial Property on Park

      Commercial property with patio, bar, kitchen, and parking.
      351 Park Ave N, Renton, WA
      View Details
    • $3,950,000

      Renton Office Space For Sale

      High-quality office space in Renton, near various amenities and lodging.
      200 SW 41St St, Renton, WA 98057
      View Details
    • Contact for pricing

      Prime Location Net Leased Investment

      Located in a high-traffic area near major businesses and retail.
      780 Logan Ave N, Renton, WA 98057
      View Details
    • Contact for pricing

      Renton Office Space For Sale

      Six-story office building with convenient highway access and ample parking.
      15 S Grady Way, Renton, WA 98057
      View Details
    • $1,300,000
      1,755 SF

      Renton Flex Space with Secured Yard

      Flex space with secured yard, convenient access to major highways.
      1500 Raymond Ave SW, Renton, WA 98057
      View Details
    • Contact for pricing

      Climate Controlled Industrial Space

      29,628 SF thermoregulated warehouse with retail showroom potential.
      720 SW 34Th St, Renton, WA 98057
      View Details
    • $1,090,000

      Multifamily Property in Renton

      Six-unit multifamily property with recent renovations in Renton, Washington.
      150 Hardie Ave SW, Renton, WA 98057
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space in Renton's new commercial district.
      1901 Oakesdale Ave Southwest, Renton, WA 98057
      View Details

    FAQs

    What type of property is this?
    Retail property - Retail property available for sale in Renton, Washington.
    Where is this retail property located?
    The property is located at 351 Park Ave N Renton, WA.
    What are key features of this property?
    This property features: - Ideal owner-user opportunity; - Value-add opportunity; - Year built: 1958
    Request Owner's contact information
    351 Park Ave N Renton, WA 98057
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    351 Park Ave N
    Renton, WA 98057
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    351 Park Ave N Renton, WA 98057
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kevin Verger
    Real Estate License ID: 26206
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!