Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    700 Renton Village Pl Renton, WA 98057

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Renton office suites, flexible sizes, prime location.

    Lot size:
    143,068 SF

    Property Features for 700 Renton Village Pl

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    143,068 SF
    Class
    B
    Total Rate
    286136

    Building Details

    Year Built/Renovated
    1986/1995
    Stories
    7

    Spaces For Lease

    at 700 Renton Village Pl, Renton, WA 98057 Contact us
    Unit FLOOR 4, SUITE 400

    $25 /Mo

    Size
    12,484 SF
    Contact us
    Unit Floor 1, Suite 110

    $25 /Mo

    Size
    2,156 SF
    Contact us

    We can help!

    Listing Contact
    Cavan O'Keefe
    Cavan O'Keefe

    Listing Agency: Newmark Seattle Listing Agent: Cavan O'Keefe

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

    Learn more

    Property Insight Report

    Overview

    Triton Tower Two, a Class B office building located at 700 S Renton Village Pl, Renton, WA 98057, offers exceptional office space for lease. This seven-story building, constructed in 1986 and renovated in 1995, boasts a total of 143,068 square feet. The property is zoned CO and sits on a 6.24-acre lot in King County. Multiple tenancy options are available, with spaces ranging from a minimum of 888 square feet to a maximum contiguous space of 12,484 square feet. Currently, 21,635 square feet of space is vacant. The building provides ample parking with 900 spaces available for tenants and visitors. Triton Tower Two is ideally suited for both executive and medical office uses, offering a versatile and convenient location in Renton. This property presents a unique opportunity to secure high-quality office space in a well-maintained building with convenient amenities and ample parking. Inquire today to learn more about available spaces and lease terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Renton
    County
    King
    State
    Washington
    Longitude
    -122.2092873
    Latitude
    47.4701074

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      Triton Towers Three

      All-inclusive access to workspace, virtual office and meeting rooms in 505 Montgomery
      707 Grady Way, Renton, WA 98057
      View Details
    • Contact for pricing

      Renton Office Space For Lease

      Office space with freeway access, conference centers, and parking.
      707 S Grady Way, Renton, WA 98057
      View Details
    • Contact for pricing

      Renton Office Space For Lease

      Office space with freeway access, conference centers, and parking.
      700 S Renton Village Pl, Renton, WA 98057
      View Details
    • Contact for pricing

      Renton Office Space For Lease

      Office space with freeway access, conference centers, and parking.
      555 S Renton Village Pl, Renton, WA 98057
      View Details
    • Contact for pricing
      118,409 SF

      Renton Office Building For Lease

      Office building with 118,409 square feet available for lease.
      1300 Southwest 27Th St, Renton, WA 98057
      View Details
    • Contact for pricing
      136,800 SF

      Renton Specialty Property for Lease

      Specialty property available for lease in Renton, Washington.
      1020 Thomas Ave SW, Renton, WA 98057
      View Details
    • Contact for pricing

      Adaptable Space in Renton, WA

      Versatile property suitable for office, retail, or mixed-use applications.
      Renton, WA 98057
      View Details
    • $16 SF/Yr
      4,913 SF

      Renton Office Space Available

      Office space available for lease in Renton, Washington.
      Naches Ave SW 580, Renton, WA 98057
      View Details
    • $25 SF/Yr
      2,240 SF

      Renton Office Space Available

      Office space available for rent in Renton, Washington.
      1800 NE 44Th St, Renton, WA 98103
      View Details
    • $16 SF/Yr
      4,565 SF

      Renton Office Space Available

      Office space available for lease in Renton, Washington.
      1000 Oakesdale Ave SW, Renton, WA 98057
      View Details
    • $24 SF/Yr
      29,271 SF

      Renton Office Space For Lease

      Office space for lease in Renton with ample parking.
      429 SW 41St St, Renton, WA 98057
      View Details
    • Contact for pricing
      1,277 SF

      Urban-Village Shopping Center Retail Space

      Retail space available in a large urban-village shopping center.
      1215 N Landing Way, Renton, WA 98055
      View Details

    FAQs

    What type of property is this?
    Medical office - Renton office suites, flexible sizes, prime location.
    Where is this medical office located?
    The property is located at 700 Renton Village Pl Renton, WA.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    (206) 395-2903 Call to check price and availability
    Request Owner's contact information
    700 Renton Village Pl 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.
    700 Renton Village Pl
    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
    700 Renton Village Pl 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cavan O'Keefe
    Cavan O'Keefe
    Real Estate License ID: 26433
    (206) 395-2903
    Learn more
    Google sign-in failed. Please try again or use another login method.