21505 Renton-Maple Vly Rd, Maple Valley, WA 98038
Multi-tenant retail, office, and industrial property in Maple Valley.
- Added:
- Oct 26, 2024
- Days on Market:
- 619
- Last Refresh:
- May 12 at 8:24 pm
Property Features for 21505 Renton-Maple Vly Rd
General Information
- Standard status
- Active
- Size
- 8,320 SF
- Lot size
- 1.26 Acres
- Property subtype
- Industrial, Office, Retail
Listing office Neil Walter Company
Listing date Oct 26, 2024
Source Crexi
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 Neil Walter Company
HighLights
- Value‑add opportunity with multi‑tenant retail, office, and industrial spaces.
- Proforma 6.5% (+) cap rate.
- 8,320 total sf building on 1.26 acres with ample parking.
- Includes an industrial shop with 3 roll‑up doors.
- Suitable for investors or owner/users with up to 2,400 sf available.
- Located in Maple Valley, WA.
Overview
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 | $299.5k | $36.00 |
| − Vacancy | −$65.6k | −$7.88 |
| EGI | $233.9k | $28.12 |
| − OpEx | −$58.5k | −$7.03 |
| NOI | $175.4k | $21.09 |
Alternative Uses
Current Use by Public Records
Map
- City
- Maple Valley
- County
- King
- State
- Washington
- Longitude
- -122.019
- Latitude
- 47.4066
