Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    21505 Renton-Maple Vly Rd Maple Valley, WA 98038

    Sponsored
    For Sale
    $2,400,000

    Multi-tenant retail/office building, high traffic location.

    Property size:
    8,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 8,320 square foot multi-tenant retail, office, and industrial storefront building situated in Maple Valley, Washington. Located at 21505 Renton-Maple Vly Rd, 98038, this property boasts a prime location on State Route 169 (SE Renton Maple Valley Road) and Highway 18, ensuring high visibility and traffic. The building sits on a 1.26-acre lot providing ample parking for tenants and customers. Currently housing four tenants, the property offers a strong 5.59% cap rate and presents an immediate income stream. With a total of five units, there is up to 2,400 square feet of space available for lease, providing an owner-user opportunity or further investment potential. The building features three roll-up doors, ideal for industrial or retail uses. Renovations were completed in phases, with work done in 1971 and 1990. The property is zoned NB and offers a total net rentable area of 8,320 square feet. The asking price for this well-maintained and strategically located property is $2,400,000. This is a rare opportunity to acquire a profitable multi-tenant property in a high-growth area.

    Property Features for 21505 Renton-Maple Vly Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    8,320 SF
    Lot Size
    54,886 SF

    Building Details

    Year Renovated
    1971
    Units
    5

    HighLights

    • 8,320 SF multi‑tenant retail/office building on a 1.26‑acre lot with ample parking in Maple Valley, WA.
    • Investment or owner‑user opportunity; 5.59% cap rate, four tenants, and up to 2,400 SF available for lease.
    • High‑traffic location on SR 169 (SE Renton Maple Valley Rd) and Hwy 18.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Maple Valley
    County
    King
    State
    Washington
    Longitude
    -122.03871778204
    Latitude
    47.409111206233

    Nearby Comparable

    • $2,100,000
      2,400 SF

      Maple Valley Retail/Office/Industrial Building

      Multi-tenant retail, office, and industrial building with value-add potential.
      21505 Renton Maple Valley Rd SE, Maple Valley, WA 98038
      View Details
    • $895,000
      3,216 SF

      Retail/Office Space with Shop/Warehouse

      Retail/office space with detached shop/warehouse and fenced yard/parking.
      22805 SE 216Th Way, Maple Valley, WA 98038
      View Details
    • $3,760,000
      13,824 SF

      Maple Valley Automotive Investment Opportunity

      Net-leased auto body repair and towing property in Maple Valley.
      23821 SE 264Th St, Maple Valley, WA 98038
      View Details
    • $3,760,000

      Maple Valley Auto Shop Investment

      Prime location auto shop with corporate lease and renewal.
      23765-23831 SE 264Th St, Maple Valley, WA 98038
      View Details
    • $279,500
      2.51 Acres

      Kent 2.51-Acre Residential Land

      Build your dream home on this peaceful, fenced lot.
      228xx 178Th Ave, Kent, WA 98042
      View Details
    • $450,000
      1,782 SF

      Triple-Wide Home in 55+ Community

      Spacious home with amenities in a gated 55+ community.
      21628 SE 272Nd Pl, Maple Valley, WA 98038
      View Details
    • $1,950,000

      New Flex/Warehouse/Office Space For Sale

      New construction flex/warehouse/office space with roll-up doors.
      14497 Cedar Grove Rd SE Issaquah, Issaquah, WA 98027
      View Details
    • $850,000
      2,051 SF

      Office/Retail Condo Ready

      Office/Retail condo for sale, ready for improvements.
      14509 Cedar Grove Rd SE Issaquah, Issaquah, WA 98027
      View Details

    Nearby Similar for Sale

    • $3,760,000
      13,824 SF

      Maple Valley Automotive Investment Opportunity

      Net-leased auto body repair and towing property in Maple Valley.
      23821 SE 264Th St, Maple Valley, WA 98038
      View Details
    • $450,000
      1,782 SF

      Triple-Wide Home in 55+ Community

      Spacious home with amenities in a gated 55+ community.
      21628 SE 272Nd Pl, Maple Valley, WA 98038
      View Details
    • $895,000
      3,216 SF

      Retail/Office Space with Shop/Warehouse

      Retail/office space with detached shop/warehouse and fenced yard/parking.
      22805 SE 216Th Way, Maple Valley, WA 98038
      View Details
    • $3,760,000

      Maple Valley Auto Shop Investment

      Prime location auto shop with corporate lease and renewal.
      23765-23831 SE 264Th St, Maple Valley, WA 98038
      View Details
    • $2,100,000
      2,400 SF

      Maple Valley Retail/Office/Industrial Building

      Multi-tenant retail, office, and industrial building with value-add potential.
      21505 Renton Maple Valley Rd SE, Maple Valley, WA 98038
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Multi-tenant retail/office building, high traffic location.
    Where is this individual retail property located?
    The property is located at 21505 Renton-Maple Vly Rd Maple Valley, WA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 8,320 SF multi-tenant retail/office building on a 1.26-acre lot with ample parking in Maple Valley, WA.; Investment or owner-user opportunity; 5.59% cap rate, four tenants, and up to 2,400 SF available for lease.; High-traffic location on SR 169 (SE Renton Maple Valley Rd) and Hwy 18.
    Request Owner's contact information
    21505 Renton-Maple Vly Rd Maple Valley, WA 98038
    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.
    21505 Renton-Maple Vly Rd
    Maple Valley, WA 98038
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    21505 Renton-Maple Vly Rd Maple Valley, WA 98038
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.