Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    865-901 Rainier Ave Renton, WA 98057
    Back to Search
    Property profile & analytics

    865-901 Rainier Ave, Renton, WA 98057

    View on Map
    • Office Spaces
    • 27,912 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 865-901 Rainier Ave

    Property type
    Office Spaces
    Property subtype
    Industrial properties

    Description

    This exceptional Renton, Washington property, known as Renton Business Park, offers 27,912 square feet of flexible commercial space, ideally suited for a variety of businesses. The building comprises three suites, currently featuring 5,280 square feet of vacant space. Available units range from 1,440 to 1,920 square feet, providing options for businesses of varying sizes. Located in King County's desirable Renton submarket, this property boasts a strategic location, though it's classified as "Out of Submarket" within the broader Seattle area. The building's design incorporates practical features for both industrial and office uses. Ground floor units benefit from convenient front and rear entrances, enhancing accessibility and operational efficiency. Second-floor office suites offer a distinct advantage with private balconies, providing employees with outdoor access and a pleasant work environment. While parking is not provided on-site, the property's location may offer convenient access to alternative parking solutions. This property presents a unique opportunity to secure flexible, high-quality commercial space in a thriving Renton location. The available space is ready for immediate occupancy, allowing businesses to quickly establish their operations. Interested parties are encouraged to inquire further to explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Renton
    County
    King
    State
    Washington
    Longitude
    -122.22
    Latitude
    47.4975

    Comparable in this City

    • Value Estimation by Request
      132,000 SF

      801 16Th St

      Life science properties
      801 16Th St, Renton, WA 98057
      View Details
    • Value Estimation by Request
      15,317 SF

      580 Naches Ave

      Office Spaces
      580 Naches Ave, Renton, WA 98057
      View Details
    • Value Estimation by Request
      1,529 SF

      4180 Lind Ave

      Office Spaces
      4180 Lind Ave, Renton, WA 98057
      View Details
    • Value Estimation by Request
      11,619 SF

      263 Rainier Ave

      Office Spaces
      263 Rainier Ave, Renton, WA 98057
      View Details
    • Value Estimation by Request

      520 Rainier Ave

      Office Spaces
      520 Rainier Ave, Renton, WA 98057
      View Details
    • Value Estimation by Request
      17,080 SF

      560 Naches Ave

      Office Spaces
      560 Naches Ave, Renton, WA 98057
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,576 SF

      Multi-Tenant Building Near SR 167

      Multi-tenant building with lease income and owner-user potential.
      2500 E Valley Rd, 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 in Kent business park.
      720 SW 34Th St, 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
    • $10,300,000
      29,628 SF

      Temperature Controlled Facility For Sale

      29,628 SF temperature controlled facility with showroom potential.
      720 34Th St, Renton, WA 98057
      View Details
    • $2,700,000

      Versatile Mixed-Use Building For Sale

      12,520 SF building with warehouse and office space.
      235 Airport Way S, Renton, WA 98057
      View Details

    Similar Nearby for Lease

    • $226,608
      9,442 SF

      Renton Flex Space Available

      Flex space with offices, break room, and open area.
      401 41St St, Renton, WA 98057
      View Details
    • Contact for pricing

      Renton Commercial Real Estate Space

      Commercial real estate space available for rent in Renton, Washington.
      865-901 Rainier Ave N, Renton, WA 98057
      View Details
    • $5,204 /Mo
      3,469 SF

      Renton Medical/Office Flex Space

      Versatile space in downtown Renton with renovated common areas.
      263 Rainier Ave S, Renton, WA 98057
      View Details
    • Sponsored
      Contact for pricing

      Triton Towers Three

      Discover many ways to work your way in Triton Towers Three
      707 Grady Way, Renton, WA 98057
      View Details
    • Contact for pricing
      12,218 SF

      Renton Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for rent in Renton.
      401-423 SW 41St St, Renton, WA 98057
      View Details
    • Contact for pricing
      10,797 SF

      Renton Flex Space Available

      10,797 SF flex space available in Renton, Washington.
      2200 Lind Ave SW, Renton, WA 98057
      View Details
    Request Owner's contact information
    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.
    865-901 Rainier Ave
    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
    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

    Thank You for Inquiry
    865-901 Rainier Ave, Renton, WA, 98057
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!