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Property profile

263 Rainier Ave Renton, WA 98057

OFF-MARKET
Office Spaces
11,619 SF Built 1980
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Property summary

AI-generated overview

This 11,619 square foot Class C office building, built in 1980 and renovated in 2000, is situated on a 28,852 square foot lot in booming Downtown Renton, WA (98057). The property, located at 263 Rainier Ave S, benefits significantly from the ongoing Rainier Avenue South improvement project, enhancing pedestrian access and traffic flow. Currently vacant, the building boasts excellent bones and is well-maintained, featuring a fully built-out interior with exam rooms, conference rooms, private offices, and a reception area (approximately 8,122 square feet). An additional 3,496 square feet of open grey shell space offers flexibility. Amenities include renovated restrooms, impressive natural lighting with large bay windows, recently refreshed exterior paint, and a covered parking area with updated wheel stops. The building also includes an elevator and is ADA compliant. The property is zoned CA and offers beautiful city views. This is a prime opportunity to acquire a versatile office building in a rapidly growing area, ideally suited for medical or general office use. The asking price is $2,950,000 ($253.89/sq ft). The King County APN is 1823059033.

Property profile

Verified
Property type Office Spaces
Year built 1980
Total area 11,619 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

263 Rainier Ave Renton, WA 98057
Renton metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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