10700 174Th St Renton, WA 98055
Property profile & analytics
10700 174Th St Renton, WA 98055
- Medical Office Space
- 20,125 SF
- 0.83 lot acres
Property ID
US90-0161317
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Medical Office Space
Property Details for 10700 174Th St
- Year built
- 1978
- Construction
- WOOD
- Lot size
- 0.83 lot acres
- Property size
- 20,125 SF
- Zone code
- CA
- Property type
- Medical Office Space
- Property subtype
- Medical space
- APN
- 292305-9160
- APU
- 2923059160
Description
This exceptional investment opportunity presents a two-story, Class B medical office building located at 10700 SE 174th St, Renton, WA 98055, in King County. The Valley Professional Center encompasses 14,403 square feet of net rentable space, currently boasting an 89% occupancy rate. The property is offered at an asking price of $4,100,000, representing a price per square foot of $284.66 and a projected cap rate of 6.35%. The building features a multi-tenant configuration with a NNN lease structure, providing long-term stability and predictable income streams. The property's pro-forma net operating income (NOI) is calculated at $260,478, offering a strong return on investment. The property's location in the suburban Renton market provides convenient access to major transportation routes and a thriving professional community. The existing leases present an opportunity for a buyer to benefit from below-market rates, offering potential for future rental increases and enhanced profitability. The APN is 2923059160. This property is ideal for both investors seeking a stable, high-yield asset and owner-users looking to expand their business operations.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,545,000
- ML approach
- $3,520,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,820,000
- 6.5%
- $4,450,000
- 7%
- $4,135,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,620,000
Market price range: $3.62M - $9.38M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Renton
- County
- King
- State
- Washington
- Longitude
- -122.198
- Latitude
- 47.4468
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$30,760
$1,016,400
$1,803,000
$2,819,400
-
$1,016,400
$1,803,000
$2,819,400
