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Property profile & analytics
FOR LEASE
Retail properties & Spaces
17605 108Th Ave SE Renton, WA 98055
Entity Owned
7-yr Hold
Free & Clear
Property ID
US90-0692043
No photos on file
For Lease
$22,450,000
17605 108Th Ave SE, Renton, WA 98055
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
189,520 SF
Lot
12.5 ac (544,650 SF)
Zoning code
CA
APN
322305-9016
UPID
US90-0692043
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$22.45M
Owner & transaction history
3503 Rp Renton N Benson LLC · 7 yrs held
3503 Rp Renton N Benson LLC
since 2019
Last sale
$7,290
7 recorded transactions
Zoning & alternative use
CA · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Renton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Renton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$118 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$197,378
Tax year 2022
Assessed value
$18,511,900
Assessed 2022
Previous assessed
$18,511,900
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$14,705,500
Assessed improvement
$3,806,400
Land market value
$14,705,500
Improvement market value
$3,806,400
Total market value
$18,511,900
Applied tax rate
2,128.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Lease
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
189,520 SF
Lot
12.5 ac (544,650 SF)
Zoning code
CA
APN
322305-9016
UPID
US90-0692043
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CA · Renton, WA
Zoning CA · permitted uses
CA · Renton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Renton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
12.5 ac
Current owner
From public records · entity-resolved
3503 Rp Renton N Benson LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1014 VINE ST, CINCINNATI, OH 45202-1141
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2019
$25,340,000
3503 Rp Renton N Benson LLC
Trimark-north Benson LP
Grant Deed
—
Mar 13, 2019
—
3503 Rp Renton N Benson LLC
Trimark-north Benson LP
Grant Deed
related
—
Feb 14, 2017
—
Trimark-north Benson LP
—
Deed
related
$16,500,000 · Boeing Emps Cu
Sep 21, 2007
$32,795,000
Fred Meyer Stores INC
Petro Benson LLC
Grant Deed
—
Apr 9, 2007
—
State Of Wa Dept/transportation
Petro Benson LLC
Quit Claim Deed
related
—
Dec 29, 2005
—
Sharis Management Corp
—
Deed Of Trust
related
$38,550,000 · Wells Fargo Foothill INC
Jan 22, 2003
—
Petro Benson LLC
Petro Benson LP
Quit Claim Deed
related
$23,250,000 · Transamerica Life Insurance Co
Jan 14, 2003
—
Petro Benson LLC
Petro Benson LP
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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