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Property profile & analytics
FOR SALE
Retail space
17615 140 Ave SE, Renton, WA 98058
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1188268
For Sale
1 / 2
$6,560,000
17615 140 Ave SE, Renton, WA 98058
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,892 SF
Lot
1.57 ac (68,226 SF)
Zoning code
CB
APN
247390-0020
UPID
US90-1188268
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
$6.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.23M
Blend (final)
Blend
$6.56M
Owner & transaction history
Tsang Enterprises LLC · 3 yrs held
Tsang Enterprises LLC
since 2022
Last sale
$7.6M
6 recorded transactions
Zoning & alternative use
CB · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.9M
+30.9%
Commercial (general)
$8.6M
+26.2%
Auto repair, garage
$7.0M
+2.6%
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
Method
Estimation
Statistic approach
$5,880,000
ML approach
$6,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,775,000
Current use
RESTAURANT
$8,865,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$8,550,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,950,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,990,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$5,970,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$5,810,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$6.56M
Range $5.90M – $7.22M · ±10% · vs last sale $7.59M (Dec 29 2022)
Last sale anchor
$7.59M
Dec 29 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$388 / 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
$81,755
Tax year 2022
Assessed value
$7,110,200
Assessed 2022
Previous assessed
$7,110,200
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$2,251,400
Assessed improvement
$4,858,800
Land market value
$2,251,400
Improvement market value
$4,858,800
Total market value
$7,110,200
Applied tax rate
5,103.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
OTHER
Stories
1
Total area
16,892 SF
Lot
1.57 ac (68,226 SF)
Zoning code
CB
APN
247390-0020
UPID
US90-1188268
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CB · Renton, WA
Zoning CB · permitted uses
CB · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.8M
RESTAURANT
Est. value
$8.9M
COMMERCIAL (GENERAL)
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
OFFICE BUILDING
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.8M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Lot
1.57 ac
Current owner
From public records · entity-resolved
Tsang Enterprises LLC
Entity
Mailing address
3215 HUNTS PT RD, HUNTS POINT, WA 98004-1119
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
—
Tsang Enterprises LLC
Pine21 Acquisitions LLC
Assignment Of Lease (leasehold Sale)
—
Dec 29, 2022
$7,590,000
Tsang Enterprises LLC
Pine21 Acquisitions LLC
Special Warranty Deed
—
Jul 8, 2021
$7,200,000
Pine21 Acquisitions LLC
Bluebird Renton Wa LLC
Special Warranty Deed
$30,000,000 · Arrow Clermont Fl LLC
Jul 25, 2013
$6,645,000
Bluebird Renton Wa LLC
Coffee Street Properties LLC
Grant Deed
—
Mar 9, 2007
—
Gunna-fairwood II LLC
—
Deed Of Trust
related
$7,000,000 · Wells Fargo Bank
Dec 13, 2006
$7,450,000
Coffee Street Properties LLC
Gunna-fairwood II LLC
Warranty Deed
—
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.
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