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Property profile & analytics
FOR LEASE
Medical Office Space
17800 Talbot Rd S Renton, WA 98055
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0588034
For Lease
1 / 3
$7,615,000
17800 Talbot Rd S, Renton, WA 98055
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1980
Construction
WOOD
Total area
16,837 SF
Lot
0.92 ac (39,982 SF)
Zoning code
CO
APN
761680-0030
UPID
US90-0588034
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
$7.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.86M
Blend (final)
Blend
$7.62M
Owner & transaction history
Hr Acquisition I Corporation · 4 yrs held
Hr Acquisition I Corporation
since 2022
Last sale
$8.4M
5 recorded transactions
Zoning & alternative use
CO · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.8M
+52.6%
Commercial (general)
$8.5M
+47.2%
Auto repair, garage
$6.9M
+19.7%
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
$7,440,000
ML approach
$7,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,790,000
Current use
RESTAURANT
$8,835,000
Change: +53% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,520,000
Change: +47% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,925,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$6,750,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,970,000
Change: +3% · Conversion: Moderate
OFFICE BUILDING
$5,950,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$4,975,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$7.62M
Range $6.85M – $8.38M · ±10% · vs last sale $8.35M (May 2 2022)
Last sale anchor
$8.35M
May 2 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
$452 / 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
$55,306
Tax year 2022
Assessed value
$5,746,600
Assessed 2022
Previous assessed
$5,746,600
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$919,500
Assessed improvement
$4,827,100
Land market value
$919,500
Improvement market value
$4,827,100
Total market value
$5,746,600
Applied tax rate
2,100.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1980
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Total area
16,837 SF
Lot
0.92 ac (39,982 SF)
Zoning code
CO
APN
761680-0030
UPID
US90-0588034
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
CO · Renton, WA
Zoning CO · permitted uses
CO · 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
MEDICAL BUILDING Current
Est. value
$5.8M
RESTAURANT
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$6.9M
RETAIL STORES
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
OFFICE BUILDING
Est. value
$6.0M
WAREHOUSE, STORAGE
Est. value
$5.0M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1980
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Hr Acquisition I Corporation
Entity
Mailing address
3310 W END AVE STE #700, NASHVILLE, TN 37203-1097
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
$8,350,000
Hr Acquisition I Corporation
R2r Investments LLC
Special Warranty Deed
—
Dec 21, 2017
—
R2r Investments LLC
—
Deed
related
$250,000 · Plaza Bank
Dec 20, 2017
—
R2r Investments LLC
—
Deed
related
$1,800,000 · Bay Commercial Bank
Oct 3, 2016
—
Pti Us Towers II LLC
—
Deed
related
$1,000,000,000 · Toronto Dominion Tx
Dec 30, 2002
$3,500,000
R2r Investments LLC
Doctor Place Of Renton LLC
Grant Deed
$2,050,000 · Ge Life & Annuity Assurance Co
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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