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    1800 NE 44Th St Renton, WA 98103
    Property profile & analytics

    1800 NE 44Th St Renton, WA 98103

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    • Commercial real estate
    • 19,000 SF
    • 1.50 lot acres
    For Lease
    $23 SF/Yr
    View Listing →
    Renton Office Space Available For Lease
    $23 SF/Yr
    2,240 SF

    Renton Office Space Available

    Office space available for rent in Renton, Washington.

    1800 NE 44th St, Renton, WA
    View Listing
    Property ID
    US90-0471121
    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.
    Value Estimations
    $4,870,000
    Cap Rate Potential
    6.3%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1800 NE 44Th St

    Year built
    1986
    Construction
    WOOD
    Lot size
    1.50 lot acres
    Property size
    19,000 SF
    Zone code
    CA
    Property type
    Commercial real estate
    APN
    334330-1140
    APU
    3343301140

    Description

    This exceptional retail opportunity is located at 1800 NE 44th St, Renton, WA 98056, within the 10,513 square foot 44 Center. This two-story building offers a vibrant neighborhood retail setting with excellent visibility and accessibility from the NE 44th Street I-405 Interchange. Currently, 2,400 square feet of retail space is available, perfect for a restaurant or similar establishment. The property boasts ample parking, providing 5.47 spaces per 1,000 square feet, ensuring convenient access for customers and employees. Its strategic location near the I-405 freeway provides easy access to major areas including Bellevue, Seattle, and SeaTac Airport, making it an ideal location to reach a wide customer base. The property is situated in King County and offers a fantastic chance for businesses seeking to establish or expand their presence in the thriving Renton market. This is a multi-tenant building, offering a collaborative and dynamic business environment. Don't miss this chance to secure a prime retail space in a high-traffic location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,065,000
      ML approach
      $4,945,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,345,000
      6.5%
      $4,935,000
      7%
      $4,580,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,810,000
      Market price range: $3.81M - $18.5M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Renton
    County
    King
    State
    Washington
    Longitude
    -122.194
    Latitude
    47.5327
    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
    $44,073
    $1,637,100
    $2,854,300
    $4,491,400
    -
    $1,637,100
    $2,854,300
    $4,491,400

    Comparable in this City

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      View Details
    • Value Estimation
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      24,915 SF

      3901 4th St

      COMMERCIAL (GENERAL) • 24,915 SF
      3901 4th St, Renton, WA 98056-4100
      View Details
    • Value Estimation
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      12,641 SF

      11905 Sunset NE Blvd

      COMMERCIAL (GENERAL) • 12,641 SF
      11905 Sunset NE Blvd, Renton, WA 98056
      View Details
    • Value Estimation
      $1,995,000
      15,420 SF

      3700 4th St

      COMMERCIAL (GENERAL) • 15,420 SF
      3700 4th St, Renton, WA 98056-4132
      View Details
    • Value Estimation
      $2,220,000
      15,321 SF

      1322 Lk Washington N Blvd

      COMMERCIAL (GENERAL) • 15,321 SF
      1322 Lk Washington N Blvd, Renton, WA 98056-0703
      View Details
    • Value Estimation by Request
      2,584 SF

      4047 Sunset Blvd

      COMMERCIAL (GENERAL) • 2,584 SF
      4047 Sunset Blvd, Renton, WA 98056
      View Details

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      New Retail Space in Renton

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      View Details
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      Renton Highlands Retail Space Available

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      Renton Retail Space For Rent

      Retail space for rent in a great Renton location.
      1717 44Th St, Renton, WA 98056
      View Details
    View Listing
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    1800 NE 44Th St
    Renton, WA 98103
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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