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Property profile & analytics
FOR LEASE
Commercial real estate
1800 NE 44Th St, Renton, WA 98056
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0471121
For Lease
1 / 3
$23 SF/Yr
1800 NE 44Th St, Renton, WA 98056
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1986
Construction
WOOD
Total area
19,000 SF
Lot
1.5 ac (65,485 SF)
Zoning code
CA
APN
334330-1140
UPID
US90-0471121
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
$4.95M
CAP Approach
CAP
$4.94M
Comparable Approach
Comparable
$6.81M
Blend (final)
Blend
$4.87M
Owner & transaction history
Jason Montgomery Omenn · 4 yrs held
Jason Montgomery Omenn
since 2021
Last sale
$4.7M
4 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
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
Blend value · Realmo final
$4.87M
Range $4.38M – $5.36M · ±10% · vs last sale $4.70M (Oct 18 2021)
Last sale anchor
$4.70M
Oct 18 2021
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
$256 / 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
$44,073
Tax year 2022
Assessed value
$4,491,400
Assessed 2022
Previous assessed
$4,491,400
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$1,637,100
Assessed improvement
$2,854,300
Land market value
$1,637,100
Improvement market value
$2,854,300
Total market value
$4,491,400
Applied tax rate
2,151.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1986
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Total area
19,000 SF
Lot
1.5 ac (65,485 SF)
Zoning code
CA
APN
334330-1140
UPID
US90-0471121
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
1986
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Lot
1.5 ac
Current owner
From public records · entity-resolved
Jason Montgomery Omenn
Individual
Mailing address
403 MADISON AVE N STE #230, BAINBRIDGE ISLAND, WA 98110-2822
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2021
$4,700,000
Jason Montgomery Omenn
Petporcheman LLC
Warranty Deed
$3,055,000 · Columbia State Bank
May 16, 2019
—
Department Of Transportation
Petporcheman LLC
Quit Claim Deed
related
—
Mar 19, 2019
—
Petporcheman LLC
Deitch,michael J
Correction Deed
related
—
Apr 18, 2018
—
Petporcheman LLC
Deitch,michael J
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.
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