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    206 Wls S Ave Renton, WA 98057-2130

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    206 Wls S Ave Renton, WA 98057-2130

    View on Map
    • Outlet malls
    • 5,700 SF
    • 0.26 lot acres
    Off-Market
    Last Sale Nov 25, 2025
    $1,535,000
    Property ID
    US90-1134637
    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
    $1,470,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 206 Wls S Ave

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.26 lot acres
    Property size
    5,700 SF
    Zone code
    CD
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    723150-1135
    APU
    7231501135

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,415,000
      6.5%
      $1,310,000
      7%
      $1,215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,507,000
      Market price range: $1.08M - $3.93M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,285,000
      Current use
      AUTO REPAIR, GARAGE
      $2,345,000
      Change: +3% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,020,000
      Change: -12% Conversion: Difficult
      MEDICAL BUILDING
      $1,960,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Renton
    County
    King
    State
    Washington
    Longitude
    -122.205
    Latitude
    47.481
    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
    $7,629
    $483,000
    $229,300
    $712,300
    -
    $483,000
    $229,300
    $712,300

    Comparable in this City

    • Value Estimation
      $2,190,000
      11,994 SF

      465 Rainier S Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 11,994 SF
      465 Rainier S Ave, Renton, WA 98057
      View Details
    • Value Estimation
      $22,680,000
      150,158 SF

      743 Rainier S Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 150,158 SF
      743 Rainier S Ave, Renton, WA 98057-3204
      View Details
    • Value Estimation
      $1,035,000
      6,848 SF

      120 Factory N Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 6,848 SF
      120 Factory N Ave, Renton, WA 98057-5531
      View Details
    • Value Estimation
      $20,740,000
      127,289 SF

      1215 Gdn N Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 127,289 SF
      1215 Gdn N Ave, Renton, WA 98057
      View Details
    • Value Estimation
      $22,880,000
      129,342 SF

      600 Gdn N Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 129,342 SF
      600 Gdn N Ave, Renton, WA 98057
      View Details
    • Value Estimation
      $25,135,000
      167,661 SF

      325 Rainier S Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 167,661 SF
      325 Rainier S Ave, Renton, WA 98057
      View Details

    Similar Nearby for Sale

    • $11,500,000

      Renton Retail/Commercial Building For Sale

      20,000 SF retail/commercial building with casino and parking.
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      Renton Retail, Showroom, Warehouse Space

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      Seattle Retail Restaurant Building For Sale

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      Renton Retail/Auto Sales Property

      Retail/auto sales property in Renton with expansion potential.
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      Historic Renton Mixed-Use Building

      Fully occupied mixed-use property in historic downtown Renton.
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      Prime Location Net Leased Investment

      Located in a high-traffic area near major businesses and retail.
      780 Logan Ave N, Renton, WA 98057
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    Similar Nearby for Lease

    • Contact for pricing

      Renton Retail Space For Lease

      Retail space available in Airport Plaza Shopping Center in Renton.
      54-68 Rainier Ave S, Renton, WA 98057
      View Details
    • $2,880 /Mo
      1,080 SF

      Airport Plaza Retail/Office Space

      Retail, office, and medical space in busy shopping center.
      54 Rainier Ave S, Renton, WA 98057
      View Details
    • $3,500 /Mo
      2,200 SF

      Downtown Renton Warehouse Style Space

      Unique 2,200 sq ft warehouse space in downtown Renton.
      205 Logan Ave S, Renton, WA 98057
      View Details
    • Contact for pricing
      5,980 SF

      Sunset Blvd Retail Sublease

      Highly visible retail space available for sublease on Sunset Blvd.
      350 Sunset Blvd N, Renton, WA 98057
      View Details
    • $12 SF/Yr
      3,530 SF

      Rainier Avenue Retail and Storage

      Retail space with warehouse basement storage on Rainier Avenue.
      2215 Rainier Ave South, Seattle, WA 98057
      View Details
    • Contact for pricing
      22,230 SF

      Retail Space in Seattle Available

      Retail property available for lease in Seattle, Washington.
      2701 Rainier Ave S, Seattle, WA 98057
      View Details
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    206 Wls S Ave
    Renton, WA 98057-2130
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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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