Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    234 16th St Renton, WA 98057-3133

    • Warehouses
    • 3,330 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3223094
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 234 16th St

    Year built
    1975
    Construction
    WOOD
    Lot size
    0.35 lot acres
    Property size
    3,330 SF
    Zone code
    IM
    Property type
    Warehouses
    APN
    334040-3645
    APU
    3340403645

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $610,000
      6.5%
      $565,000
      7%
      $525,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $805,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Renton
    County
    King
    State
    Washington
    Longitude
    -122.221
    Latitude
    47.4663
    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
    $7,033
    $338,800
    $356,100
    $694,900
    -
    $338,800
    $356,100
    $694,900

    Comparable in this City

    • Value Estimation
      $17,515,000
      133,922 SF

      4060 Lind SW Ave

      WAREHOUSE, STORAGE • 133,922 SF
      4060 Lind SW Ave, Renton, WA 98057-4902
      View Details
    • Value Estimation
      $8,750,000
      78,572 SF

      2900 Lind SW Ave

      WAREHOUSE, STORAGE • 78,572 SF
      2900 Lind SW Ave, Renton, WA 98057-3332
      View Details
    • Value Estimation by Request
      4,514 SF

      501 12th St

      WAREHOUSE, STORAGE • 4,514 SF
      501 12th St, Renton, WA 98057-3150
      View Details
    • Value Estimation
      $5,605,000
      45,421 SF

      1010 34th St

      WAREHOUSE, STORAGE • 45,421 SF
      1010 34th St, Renton, WA 98057-4813
      View Details
    • Value Estimation
      $5,185,000
      44,800 SF

      875 7th St

      WAREHOUSE, STORAGE • 44,800 SF
      875 7th St, Renton, WA 98057-2913
      View Details
    • Value Estimation
      $1,430,000
      8,811 SF

      1100 Bronson N Way

      WAREHOUSE, STORAGE • 8,811 SF
      1100 Bronson N Way, Renton, WA 98057
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Climate Controlled Industrial Space

      29,628 SF thermoregulated warehouse in Kent business park.
      720 SW 34Th St, Renton, WA 98057
      View Details
    • $7,425,000
      32,788 SF

      Renton Retail, Showroom, Warehouse Space

      Retail, showroom, and warehouse with parking/yard storage for sale.
      1300 Bronson Way N, Renton, WA 98057
      View Details
    • Contact for pricing
      30,576 SF

      Multi-Tenant Building Near SR 167

      Multi-tenant building with lease income and owner-user potential.
      2500 E Valley Rd, Renton, WA 98057
      View Details
    • Contact for pricing
      32,788 SF

      Renton Retail/Showroom/Warehouse Opportunity

      64,861 SF land with 32,788 SF retail/warehouse building.
      1300 Bronson Way N, Renton, WA 98057
      View Details
    • $2,700,000

      Versatile Mixed-Use Building For Sale

      12,520 SF building with warehouse and office space.
      235 Airport Way S, Renton, WA 98057
      View Details
    • Contact for pricing
      6,540 SF

      Waterfront Warehouse with Development Potential

      Seattle waterfront warehouse with moorage and redevelopment potential.
      653 NW 41St St, Seattle, WA 98057
      View Details

    Similar Nearby for Lease

    • $24,000
      20,000 SF

      Renton Warehouse with Flexible Space

      Warehouse space in North Kent Valley with flexible lease terms.
      4051 Oakesdale Ave SW, Renton, WA 98057
      View Details
    • Contact for pricing

      Renton Flex Space Available

      Flex space with warehouse, offices, and storage spaces for rent.
      801 SW 16Th St, Renton, WA 98057
      View Details
    • Contact for pricing
      90,120 SF

      Renton Warehouse with Rail Access

      90,120 SF warehouse with office, dock, and rail access.
      700 Powell Ave Southwest, Renton, WA 98057
      View Details
    • Contact for pricing

      Renton Warehouse with Office Space

      9,815 SF warehouse with 2,793 SF office space available.
      830 SW 34Th St, Renton, WA 98057
      View Details
    • $1.20 SF/Yr

      High Bay Warehouse Sublease Opportunity

      High bay warehouse space available for sublease in Kent Valley.
      4051 Oakesdale Ave SW, Renton, WA 98057
      View Details
    • Contact for pricing

      Renton Flex Space Available Now

      9,815 SF flex space in premier Renton business park.
      830 SW 34Th St, Renton, WA 98057
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    234 16th St
    Renton, WA 98057-3133
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!