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    Property profile & analytics

    254 Union Ave Renton, WA 98059

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0807024
    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

    • Commercial real estate

    Property Details for 254 Union Ave

    Property type
    Commercial real estate
    APN
    5182100012, 5182100011, 5182100014

    Description

    This exceptional redevelopment opportunity in Renton, WA, presents a chance to build a vibrant mixed-use property. Located at 254 Union Ave NE, this King County site boasts CA zoning and offers a compelling blend of residential and commercial space. The property currently features two buildings

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Renton
    County
    King
    State
    Washington
    Longitude
    -122.16414346107
    Latitude
    47.486822478493

    Comparable in this City

    • $90,000
      1,536 SF

      Spacious Home in 55+ Community

      1536 sq ft home in a 55+ community.
      201 Union Ave SE, Renton, WA 98059
      View Details
    • $119,500
      0.67 Acres

      Newcastle Residential Land - Build Your Dream Home

      Wooded 0.67 acre lot, buildable with RUE permit.
      120xx May Creek Park Dr, Newcastle, WA 98059
      View Details
    • $2,890,000

      Renton Highlands KinderCare Investment Property

      NNN leased KinderCare with long-term secured investment.
      1225 Anacortes Ave NE, Renton, WA 98059
      View Details
    • $6,080,000

      Les Schwab Tire Center Investment

      Les Schwab Tire Center in Renton, WA for sale.
      354 Union Ave NE, Renton, WA 98059
      View Details
    • $82,500

      Established Renton Hair Salon

      Turnkey Business, 30+ Year History
      4820 4Th St, Renton, WA 98059
      View Details
    • $365,000
      54,886 SF

      Newcastle Land Parcel For Sale

      1.25 acre parcel suitable for residential development.
      80 136Th Ave SE, Newcastle, WA 98059
      View Details

    Similar Nearby for Sale

    • $90,000
      1,536 SF

      Spacious Home in 55+ Community

      1536 sq ft home in a 55+ community.
      201 Union Ave SE, Renton, WA 98059
      View Details
    • $119,500
      0.67 Acres

      Newcastle Residential Land - Build Your Dream Home

      Wooded 0.67 acre lot, buildable with RUE permit.
      120xx May Creek Park Dr, Newcastle, WA 98059
      View Details
    • $2,890,000

      Renton Highlands KinderCare Investment Property

      NNN leased KinderCare with long-term secured investment.
      1225 Anacortes Ave NE, Renton, WA 98059
      View Details
    • $6,080,000

      Les Schwab Tire Center Investment

      Les Schwab Tire Center in Renton, WA for sale.
      354 Union Ave NE, Renton, WA 98059
      View Details
    • $82,500

      Established Renton Hair Salon

      Turnkey Business, 30+ Year History
      4820 4Th St, Renton, WA 98059
      View Details
    • $365,000
      54,886 SF

      Newcastle Land Parcel For Sale

      1.25 acre parcel suitable for residential development.
      80 136Th Ave SE, Newcastle, WA 98059
      View Details

    Similar Nearby for Lease

    • $50 SF/Yr
      1,726 SF

      Newcastle Retail Space Available

      Retail space available for lease in Newcastle, Washington.
      6917-6985 Coal Creek Pkwy SE, Newcastle, WA 98059
      View Details
    • Contact for pricing
      9,565 SF

      Retail Space Available in Renton

      Combined 9,565 SF retail space available for lease.
      4110 NE 4Th St, Renton, WA 98059
      View Details
    • Contact for pricing
      15,010 SF

      Former Retail Space with Drive-Thru

      High-traffic retail space with drive-thru and dock-high loading.
      4820 NE 4Th St, Renton, WA 98059
      View Details
    • $7,000 /Mo

      Land for Storage in Renton

      Almost 1 acre of land available for storage use.
      316 Union Ave NE, Renton, WA 98059
      View Details
    • $1.50 SF/Yr
      2,300 SF

      Warehouse with Fenced Yard Space

      Warehouse featuring fenced yard, grade-level door, and convenient access.
      16409 SE Renton Issaquah Rd, Renton, WA 98059
      View Details
    • $27 SF/Yr
      1,453 SF

      Renton Highlands Office Space Available

      1453 SF office space in desirable Renton Highlands location.
      1620-1702 Duvall Ave NE, Renton, WA 98059
      View Details
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    254 Union Ave
    Renton, WA 98059
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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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