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Property profile & analytics
OFF-MARKET Estimated value $40,075,000
Office buildings

2715 Naches SW Ave Renton, WA 98057-2627

148,230 SF 11.8 ac lot Built 2016
Individually Owned 8-yr Hold ~ Est. High Equity
Property ID
US90-2151574
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2016
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 148,230 SF
Lot 11.8 ac (513,888 SF)
Zoning code CO
APN 088670-0270
UPID US90-2151574
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
by Request
CAP Approach CAP
$42.71M
Comparable Approach Comparable
$50.85M
Blend (final) Blend
$40.08M
Owner & transaction history
Kaiser Foun Health Plan Of Washin · 8 yrs held
Kaiser Foun Health Plan Of Washin
since 2017
3 recorded transactions
2017
Price N/A
2015
$13.3M
2013
$1.7M
Zoning & alternative use
CO · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

15. In the CD and CO Zones, outdoor retail sales are limited to farmer’s markets. In the RMF Zone, outdoor retail sales are limited to vending machines and retail product lockers. In all other zones, outdoor retail sales are limited to farmer’s markets, building, hardware and garden products, vending machines, and retail product lockers. Vending machines and…

Zone name Commercial Office
General category COMMERCIAL
Zone area 506.44 ac
Source Section 4-2-080
Top alternative use upside
Auto repair, garage $61.0M +70.4%
Retail stores $59.4M +66.1%
Apartment house (5+ units) $52.6M +46.9%
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