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Property profile & analytics

2940 Valley Rd Renton, WA 98057

  • Warehouses
  • 9,600 SF
  • 1.60 lot acres
For Sale
Last Sale
Oct 25, 2023
$6,900,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US90-0728757
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 2940 Valley Rd

Year built
1969
Construction
STEEL FRAME
Lot size
1.60 lot acres
Property size
9,600 SF
Zone code
CA
Property type
Warehouses
APN
302305-9096
APU
3023059096

Description

This exceptional 11,200-square-foot commercial building, situated on a 1.6-acre fully paved and fenced lot in Renton, Washington, presents a unique investment opportunity. Located at 2940 E Valley Rd, 98057, this property boasts highway frontage on Highway 167, offering unparalleled visibility and convenient access to both Highway 167 and Highway 405, providing easy access to the entire Puget Sound region. The building's versatile clear-span structure is well-suited for a variety of businesses, including but not limited to auto dealerships and service centers, outdoor sales operations, landscaping businesses, heavy equipment storage, building materials sales, and various other service-oriented enterprises. The property is zoned CA - City of Renton, and features 14-foot high doors. The site is fully paved and fenced, providing ample space for operations and storage. The property can be delivered vacant at closing, or a short-term seller leaseback may be available. This adaptable space, combined with its prime location and excellent highway visibility, makes it an ideal investment for a wide range of commercial uses. The Assessor's Parcel Number (APN) is 3023059096. This is a single-tenancy property.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $6,580,000
    ML approach
    $6,715,000
  • Alternative Use

    Use
    Estimation
    RESTAURANT
    $5,040,000
    COMMERCIAL (GENERAL)
    $4,860,000
    AUTO REPAIR, GARAGE
    $3,950,000

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


Location Insight

  • Map
  • Local Demand
City
Renton
County
King
State
Washington
Longitude
-122.217
Latitude
47.4553
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
$17,704
$1,550,700
$110,700
$1,661,400
-
$1,550,700
$110,700
$1,661,400
More about this property
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