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Financial
Distress signals
Property profile

300 Pelly Ave N Renton, WA 98057

FOR LEASE
Medical Office Space
Property ID
US90-0789971
4,396 SF 0.23 ac lot Built 1974
Last sale Aug 2019 · $1,420,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
300 Pelly Ave N, Renton, WA 98057 For Lease
Contact for pricing 1,240 SF available
300 Pelly Ave N, Renton, WA 98057
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Property summary

AI-generated overview

An office suite in Renton, identified as Suite C, provides 1,240 square feet of interior space plus access to a common area lobby. The building includes an elevator and a security system, and the suite is equipped with air conditioning. Parking is available on-site beneath the building. The interior is delivered in an unfinished condition, allowing for tenant build-out choices such as finishes, colors, and floor covering.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$14k
Tax billed · 2022
Assessed value$1.42M
Assessed land$290k
Assessed improvement$1.13M
Effective rate0.98%

Value estimate

· Oct 2026
$810k
$729k – $891k
CAP approach$970k
NOI build-up
Gross scheduled income$41k
Vacancy & credit loss−$12k
Operating expenses−$7k
NOI · 112,528.21% cap applied$22k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$344/SF
Submarket average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$180 – $466
Qualifying comparables5

Cap rate analysis

How does the asset earn?
112,528.21%
$22k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R-8
The Residential-8 (R-8) Zone applies to lands suitable for moderate-density residential uses, including single-family and middle housing,...
General categoryRESIDENTIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service9.1
Carpet & Flooring Store8.9
Watch Repair Shop8.7

Location

300 Pelly Ave N Renton, WA 98057
County assessor Recorded deeds · 6 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
200 41st St, Renton, WA 98057-4931 $3,675,000 Mar 2025 No data
529 Shattuck S, Renton, WA 98057-2424 $135,000 Aug 2024 960 SF
419 4th, Renton, WA 98057-2541 $575,000 Apr 2023 1,500 SF
138 3rd, Renton, WA 98057-2407 $1,069,120 Mar 2021 5,750 SF
602 Oakesdale SW, Renton, WA 98057-5224 $5,370,000 Aug 2019 21,663 SF
920 1st, Renton, WA 98057-5759 $330,000 Feb 2019 4,280 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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