3100 Vly Rd Renton, WA 98057-3365
This exceptional commercial land offering presents a prime opportunity for investors seeking a stable, high-demand asset. Located in Renton, Washington, at 3100 E Valley Rd, 98057, this property features a paved, 120-space parking lot ideally situated near the Silver Dollar Casino. The lot is equipped with security features, ensuring a safe and secure environment for patrons. Its strategic location offers unparalleled convenience, with easy access to major transportation arteries. The property is just two miles from the I-405/SR-167 interchange and three miles from Interstate 5, providing seamless connectivity throughout the region. Furthermore, its proximity to Sea-Tac International Airport, a mere six miles away, adds significant value and appeal. This single-tenant property presents a straightforward investment opportunity with strong potential for consistent rental income. The land is designated for commercial use and offers a substantial parking capacity in a high-traffic area. This is an excellent chance to acquire a well-located, functional parking facility with established demand. The property's size and location make it an attractive option for businesses and individuals seeking convenient parking solutions in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CA · Renton, WARenton. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.