365 S Grady Way, Renton, WA 98057
- Commercial real estate
- 8,992 SF
- 1.80 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 365 S Grady Way
- Year built
- 2007
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.80 lot acres
- Zone code
- CA
- Property type
- Commercial real estate
- APN
- 192305-9101
- APU
- 1923059101
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 21, 2024 | — | Rva Land Owner LLC | Rva Land LLC | Quitclaim Deed · related | $13M · German American Capital Corp |
| Jul 10, 2012 | — | Apple Washington LLC | — | Loan Modification · related | $395M · Bank Of America |
| May 16, 2005 | — | Rva Land LLC | Rva Center LLC | Quit Claim Deed · related | — |
Description
This exceptional Renton, King County property offers 91,813 square feet of retail, restaurant, and office space across three single-story buildings. Built in 1965 and renovated in 2007, the property sits on a 9.8-acre lot (426,966 sq ft) with a generous 4.5:1 parking ratio. The maximum contiguous space available is 5,240 square feet, ideal for a variety of businesses. Located at the intersection of I-405 and SR-167, near S Grady and Rainier Ave. South, this location boasts exceptional visibility and accessibility, with two signalized intersections allowing for full left-turn movements. Annual property taxes are $6.75 per square foot. The property benefits from high daily traffic volume of approximately 29,909 vehicles per day (2018 data) on South Grady Way. It's situated directly across from a major Park & Ride, soon to be redeveloped into a South Renton Bus Rapid Transit Center (construction starting 2023). This prime location offers easy access to I-405, connecting to Bellevue, Seattle, and SEATAC International Airport. Strong co-tenancy includes Uwajimaya, Big 5 Sporting Goods, McDonald's, Applebee's, Genki Sushi, Wells Fargo, and Lemongrass Restaurant, ensuring a consistent flow of customers throughout the day and evening. The APN is 1923059043. This property presents a unique opportunity for businesses seeking high visibility and convenient access in a thriving Renton submarket.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,980,000
- 6.5%
- $1,825,000
- 7%
- $1,695,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,808,000
Market price range: $285k - $1.81M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Renton
- County
- King
- State
- Washington
- Longitude
- -122.214
- Latitude
- 47.4704
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
