Property profile

3709 4th St Renton, WA 98056

OFF-MARKET
Auto shops
Property ID
US90-3259828
4,000 SF 0.77 ac lot Built 1983
Entity Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1.9-acre property, comprised of two tax lots, presents a remarkable mixed-use development opportunity in the thriving city of Renton, WA. Located at 3709 NE 4th Street, this is the last large commercially-zoned (CA) parcel available along NE 4th Street, offering unparalleled potential for investors and developers. A Phase 1 Environmental study has already been completed, streamlining the development process. Furthermore, preliminary site and building layouts, along with an estimated end product valuation, are readily available for review. These comprehensive documents provide a solid foundation for planning and financial projections. The property currently generates a substantial monthly income stream. The detailed studies and plans are accessible upon request, providing potential buyers with a clear understanding of the property's development potential and current financial performance. This is a rare chance to acquire a significant, income-producing asset in a prime Renton location, poised for substantial future growth. Don't miss this exceptional investment opportunity.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1983
Construction STEEL FRAME
Total area 4,000 SF
Lot 0.77 ac (33,528 SF)
Zoning code CA
APN 162305-9025
UPID US90-3259828

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3709 4th St Renton, WA 98056-4109
Renton metro Census 25601 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

since 2006
2 recorded transactions
2006
Price N/A
2006
$1.2M

Zoning & alternative use

CA · Renton, WA
Zoning description

iii. In the CA Zone where abutting a City of Renton residential zone if at least one (1) vertically mixed-use building is constructed along the street frontage(s) with a minimum of two (2) residential stories above comme…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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