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401 3rd St Renton, WA 98057-2040

OFF-MARKET Commercial real estate Google Maps
1,332 SF 0.12 ac lot Built 1949
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$255k
Range $230k – $281k (±10%)
Property ID US90-3254556

Property summary

AI-generated overview

This exceptional retail opportunity encompasses a brand-new, two-story building totaling 2,222 square feet, situated on a sizable 0.24-acre lot (10,454 square feet). Located at 401-405 S 3rd St in Renton, Washington, 98057, this property is perfectly positioned within the Renton/Tukwila submarket, specifically in the Southend cluster. The building boasts a modern design and is ready for immediate occupancy. The entire 2,222 square feet is currently vacant, presenting a unique chance for a single tenant to establish a significant presence or for multiple tenants to occupy the space. The property's zoning is designated as CD, offering flexibility for various retail and office uses. Constructed in 2024, this building benefits from up-to-date infrastructure and modern amenities. The King County location provides excellent access to major transportation routes and a thriving consumer base. This is an unparalleled opportunity to secure a high-visibility retail space in a rapidly growing area. The property's ample lot size allows for convenient parking and potential for future expansion. The address is 401-405 S 3rd St, with APN numbers 7840800035 & 7840800030.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1949
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,332 SF
Lot 0.12 ac (5,280 SF)
Zoning code CD
APN 784080-0035
UPID US90-3254556

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2017
3 recorded transactions
2017
$745,000
2006
$750,000
1986
Price N/A

Zoning & alternative use

CD · Renton, WA
Zoning description

15. In the CD and CO Zones, outdoor retail sales are limited to farmer’s markets. In the RMF Zone, outdoor retail sales are limited to vending machines and retail product lockers. In all other zones, outdoor retail sales…

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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