Property profile

505 Rainier N Ave Renton, WA 98057

OFF-MARKET
Turn key restaurants
Property ID
US90-0839535
5,649 SF 0.64 ac lot Built 1958
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1958
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,649 SF
Lot 0.64 ac (27,910 SF)
Zoning code CA
APN 420240-1500
UPID US90-0839535

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

505 Rainier N Ave Renton, WA 98057-5318
Renton metro Census 26004 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2018
Price N/A
2015
$825,000
2005
Price N/A
2004
Price N/A
2001
$560,000
1994
$390,000

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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