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Property profile & analytics
OFF-MARKET Estimated value $9,930,000
Office buildings

550 7th St Renton, WA 98057-2917

65,822 SF 1.71 ac lot Built 1978
Individually Owned 25-yr Hold ~ Est. High Equity
Property ID
US90-1700964
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 65,822 SF
Lot 1.71 ac (74,400 SF)
Zoning code IM
APN 182305-9251
UPID US90-1700964
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.19M
Blend (final) Blend
$9.93M
Owner & transaction history
Puget Sound Electrical Apprent · 25 yrs held
Puget Sound Electrical Apprent
since 2001
7 recorded transactions
2001
$5.0M
1996
Price N/A
1996
Price N/A
1995
$3.3M
1994
$4.5M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
IM · Renton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

61. No drive-through service shall be permitted, except for financial institutions, and multi-story buildings in the CV and CD Zones, and uses permitted within the IL, IM, or IH Zones. Financial institutions are permitted a maximum of three (3) accessory drive-up windows that shall be part of the exterior wall of the financial institution structure. Drive-th…

Zone name Medium Industrial
General category INDUSTRIAL
Zone area 611.35 ac
Source Section 4-2-080
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