Property profile

765 Rainier S Ave Renton, WA 98057

OFF-MARKET
Auto shops
Property ID
US90-0977320
4,800 SF 0.78 ac lot Built 1966
Individually Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 765 S Rainier Ave Unit B in Renton, WA, presents a unique opportunity for a variety of businesses. Priced at $8,000, this general commercial space boasts a highly desirable location with excellent visibility and easy access to major transportation arteries, including I-5 and the 405 freeway. The building itself features three spacious bays, providing ample room for various uses. A well-appointed lobby and dedicated office space add to the property's functionality and professional appeal. The generous parking area ensures convenient access for customers and employees. The versatility of this space lends itself to a wide range of business concepts. Imagine an oil change or repair shop, a vibrant restaurant, a sophisticated reception hall, or a trendy taproom – the possibilities are virtually limitless. This property offers a compelling combination of prime location, functional design, and significant potential for growth. The asking price translates to $28.00 per square foot, representing a strong value in the current market. Don't miss this chance to secure a thriving business location in a high-traffic area. Contact us today to schedule a viewing.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,800 SF
Lot 0.78 ac (33,910 SF)
Zoning code CA
APN 192305-9073
UPID US90-0977320

Cap rate & NOI

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

Location

765 Rainier S Ave Renton, WA 98057-3204
Renton metro Census 26200 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2011
2 recorded transactions
2011
Price N/A
1994
$2.0M

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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