10700 174Th TerRenton, WA 98055

Property Details for 10700 174Th Ter

Year built

1978

Construction

WOOD

Lot size

0.83 AC

Property size (Sq ft)

20,125 SF

Zone code

CA

Property type

Medical offices

Property subtype

Medical space

APN

292305-9160

APU

2923059160

Description

This exceptional investment opportunity presents a two-story, Class B medical office building located at 10700 SE 174th St, Renton, WA 98055, in King County. The Valley Professional Center encompasses 14,403 square feet of net rentable space, currently boasting an 89% occupancy rate. The property is offered at an asking price of $4,100,000, representing a price per square foot of $284.66 and a projected cap rate of 6.35%. The building features a multi-tenant configuration with a NNN lease structure, providing long-term stability and predictable income streams. The property's pro-forma net operating income (NOI) is calculated at $260,478, offering a strong return on investment. The property's location in the suburban Renton market provides convenient access to major transportation routes and a thriving professional community. The existing leases present an opportunity for a buyer to benefit from below-market rates, offering potential for future rental increases and enhanced profitability. The APN is 2923059160. This property is ideal for both investors seeking a stable, high-yield asset and owner-users looking to expand their business operations.

• CAP approach

  CAP return

  Valuation

  6%

  $3,951,554

  6.5%

  $3,647,588

  7%

  $3,387,046

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,129,955

  Geo Method

  $3,875,672

• Alternative Use

  Use

  Valuation

  Residential

  $4,523,009

  Hospitality

  $4,143,052

  Educational

  $3,446,970

  Medical

  $3,565,517

  Retail

  $5,361,954

Location Insight

City

Renton

County

King

State

Washington

Latitude

47.4468

Longitude

-122.198

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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