200 41St StRenton, WA 98057

Property Details for 200 41St St

Year built

2006

Construction

FRAME

Lot size

0.80 AC

Property size (Sq ft)

13,385 SF

Zone code

CA

Property type

Healthcare properties

Property subtype

Medical offices

APN

125360-0050

APU

1253600050

Description

This exceptional two-story office building, constructed in 2006, is situated on a 0.8-acre lot in the desirable Renton, Washington area. The property, located at 200 SW 41st St, boasts a convenient location with easy access to a variety of amenities. Within walking distance, you'll find popular restaurants such as Starbucks, Burger King, Subway, and Jersey Mike's. Numerous hotels, including the Clarion Hotel, Hilton Garden Inn, SpringHill Suites, Larkspur Landing, and Towneplace Suites, are also nearby, providing convenient lodging options for clients and employees. The iconic IKEA store is just a block away, adding to the property's high visibility and desirability. The building offers ample parking with a 4/1,000 square foot ratio in a well-lit lot. The asking price for this turnkey office space is $3,950,000. The property's King County Assessor's Parcel Number (APN) is 125360-0050. This presents a unique opportunity to acquire a high-quality office building in a thriving location with excellent access to amenities and major retailers. The property's traditional office design provides a functional and appealing workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $2,628,151

  6.5%

  $2,425,986

  7%

  $2,252,701

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,411,898

  Geo Method

  $2,577,683

• Alternative Use

  Use

  Valuation

  Residential

  $3,008,222

  Hospitality

  $2,755,516

  Educational

  $2,292,556

  Medical

  $2,371,401

  Retail

  $3,566,199

Location Insight

City

Renton

County

King

State

Washington

Latitude

47.4442

Longitude

-122.22

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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