1412 43Rd StRenton, WA 98057

Property Details for 1412 43Rd St

Year built

2004

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.11 AC

Property size (Sq ft)

60,916 SF

Zone code

CA

Property type

Medical offices

Property subtype

Medical centers

APN

362304-9110

APU

3623049110

Description

This exceptional Class A medical office building, situated in Renton, Washington, presents a unique leasing opportunity. The property, known as Renton Medical Plaza, boasts a total of 60,916 square feet across three stories within a single building constructed in 2004. Currently, there is 2,598 square feet of vacant space available, including one suite of 1,470 square feet, ideal for a variety of medical practices. The building is situated on a generous 6.55-acre lot and offers ample parking with 299 spaces for patients and staff. Its prime location at 1412 SW 43rd St, Renton, WA 98057, ensures high visibility and convenient access for clients. The property is zoned CA and is located in King County. The building's modern design and amenities cater to the needs of medical professionals and their patients, making it an attractive option for expansion or relocation. The multiple tenancy structure provides a diverse and thriving community within the building. This is a rare opportunity to secure space in a highly sought-after medical office building in a rapidly growing area. Don't miss out on this chance to establish or expand your practice in a premier location.

• CAP approach

  CAP return

  Valuation

  6%

  $11,960,886

  6.5%

  $11,040,818

  7%

  $10,252,188

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,527,768

  Geo Method

  $11,731,203

• Alternative Use

  Use

  Valuation

  Residential

  $13,690,614

  Hospitality

  $12,540,529

  Educational

  $10,433,573

  Medical

  $10,792,399

  Retail

  $16,230,002

Location Insight

City

Renton

County

King

State

Washington

Latitude

47.4419

Longitude

-122.236

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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