17722 Talbot RdRenton, WA 98055

  • Healthcare properties
  • 6,701 SF
For Sale
$2,550,000 View listing

Property Details for 17722 Talbot Rd

Year built
1974
Construction
WOOD
Lot size
0.52 AC
Property size (Sq ft)
6,701 SF
Zone code
CO
Property type
Healthcare properties
Property subtype
Medical offices
APN
761680-0050
APU
7616800050

Description

This exceptional single-tenant medical office building, located at 17722 Talbot Rd S in Renton, WA 98055, presents a unique investment opportunity. The property boasts a total of 6,901 square feet of well-maintained office space, ideally suited for a variety of medical practices. Situated on a 0.52-acre lot, the building offers ample parking with 34 spaces available for patients and staff. The property's zoning is designated as OC, reflecting its suitability for medical uses. The building's single-tenant occupancy provides stability and predictable income streams. Its convenient location in Renton, Washington, offers easy access to major transportation routes and a thriving community. The area is served by Valley Medical Center, a large nonprofit healthcare provider, enhancing the property's appeal to medical professionals and businesses. This presents a rare chance to acquire a well-established medical office building in a high-demand location with strong potential for long-term growth and return on investment. The property's size, parking, and zoning make it an attractive option for a variety of medical practices seeking a well-established presence in the Renton area. The building is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,315,745
    6.5%
    $1,214,534
    7%
    $1,127,781
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,708,116
    Geo Method
    $1,290,479
  • Alternative Use

    Use
    Valuation
    Residential
    $1,506,022
    Hospitality
    $1,379,508
    Educational
    $1,147,734
    Medical
    $1,187,206
    Retail
    $1,785,364
17722 Talbot Rd, Renton, Washington

Location Insight

City
Renton
County
King
State
Washington
Latitude
47.4432
Longitude
-122.211
CBSA code
42660
CBSA name
SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$22,015
$520,400
$1,766,700
$2,287,100
-
$520,400
$1,766,700
$2,287,100

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