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485 Rainier Ave S 3,960 SF 100% Leased Retail Building Renton, WA 98057 $2,401,338 CAD ($606.40 CAD/SF) 6.85% Cap Rate
Investment Highlights
- Proforma 6.85% Cap Rate
- 5.05/1,000 SF parking ratio (20 Surface Spaces)
- Located on Major Bus Lines (Routes 102, 160, & F Line)
- Anchored by Fred Meyer
- Building fronts Rainier Avenue South (36,348 Daily Vehicles)
Executive Summary
Freestanding retail pad for sale at South Lake Center, a Fred Meyer–anchored shopping center in Renton. The 3,960 SF building sits on 19,166 SF of land and fronts Rainier Avenue South, benefiting from excellent visibility and strong traffic counts of approximately 36,348 vehicles per day. The property offers a proforma 6.85% cap rate, ample surface parking (5.05/1,000 SF), and convenient access via major bus routes. Surrounded by dense residential neighborhoods with strong household incomes, this is a compelling opportunity for investors seeking a well-located retail asset in a proven commercial corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,960 SF
Building Class
C
Year Built
1960
Price
$2,401,338 CAD
Price Per SF
$606.40 CAD
Cap Rate
6.85%
NOI
$164,492 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.44 AC
Zoning
CA, Renton
Parking
20 Spaces (5.05 Spaces per 1,000 SF Leased)
Frontage
108’ on Rainier Ave S
Amenities
- Bus Line
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Pawn Pros
- Finance and Insurance
- -
-
$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Pawn Pros | Finance and Insurance | - | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 182305-9168 | Improvements Assessment | $1,022,913 CAD |
| Land Assessment | $1,021,776 CAD | Total Assessment | $2,044,689 CAD |
Property Taxes
Parcel Number
182305-9168
Land Assessment
$1,021,776 CAD
Improvements Assessment
$1,022,913 CAD
Total Assessment
$2,044,689 CAD
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485 Rainier Ave S
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