Industrial

North 405

north 405, renton, WA 98057

Price

Price on request

Description

Standalone, High Image Building

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

north 405, renton, WA 98057

Leaflet © OpenStreetMap contributors

Market Context

As of Q4 2024, the Seattle / Bellevue industrial market showed a 9.7% vacancy rate, average asking rents near $12.84/SF/yr, and rents up 9.1% year over year. Source: multiple brokerages Q4 2024 market report.

Projected current pricing

low confidence

Projected asking rent

$12.59/SF/yr

Estimated sale value

$159–$194/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2025 Newmark data (cap rate 5.3%, asking rent held flat).

View the full Seattle / Bellevue Industrial market report →

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Compare it against other industrial listings for sale in Renton, WA to benchmark pricing and space — view the full market.

Industrial market FAQ

Is the Seattle / Bellevue industrial market tightening or softening?: Vacancy is around 9.7%, with asking rents rising year over year (Q4 2024).

Unified Estimate

Medium Confidence

$10.91/SF-$14.77/SF

Mid: $12.84/SF

Rate estimator only; cost-of-business estimate unavailable.

Sale Price History

Market report quarterly trend fallback

Low Confidence

Avg Rent ($/SF/yr) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.