Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    19240 Des Moines Memorial Drive Seatac, WA 98148

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $0.99 SF/Yr $6,500/Mo (calc)

    11,198 SF industrial warehouse space available for sublease.

    Type:Industrial
    Property size:
    78,797 SF
    Added:
    Nov 21, 2025
    Days on Market:
    158
    Last Refresh:
    Apr 5 at 10:48 pm

    Property Features for 19240 Des Moines Memorial Drive

    General Information

    Standard status
    Active
    Size
    78,797 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 19240 Des Moines Memorial Drive Contact us

    We can help!

    Listing Contact
    Bret Matysik, SIOR, CCIM
    Bret Matysik, SIOR, CCIM

    Listing agent Bret Matysik, SIOR, CCIM

    Listing office NAI PUGET SOUND PROPERTIES

    Listing date Nov 21, 2025

    Source Naiglobal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI PUGET SOUND PROPERTIES

    Overview

    Des Moines Warehouse for Sublease

    This 11,198 square-foot industrial warehouse is available for sublease in the Des Moines Logistics Center, an industrial park located south of SeaTac Airport. The space includes 1,868 square feet of office area and features 11 dock-high doors and a 24-foot clear height. The property is available via sublease through February 15, 2028. The base rental rate is $0.99 per square foot for the shell space and $1.35 per square foot for the office space, plus NNN fees. The property is part of a larger property totaling 78,797 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Clutter — 835 S 192nd St #500, SeaTac, WA 98148
    • Storrage — 19216 des moines memorial dr #220, seattle, wa 98148
    • AGS Warehouse — 855 S 192nd St, Seattle, WA 98148
    • Hms Distribution Center — 18982 13th Pl S, SeaTac, WA 98148

    Location Insight

    • Map
    • Local Demand
    City
    Seatac
    County
    King
    State
    Washington
    Longitude
    -122.317
    Latitude
    47.43

    Nearby Similar for Lease

    • $840/Mo

      SeaTac Office Space For Rent

      Office space near SeaTac Airport with lake view and balcony.
      19550 International Blvd, SeaTac, WA 98188
      View Details
    • $3,100/Mo

      SeaTac Office Space Available

      Office space for rent in a prime SeaTac location.
      21400 International Blvd S, SeaTac, WA 98198
      View Details
    • $3,500/Mo

      SeaTac Office Space Available

      Office space for rent in a prime SeaTac location.
      21400 International Blvd S, SeaTac, WA 98198
      View Details
    • $0.99 SF/Yr

      Industrial Warehouse Space For Lease

      11,198 SF industrial warehouse for lease near SeaTac Airport.
      19240 Des Moines Memorial Drive, SeaTac, WA 98148
      View Details
    • $1,193/Mo

      SeaTac Commercial Spaces For Lease

      Cost-effective commercial spaces with excellent visibility and convenient access.
      15300 33rd Ave S, SeaTac, WA 98188
      View Details
    • $654/Mo

      Prime SeaTac Office Space

      Office space in prime SeaTac location with convenient access.
      21400 International Blvd S, SeaTac, WA 98198
      View Details
    • $2,825/Mo

      Commercial Spaces For Lease

      Cost-effective commercial spaces for lease in SeaTac.
      15300 33rd Ave S, SeaTac, WA 98188
      View Details
    • $1,700/Mo

      Commercial Spaces in SeaTac Hub

      Cost-effective commercial spaces for lease with excellent visibility.
      15311 33rd Ave S, SeaTac, WA 98188
      View Details
    • $1,944/Mo

      SeaTac Commercial Spaces For Lease

      Cost-effective commercial spaces for lease in the hub of SeaTac.
      15311 33rd Ave S, SeaTac, WA 98188
      View Details
    • $1,434/Mo

      Commercial Spaces For Lease

      Cost-effective commercial spaces for lease in SeaTac.
      15311 33rd Ave S, SeaTac, WA 98188
      View Details
    • $1,387/Mo

      SeaTac Commercial Spaces For Lease

      Cost-effective commercial spaces for lease in the hub of SeaTac.
      15311 33rd Ave S, SeaTac, WA 98188
      View Details
    • $1,664/Mo

      Commercial Spaces For Lease

      Cost-effective commercial spaces for lease in SeaTac.
      15300 33rd Ave S, SeaTac, WA 98188
      View Details

    FAQs

    What type of property is this?
    Warehouse - 11,198 SF industrial warehouse space available for sublease.
    Where is this warehouse located?
    The property is located at 19240 Des Moines Memorial Drive Seatac, WA.
    What is the lease rate?
    The lease rate is $0.99 SF/Yr.
    What are key features of this property?
    This property features: 11 dock high doors for efficient loading and unloading; Located in Des Moines Logistics Center near SeaTac Airport; Sublease through 02/15/2028
    (425) 586-5617
    We can help!
    Listing Contact
    Bret Matysik, SIOR, CCIM
    Bret Matysik, SIOR, CCIM
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!