Des Moines Office Building For
22608 Marine View Dr S Des Moines, WA 98198
22608 Marine View Dr S, Des Moines, WA, 98198
$2,300,000
For Sale
$2,300,000
5,925 SF office building in Des Moines, Washington.
Property Size5,925 SF
Price / SF$388.19
Days on Market135
Property Features for 22608 Marine View Dr S
General Information
- Standard status
- Active
- Size
- 5,925 SF
- Property subtype
- Office
Building Details
- Year Built
- 1950
Listing Agency
Kidder Mathews - Tukwila
(206) 248-7316
Listed by
Brian Clapp · License #51736
(206) 248-7316
Source
Kidder
Added: Mar 8 Updated: Jul 10 at 1:14 pm Checked: Mar 26 at 9:48 am
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 Kidder Mathews - Tukwila
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 5,925 square foot office building located in Des Moines, Washington.
Key Highlights
- 5,925 SF office building
- Located in Des Moines, Washington
- Office building
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $213.3k | $36.00 |
| − Vacancy | −$46.7k | −$7.88 |
| EGI | $166.6k | $28.12 |
| − OpEx | −$41.6k | −$7.03 |
| NOI | $124.9k | $21.09 |
5,925 SF · lease $36.00/SF/yr · vacancy 21.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.78M
$1.56M – $2.08M
NOI $124,940 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,118 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 5,925 SF office building in Des Moines, Washington.
Where is this office building located?
The property is located at 22608 Marine View Dr S Des Moines, WA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 5,925 SF office building; Located in Des Moines, Washington; Office building
