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Mixed-Use Development with Retail Space
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21800 Pacific Hwy S, Des Moines, WA 98198

New 9-building development offers commercial spaces sized 1,065 to 3,077 SF, alongside 326 apartments.

Space Size2,250 SF
Days on Market2779

Property Features for 21800 Pacific Hwy S

General Information

Standard status Active
Size 2,250 SF
Property subtype RETAIL
Lease Type Modified Gross

Additional Details

Multifamily Units 326

Spaces For Lease

at 21800 Pacific Hwy S
Available Space $22/SF/Yr
Size 2,250 SF
Type RETAIL
Lease Type MODIFIED_GROSS
Availability AVAILABLE
Sublease No
New 9-building development project includes 3 mixed-use buildings with commercial spaces and 6 multi-family buildings with a total of 326 apartment units. Commercial spaces can accommodate retail, professional, and flex uses. Sizes range from 1,065 sf to 3,077 sf (Some spaces may be combined). Tax iD #: 2156400263
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Listing Agency: Westcom Properties, Inc.
Listed By: Cramer Foster
Source: Moodyscre
Added: Mar 22, 2019 Changed: Oct 25 Last Checked: Oct 28 at 9:19AM

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 Westcom Properties, Inc.

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Investment Insights

Based on property information with market context.

A new 9-building development project in Des Moines includes 3 mixed-use buildings with commercial space and 6 multi-family buildings totaling 326 apartment units. The available commercial spaces are designed to accommodate retail, professional, and flex uses.

Commercial space sizes range from 1,065 square feet to 3,077 square feet, and some spaces may be combined to create larger footprints. The project is listed for rent at 21800 Pacific Hwy S, Des Moines, WA 98198. Tax ID is 2156400263.

Key Highlights

  • New 9‑building development project with 3 mixed‑use buildings and 6 multi‑family buildings
  • Total of 326 apartment units across the 6 multi‑family buildings
  • Commercial spaces available in the 3 mixed‑use buildings with flexible use for retail, professional, and flex

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Building Supply Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

326
Residential units
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

445
Businesses Nearby

Demographics for 98198, WA

38,727
Population
15,267
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
7.7 sq mi
ZIP Area
5,029
Density / Sq Mi
$83,938
Median Household Income
$48,776
Median Earnings
$1,770
Median Rent
$527,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - New 9-building development offers commercial spaces sized 1,065 to 3,077 SF, alongside 326 apartments.
Where is this mixed-use property located?
The property is located at 21800 Pacific Hwy S Des Moines, WA.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: New 9‑building development project with 3 mixed‑use buildings and 6 multi‑family buildings; Total of 326 apartment units across the 6 multi‑family buildings; Commercial spaces available in the 3 mixed‑use buildings with flexible use for retail, professional, and flex
(253) 241-7244 Call to check price and availability
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