Des Moines Office Building For
For Sale
$2,300,000
22608 Marine View Drive South, Des Moines, WA 98198
5,925 SF office building in Des Moines, Washington.
Property Size5,925 SF
Price / SF$388.19
Days on Market225
Property Features for 22608 Marine View Drive South
General Information
Standard status
Active
Size
5,925 SF
Property subtype
Office - General Office
Building Details
Building Size
5,925 SF
Listing Agency:
Kidder Mathews
Listed By:
Brian Clapp · License #51736
(206) 248-7316
Source:
Commercialcafe
Added: Mar 8
Changed: Oct 19
Last Checked: Oct 19 at 4:26AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,940
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,498,800
$2.5M
Cap Rate 7%
$1,784,857
$1.8M
Cap Rate 9%
$1,388,222
$1.4M
Market Conditions
NOI Build-Up for 5,925 SF
Gross rent
$213.3K $36.00/SF
− Vacancy
−$46.7K −$7.88/SF
EGI
$166.6K $28.12/SF
− OpEx
−$41.6K −$7.03/SF
NOI
$124.9K $21.09/SF
Area
King County, WA
Vacancy
21.90%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,498,800
Cap Rate 7%
$1,784,857
Cap Rate 9%
$1,388,222
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
731
Businesses Nearby
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
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 Drive South 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
