Freestanding Mexican
New
For Sale
Contact for pricing
26015 Pacific Hwy S, Des Moines, WA 98198
The offering includes the operating business and land, with the property suited to continued restaurant operations or a different restaurant concept.
Property Size2,434 SF
Price / SF$544.37
Days on Market7
Property Features for 26015 Pacific Hwy S
General Information
Standard status
Active
Size
2,434 SF
Total Parking Spaces
40
Property subtype
RETAIL
Site & Location
Frontage
115 ft
Pylon Signage
Yes
Additional Details
Business Included
Yes
Building Details
Buildings
1
Listing Agency:
Pacific Commercial Brokers
(253) 507-5442
Listed By:
Tom O'Brien
(253) 988-0080
Source:
Moodyscre
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 15 at 1:04AM
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 Pacific Commercial Brokers
Investment Insights
Based on property information with market context.
This freestanding Mexican restaurant comprises 2,434 square feet, with the land, building, and operating business included in the offering. The property has supported restaurant operations for 33 years, and the existing use can continue or transition to another restaurant concept.
The site fronts Pacific Hwy S in Des Moines, Washington, with more than 115 feet along the corridor. On-site parking accommodates 40 cars, and the property has pylon signage.
The site fronts Pacific Hwy S in Des Moines, Washington, with more than 115 feet along the corridor. On-site parking accommodates 40 cars, and the property has pylon signage.
Key Highlights
- Sale offering includes the restaurant business, building, and land
- 2,434‑square‑foot freestanding restaurant
- Parking for 40 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,027
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,540
$1.0M
Cap Rate 7%
$743,243
$743.2K
Cap Rate 9%
$578,078
$578.1K
Market Conditions
NOI Build-Up for 2,434 SF
Gross rent
$73.0K $30.00/SF
− Vacancy
−$3.7K −$1.50/SF
EGI
$69.4K $28.50/SF
− OpEx
−$17.3K −$7.13/SF
NOI
$52.0K $21.38/SF
Area
King County, WA
Vacancy
5.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,540
Cap Rate 7%
$743,243
Cap Rate 9%
$578,078
Alternative Uses
Best Use
Specialty Retail
$743.2K
$650.3K – $867.1K
NOI $52,027 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$974.9K
$853.0K – $1.14M
NOI $68,242 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
40k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Groceries 30%
Electronics 6%
Grocery Outlet Bargain Market
Groceries
12,071 visits/mo
0.1 miles
Dollar Tree
Shops & Services
10,440 visits/mo
0.1 miles
Petco
Shops & Services
6,458 visits/mo
0.4 miles
7-Eleven
Shops & Services
4,348 visits/mo
0.0 miles
Shell
Shops & Services
3,306 visits/mo
0.0 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - The offering includes the operating business and land, with the property suited to continued restaurant operations or a different restaurant concept.
Where is this conventional restaurant located?
The property is located at 26015 Pacific Hwy S Des Moines, WA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Sale offering includes the restaurant business, building, and land; 2,434‑square‑foot freestanding restaurant; Parking for 40 cars
