Ground-Floor Office
600 S 227th Street COML, Des Moines, WA 98198
For Sale
$1,300,000
Des Moines, WA
Property Size3,282 SF
Price / SF$396.10
Days on Market56
Property Features for 600 S 227th Street COML
General Information
Property type
Property subtype
Subdivision
Standard status
Building Details
Year built
Listing Agency:
Engel & Volkers Seattle Downtown · Engel & Völkers
(206) 623-9697
Listed By:
Robert Laing · License WA #27769
Added: Sep 16
Changed: Oct 10
Last Checked: Nov 10 at 3:06AM
MLS# 2583068
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This approximately 3,282-square-foot ground-floor commercial condominium is configured for professional office operations and will be delivered vacant. The existing buildout includes 9 private offices, a large conference room or library, reception and waiting areas, a kitchen, 3 restrooms, and substantial storage. Several offices are large enough to serve as meeting or conference rooms. The unit also includes 9 parking spaces and was built in 2000.
The property is in Des Moines near the marina, waterfront, restaurants, parks, and downtown amenities. Access is available to I-5, SR-509, and Sea-Tac Airport. The condominium declaration provides for office and retail use, subject to verification of specific use requirements under applicable zoning and condominium provisions.
The property is in Des Moines near the marina, waterfront, restaurants, parks, and downtown amenities. Access is available to I-5, SR-509, and Sea-Tac Airport. The condominium declaration provides for office and retail use, subject to verification of specific use requirements under applicable zoning and condominium provisions.
Key Highlights
- Approximately 3,282 SF of ground‑floor commercial condominium space
- 9 private offices plus a large conference room or library
- Reception area, waiting space, kitchen, 3 restrooms, and substantial storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,375
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,567,500
$1.6M
Cap Rate 7%
$1,119,643
$1.1M
Cap Rate 9%
$870,833
$870.8K
Market Conditions
NOI Build-Up for 3,282 SF
Gross rent
$112.2K $34.20/SF
− Vacancy
−$7.7K −$2.36/SF
EGI
$104.5K $31.84/SF
− OpEx
−$26.1K −$7.96/SF
NOI
$78.4K $23.88/SF
Area
King County, WA
Vacancy
6.90%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,567,500
Cap Rate 7%
$1,119,643
Cap Rate 9%
$870,833
Alternative Uses
Best Use
Office B
$1.12M
$979.7K – $1.31M
NOI $78,375 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
668
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
$527,100
Median Home Value
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Market
Average Price Trend$/SF for Office Units in King County, WA
Properties on Market for Office Units in King County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Vacant commercial condominium with an established professional office layout and office and retail use provided in the condominium declaration.
Where is this office unit located?
The property is located at 600 S 227th Street COML Des Moines, WA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approximately 3,282 SF of ground‑floor commercial condominium space; 9 private offices plus a large conference room or library; Reception area, waiting space, kitchen, 3 restrooms, and substantial storage
