Ground-Floor Office
For Sale
Contact for pricing
612 S 227th St, Des Moines, WA 98198
Vacant professional office condominium with a flexible layout, dedicated reception, meeting space, kitchen, restrooms, and storage.
Property Size3,282 SF
Price / SF$396.10
Days on Market52
Property Features for 612 S 227th St
General Information
Standard status
Active
Size
3,282 SF
Total Parking Spaces
9
Property subtype
OFFICE
Additional Details
Floor
Ground Floor
Highway Access
Yes
Building Details
Owner Occupied
No
Listing Agency:
Engel & Volkers Seattle Downtown
(206) 623-9697
Listed By:
Roberto Laing · License #27769
(206) 552-0599
Source:
Moodyscre
Added: Sep 16
Changed: Nov 5
Last Checked: Nov 4 at 2:26PM
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 Engel & Volkers Seattle Downtown
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 3,282-square-foot commercial condominium occupies a ground-floor position and is delivered vacant. The existing professional office buildout provides 9 private offices, a large conference room/library, reception and waiting areas, a kitchen, three restrooms, and substantial storage. Several offices are sized to support conference or meeting-room functions, offering flexibility for an owner-user or future lease-up.
The unit includes 9 parking spaces and maintains a commercial presence near the Des Moines Marina and waterfront, restaurants, parks, and downtown amenities. Access is convenient to I-5, SR-509, and Sea-Tac Airport. The condominium declaration allows office and retail use; buyers should verify that any intended use complies with applicable zoning and condominium requirements. The commercial unit is identified in property records as 600 S 227th St #COML, with 612 S 227th St serving as the commercial entrance and mailing address.
The unit includes 9 parking spaces and maintains a commercial presence near the Des Moines Marina and waterfront, restaurants, parks, and downtown amenities. Access is convenient to I-5, SR-509, and Sea-Tac Airport. The condominium declaration allows office and retail use; buyers should verify that any intended use complies with applicable zoning and condominium requirements. The commercial unit is identified in property records as 600 S 227th St #COML, with 612 S 227th St serving as the commercial entrance and mailing address.
Key Highlights
- Approximately 3,282 SF ground‑floor commercial condominium
- 9 private offices plus a large conference room/library
- Dedicated reception and waiting areas, kitchen, 3 restrooms, and substantial storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,208
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,384,160
$1.4M
Cap Rate 7%
$988,686
$988.7K
Cap Rate 9%
$768,978
$769.0K
Market Conditions
NOI Build-Up for 3,282 SF
Gross rent
$118.2K $36.00/SF
− Vacancy
−$25.9K −$7.88/SF
EGI
$92.3K $28.12/SF
− OpEx
−$23.1K −$7.03/SF
NOI
$69.2K $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%
$1,384,160
Cap Rate 7%
$988,686
Cap Rate 9%
$768,978
Alternative Uses
Best Use
Office B
$988.7K
$865.1K – $1.15M
NOI $69,208 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $92,017 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
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
$527,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 professional office condominium with a flexible layout, dedicated reception, meeting space, kitchen, restrooms, and storage.
Where is this office unit located?
The property is located at 612 S 227th St 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 ground‑floor commercial condominium; 9 private offices plus a large conference room/library; Dedicated reception and waiting areas, kitchen, 3 restrooms, and substantial storage
