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    27005 Pacific Hwy Des Moines, WA 98198

    For Lease
    $42 SF/Yr

    Des Moines retail center, multiple spaces available.

    Lot size:
    56,741 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Redondo Square, located at 27005 Pacific Highway South in Des Moines, Washington 98198, offers exceptional retail opportunities in King County. This established shopping center boasts a total of 56,741 square feet, with multiple spaces currently available. Individual spaces range from a minimum of 1,400 square feet to a maximum contiguous space of 4,000 square feet, with a total of 8,900 square feet currently vacant. The property benefits from high visibility and convenient access from both Interstate 5 and Highway 99, ensuring significant foot traffic and exposure. Strong co-tenancy adds to the appeal, including established businesses such as Safeway, Bartell Drugs, and Planet Fitness, along with Banfield Pet Hospital and Taco Bell. This prime location presents a unique chance to establish or expand a retail presence in a thriving community. The property's strategic placement and impressive tenant mix make it an ideal investment for businesses seeking high visibility and a strong customer base. Interested parties should inquire about available space and lease terms. The property is categorized as an outparcel/pad, storefront, and shopping center.

    Property Features for 27005 Pacific Hwy

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    56,741 SF
    Total Rate
    200957.71

    Unit(s) available at that property

    Space
    Suite 27077( Pad Site)
    Size
    4,000 SF
    Rate per SF
    $42
    Space
    Suite 1649
    Size
    3,500 SF
    Rate per SF
    $48
    Space
    Suite 27013
    Size
    1,400 SF

    HighLights

    • Highly desirable neighborhood shopping center with strong national and regional tenant mix.
    • Prime location at the hard corner of Pacific Highway and 272nd Street.
    • NNN lease, estimated $10.10 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    King
    State
    Washington
    Longitude
    -122.3095252
    Latitude
    47.3595828

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    FAQs

    What type of property is this?
    Lifestyle center - Des Moines retail center, multiple spaces available.
    Where is this lifestyle center located?
    The property is located at 27005 Pacific Hwy Des Moines, WA.
    What is the lease rate?
    The lease rate is $0.00-$48 SF/Yr.
    What are key features of this property?
    This property features: Highly desirable neighborhood shopping center with strong national and regional tenant mix.; Prime location at the hard corner of Pacific Highway and 272nd Street.; NNN lease, estimated $10.10 per square foot.
    Request Owner's contact information
    27005 Pacific Hwy Des Moines, WA 98198
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    Des Moines, WA 98198
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    27005 Pacific Hwy Des Moines, WA 98198
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