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Property profile & analytics
OFF-MARKET
Land

0 Des Moines Land Des Moines, WA 98198

9,069 SF
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents 9,069 square feet of commercially zoned land in Des Moines, Washington, priced at $400,000 ($44.11/sq ft). Ideally situated in King County, zip code 98198, this property boasts a prime location adjacent to thriving multi-family developments, ensuring strong potential for future growth and high occupancy rates. The land offers a readily available pad adjacent to Puddle Jumpers Childcare and directly across the street from a Dollar Tree, providing excellent visibility and convenient access to essential services. Its proximity to the Des Moines Marina adds significant recreational appeal, while its location minutes from Interstate 5 ensures easy commuting and accessibility. This multifamily-zoned land presents a unique chance to capitalize on the area's robust growth and high demand for residential units. The property's strategic location and surrounding amenities make it an attractive proposition for developers seeking to build a new multifamily complex or expand existing developments. This is a rare opportunity to acquire a well-positioned parcel in a thriving Des Moines neighborhood.

Property profile
Verified
Property type Land
Total area 9,069 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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