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Financial
Distress signals
Property profile

21402 24th S Ave Des Moines, WA 98198

OFF-MARKET
Showrooms
Property ID
US90-2993549
248,499 SF 11.5 ac lot Built 2018
Last sale Dec 2018 · $111,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$762k
Tax billed · 2024
Assessed value · 2023$49.27M
Assessed land$12.53M
Assessed improvement$36.74M
Effective rate1.55%

Value estimate

· Oct 2026
$51.55M
$46.40M – $56.71M
CAP approach$50.47M
Submarket $/SF estimate$38.77M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$506/SF
Submarket average, outlier-cleaned · 269 recorded sales of this use type
Observed band · Q1–Q3$213 – $957

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PR-C
The principal objective and purpose of this zone and its application is to implement the City of Des Moines Comprehensive Plan, Pacific R...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency28.8
Building Supply25.4
Dental Office24.2

Location

21402 24th S Ave Des Moines, WA 98198-4337
County assessor Recorded deeds · 10 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2021 208th, Seatac, WA 98198-5175 $109,900,000 Jan 2026 245,520 SF
22705 Marine Vw S, Des Moines, WA 98198-8409 $3,000,000 Mar 2025 12,220 SF
22309 7th S, Des Moines, WA 98198-6800 $1,975,000 Aug 2024 11,440 SF
830 230th, Seattle, WA 98198 $1,195,000 Dec 2020 10,456 SF
21615 Pacific S, Des Moines, WA 98198-7703 $4,400,000 Dec 2019 24,020 SF
21202 24th S, Des Moines, WA 98198-4328 $111,000,000 Dec 2018 299,975 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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