Financial
Distress signals
Property profile

21804 Marine View Dr S Des Moines, WA 98198

FOR LEASE
Other commercial real estate
Property ID
US90-0676434
2,156 SF 0.17 ac lot Built 1998
Last sale Oct 1994 · $175,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
21804 Marine View Dr S, Des Moines, WA 98198 For Lease
Contact for pricing 1,509 SF available
21804 Marine View Dr S, Des Moines, WA 98198
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Property summary

AI-generated overview

The property is a commercial space totaling approximately 1,509 square feet, located on Marine View Drive South, a roadway with an estimated traffic count of about 23,000 vehicles per day. The space is configured to support professional services, including office uses such as CPA, legal, technology, tax, and real estate offices, and it may also be suitable for certain retail functions such as a phone or telecom-oriented space.

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.

Mortgages

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 · 2022

What does the county charge?
$5k
Tax billed · 2022
Assessed value$401k
Assessed land$187k
Assessed improvement$214k
Effective rate1.25%

Value estimate

· Sep 2026
$165k
$149k – $182k
AI approach$130k
NOI build-up
Gross scheduled income$54k
Vacancy & credit loss−$12k
Operating expenses−$11k
NOI · 88,388.89% cap applied$32k

Realmo valuation models over county records and 9 qualifying comparable sales.

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
Qualifying comparables9

Cap rate analysis

How does the asset earn?
88,388.89%
$32k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
D-C
Residential: Multi­ family 900A; (vi) RM-900B Restricted Service Zone. (Revised 10/12) 18·36 (2) Commercial Zones. (a) N-C Neighborhood C...
General categoryCOMMERCIAL
JurisdictionKING

Location intelligence

Which uses thrive at this corner?
Best fit: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy12.1
Parking Facility11.7
Carpet & Flooring Store9.2

Location

21804 Marine View Dr S Des Moines, WA 98198
County assessor Recorded deeds · 3 transfers 9 qualifying comp sales 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
21425 International, Des Moines, WA 98198-6074 $2,319,760 May 2025 3,520 SF
28200 9th S, Des Moines, WA 98198-8259 $750,000 Apr 2025 2,560 SF
22340 Marine Vw S, Des Moines, WA 98198-6870 $1,300,000 Mar 2022 5,004 SF
21624 Pacific S, Des Moines, WA 98198-7701 $280,000 May 2021 3,300 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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