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Financial
Distress signals
Property profile

22608 Marine View Dr South Des Moines, WA 98198

FOR SALE
Office buildings
View Listing
Property ID
US90-1354241
6,546 SF 0.17 ac lot Built 2008
Last sale Jun 2004 · $315,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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 · 2022

What does the county charge?
$12k
Tax billed · 2022
Assessed value$1.03M
Assessed land$195k
Assessed improvement$833k
Effective rate1.15%

Value estimate

· Oct 2026
$315k
$284k – $347k
AI approach$350k
NOI build-up
Gross scheduled income$213k
Vacancy & credit loss−$47k
Operating expenses−$42k
NOI · 5.43% cap applied$125k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$353/SF
Submarket average, outlier-cleaned · 337 recorded sales of this use type
Observed band · Q1–Q3$205 – $579

Cap rate analysis

How does the asset earn?
5.43%
$125k 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
Pharmacy11.5
Parking Facility11.3
Auto Parts Store10.8

Location

22608 Marine View Dr South Des Moines, WA 98198
County assessor Recorded deeds · 8 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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
22024 Marine Vw S, Des Moines, WA 98198-6230 $1,200,000 Dec 2024 4,320 SF
22007 Marine Vw S, Des Moines, WA 98198-6259 $1,462,500 May 2022 9,100 SF
22014 7th S, Des Moines, WA 98198-6235 $1,489,750 Oct 2021 11,590 SF
22659 Pacific S, Des Moines, WA 98198-5155 $2,100,000 Aug 2021 9,378 SF
805 219th, Des Moines, WA 98198-6381 $595,000 Oct 2020 3,176 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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