Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12644 Des Moines Memorial S Dr Seattle, WA 98168-2268
    Back to Search
    Property profile & analytics

    12644 Des Moines Memorial S Dr Seattle, WA 98168-2268

    View on Map
    • Retail space
    • 2,120 SF
    • 0.34 lot acres
    Off-Market
    Property ID
    US90-3131107
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • World of Mayhem / Auto Repair Shop / Motorcycle Shop

    Property Details for 12644 Des Moines Memorial S Dr

    Year built
    1946
    Construction
    WOOD
    Lot size
    0.34 lot acres
    Property size
    2,120 SF
    Zone code
    CI
    Property type
    Retail space
    APN
    098500-1250
    APU
    985001250

    Description

    This exceptional 1100000 USD commercial property, located at 12644 Des Moines Memorial Drive in Burien, WA, presents a unique investment opportunity. Currently zoned C1, this versatile property allows for a blend of retail and residential uses, making it ideal for a variety of businesses and development plans. The property features a level lot providing ample space for storage of vehicles, boats, or other equipment, offering additional income streams. Its strategic location offers easy access to Sea-Tac Airport and major freeways, ensuring excellent connectivity. Nearby amenities include North Sea-Tac Park, recreational fields, walking trails, a children's play area, and two golf courses within a mile and a half radius. The City of Burien's planned rezoning in 2025 is projected to increase density and allowable uses, significantly enhancing the property's future value. This presents a compelling opportunity to acquire a property before these anticipated zoning changes take effect. The seller is open to considering all offers. This is a rare chance to secure a prime commercial property in a rapidly developing area with significant upside potential. Don't miss this chance to capitalize on the growth of Burien.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.311
    Latitude
    47.4892
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,261
    $202,900
    $217,100
    $420,000
    -
    $202,900
    $217,100
    $420,000

    Comparable in this City

    • Value Estimation
      $975,000
      4,723 SF

      11002 1st S Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,723 SF
      11002 1st S Ave, Seattle, WA 98168-1402
      View Details
    • Value Estimation
      $6,220,000
      9,876 SF

      3716 144th St

      RETAIL STORES (PERSONAL SERVICES) • 9,876 SF
      3716 144th St, Tukwila, WA 98168-4045
      View Details
    • Value Estimation
      $1,290,000
      6,864 SF

      10859 1st S Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,864 SF
      10859 1st S Ave, Seattle, WA 98168-1309
      View Details
    • Value Estimation
      $635,000
      3,468 SF

      14639 Tukwila International Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,468 SF
      14639 Tukwila International Blvd, Tukwila, WA 98168-4326
      View Details
    • Value Estimation
      $1,045,000
      6,500 SF

      160 108th St

      RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
      160 108th St, Seattle, WA 98168-1350
      View Details
    • Value Estimation
      $540,000
      2,600 SF

      10825 Myers S Way

      RETAIL STORES (PERSONAL SERVICES) • 2,600 SF
      10825 Myers S Way, Seattle, WA 98168-1367
      View Details

    Similar Nearby for Sale

    • $2,300,000

      Tukwila Mixed-Use Building For Sale

      Versatile retail, office, and warehouse space on Tukwila International Boulevard.
      13003 Tukwila International Blvd, Tukwila, WA 98168
      View Details
    • Contact for pricing

      Prime Retail Space on 1st Avenue

      Rare opportunity in desirable Seattle retail corridor with high visibility.
      11042 1St Ave S, Seattle, WA 98168
      View Details
    • Contact for pricing

      Prime Retail Space on 1st Avenue

      Boutique storefront in high-traffic Seattle location with expansion potential.
      11042 1St Ave S, Seattle, WA 98168
      View Details
    • $69,934

      Industrial Land For Lease

      2.68 acres of industrial land available for lease.
      10215 East Marginal Way S, Tukwila, WA 98168
      View Details
    • $3,500,000
      6,000 SF

      Remodeled Mixed-Use Corner Lot

      Remodeled mixed-use building with apartments, office, and warehouse space.
      108 108Th St, Seattle, WA 98168
      View Details
    • Contact for pricing

      Southcenter Plaza Office Suites

      Office suites in park-like setting near Green River Trail.
      14900 Interurban Ave S, Seattle, WA 98168
      View Details

    Similar Nearby for Lease

    • $2,802 /Mo
      1,681 SF

      Remodeled Retail/Office Space Available

      Newly remodeled retail or office space in densely populated area.
      11002 1St Ave S, Seattle, WA 98168
      View Details
    • $2,883 /Mo
      1,384 SF

      Tukwila Commercial Space Available

      Commercial space available for rent in Tukwila, Washington.
      14240 Interurban Ave S, Tukwila, WA 98168
      View Details
    • $186,175,000
      11,000 SF

      Tukwila Commercial Space For Rent

      Distribution and showroom space available in Tukwila, Washington.
      3415 116Th St, Tukwila, WA 98168
      View Details
    • $26 SF/Yr
      3,237 SF

      Tukwila Office Building For Rent

      Stand-alone office building with glass line and perimeter windows available for rent.
      13975 Interurban Ave S, Tukwila, WA 98168
      View Details
    • $1,439 /Mo
      5,756 SF

      Divisible Office/Flex Space in Tukwila

      5,756 SF divisible office/flex space for lease in Tukwila.
      3516 116Th St, Tukwila, WA 98168
      View Details
    • $3,421 /Mo
      1,642 SF

      Tukwila Office Space For Rent

      Office space with convenient access to transportation and amenities.
      14240 Interurban Ave S, Tukwila, WA 98168
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12644 Des Moines Memorial S Dr
    Seattle, WA 98168-2268
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12644 Des Moines Memorial S Dr, Seattle, WA, 98168
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!