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Property profile & analytics
OFF-MARKET
Parking lots & garages
1314 218th St Des Moines, WA 98198-8326
Individually Owned
10-yr Hold
Free & Clear
Property ID
US90-2599021
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
1.2 ac (52,275 SF)
Zoning code
RM-2400
APN
082204-9185
UPID
US90-2599021
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
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
DES MOINES CITY
DES MOINES CITY
Zoning & alternative use
RM-2400 · Des Moines, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
18 ZONING! Chapters: 18.02 General Provisions 18.04 Definitions 18.06 Zones, Maps, and Boundaries 18.08 Single. Family Residential Zone 18.10 RA·3,600 Residential: Attached Townhouse and Duplex 3,600 Zone 18.12 RM.2,400 Residential: Multifamily 2,400 Zone 18.14 RM.l,800 Residential: Multifamily 1,800 Zone 18.16 RM·900 Residential: Multifamily 900 Zone 18.18…
Zone name
Residential Multi Family 2400
General category
RESIDENTIAL
Zone area
109.35 ac
Source
Title 18 Zoning
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Des Moines submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$19
Tax year 2022
Applied tax rate
1,107.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
1.2 ac (52,275 SF)
Zoning code
RM-2400
APN
082204-9185
UPID
US90-2599021
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RM-2400 · Des Moines, WAZoning RM-2400 · permitted uses
RM-2400 · Des Moines, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
18 ZONING! Chapters: 18.02 General Provisions 18.04 Definitions 18.06 Zones, Maps, and Boundaries 18.08 Single. Family Residential Zone 18.10 RA·3,600 Residential: Attached Townhouse and Duplex 3,600 Zone 18.12 RM.2,400 Residential: Multifamily 2,400 Zone 18.14 RM.l,800 Residential: Multifamily 1,800 Zone 18.16 RM·900 Residential: Multifamily 900 Zone 18.18 RM·900A and RM·900B Residential: Multifamily 900A Zone - RM·900A and Restri
Zone name
Residential Multi Family 2400
General category
RESIDENTIAL
Zone area
109.35 ac
Source
Title 18 Zoning
Building & site characteristics
From public records
Heating
NONE
Lot
1.2 ac
Current owner
From public records · entity-resolved
DES MOINES CITY
Individual
Free & Clear · 0 yrs held
Mailing address
21630 11TH AVE S, DES MOINES, WA 98198-6317
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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