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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1720 272nd St Des Moines, WA 98198-9354

    • Grocery and convenience stores
    • 4,320 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1433701
    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.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1720 272nd St

    Year built
    1992
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.67 lot acres
    Property size
    4,320 SF
    Zone code
    C-C
    Property type
    Grocery and convenience stores
    APN
    282204-9240
    APU
    2822049240

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $552,000
      Market price range: $552k - $1.18M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $730,000
      AUTO REPAIR, GARAGE
      $560,000
      OFFICE BUILDING
      $520,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    King
    State
    Washington
    Longitude
    -122.311
    Latitude
    47.3582
    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
    $24,319
    $725,000
    $1,517,200
    $2,242,200
    -
    $725,000
    $1,517,200
    $2,242,200

    Comparable in this City

    • Value Estimation by Request
      1,883 SF

      23845 Pacific S Hwy

      CONVENIENCE STORE • 1,883 SF
      23845 Pacific S Hwy, Des Moines, WA 98198-8740
      View Details
    • Value Estimation
      $600,000
      2,400 SF

      21620 Marine Vw S Dr

      CONVENIENCE STORE • 2,400 SF
      21620 Marine Vw S Dr, Des Moines, WA 98198-6154
      View Details
    • Value Estimation
      $615,000
      3,400 SF

      20619 Military S Rd

      CONVENIENCE STORE • 3,400 SF
      20619 Military S Rd, Seatac, WA 98198-4817
      View Details
    • Value Estimation by Request
      2,426 SF

      21449 International Blvd

      CONVENIENCE STORE • 2,426 SF
      21449 International Blvd, Des Moines, WA 98198-6074
      View Details
    • Value Estimation
      $6,985,000
      51,710 SF

      21401 International Blvd

      GROCERY, SUPERMARKET • 51,710 SF
      21401 International Blvd, Des Moines, WA 98198-6074
      View Details
    • Value Estimation
      $3,245,000
      3,240 SF

      25915 Pacific S Hwy

      CONVENIENCE STORE • 3,240 SF
      25915 Pacific S Hwy, Des Moines, WA 98198-9021
      View Details

    Similar Nearby for Sale

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      Mixed-Use Development Opportunity Near Waterfront

      Two buildings on 2.34 acres near Des Moines waterfront.
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      Des Moines Commercial Buildings For Sale

      Two commercial buildings for sale in Des Moines, Washington.
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    • $1,995,000
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      Mixed-Use Development Opportunity

      Mixed-use development site with completed drawings for apartments and retail.
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    • Contact for pricing
      18 SF

      International Boulevard Flex/Retail Space

      Flexible retail/flex/assembly/shop/showroom space on International Boulevard.
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      Des Moines Retail Investment Opportunity

      Retail property with long-term tenant and stable income stream.
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    • $6,950,000
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      Waterfront Restaurant with Redevelopment Potential

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    Similar Nearby for Lease

    • $17 SF/Yr
      1,470 SF

      Des Moines Retail Space Available

      Retail space available for lease in Des Moines, Washington.
      23100 Pacific Hwy S, Des Moines, WA 98198
      View Details
    • $42 SF/Yr
      56,741 SF

      Redondo Square Retail Spaces

      Des Moines retail center, multiple spaces available.
      27005 Pacific Hwy, Des Moines, WA 98198
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    • $22 SF/Yr
      1,065 SF

      New Mixed-Use Development Retail Space

      Commercial spaces available in a new mixed-use development.
      21800 Pacific Hwy S, Des Moines, WA 98198
      View Details
    • $36 SF/Yr
      2,156 SF

      Marine View Drive Retail Space

      High-traffic retail/office suites available.
      21804 Marine View Dr, Des Moines, WA 98198
      View Details
    • $36 SF/Yr
      1,509 SF

      High-Traffic Office/Retail Space Available

      Office/retail space for lease on high-traffic Marine View Drive.
      21804 Marine View Dr S, Des Moines, WA 98198
      View Details
    • $1.05 SF/Yr
      78,720 SF

      Industrial Space Near Sea-Tac Airport

      Industrial space with office, near I-5 & SR-509.
      2369-2383 S 200Th St, Seattle, WA 98198
      View Details

    Property Visit Statistics

    • Visits by month
      8.0k
    • Visitors by month
      6.6k
    • Avg Time on site
      9 min
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    Des Moines, WA 98198-9354
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    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
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