Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Grocery and convenience stores
1720 272nd St Des Moines, WA 98198-9354
Entity Owned
11-yr Hold
Free & Clear
Property ID
US90-1433701
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,320 SF
Lot
0.67 ac (29,000 SF)
Zoning code
C-C
APN
282204-9240
UPID
US90-1433701
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
$420k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$552k
Blend (final)
Blend
$700k
Owner & transaction history
Redondo Square Grf2 LLC · 11 yrs held
Redondo Square Grf2 LLC
since 2015
7 recorded transactions
Zoning & alternative use
C-C · Des Moines, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Multi family 900; (v) RM-900A Residential: Multi family 900A; (vi) RM-900B Restricted Service Zone. (Revised 10/12) 18·36 (2) Commercial Zones. (a) N-C Neighborhood Commercial; (b) B-C Business Commercial; (c) C-C Community Commercial; (d) D-C Downtown Commercial; (e) C-G General Commercial (f) I-C Institutional Campus; (g) B-P Business Park; (h) H-C Highw…
Zone name
Commercial
General category
COMMERCIAL
Zone area
1.03 ac
Source
Title 18 Zoning
Top alternative use upside
Commercial (general)
$730,000
+174.8%
Auto repair, garage
$560,000
+109.4%
Office building
$520,000
+95.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
$420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$730,000
Change: +175% · Conversion: Easy
AUTO REPAIR, GARAGE
$560,000
Change: +109% · Conversion: Difficult
OFFICE BUILDING
$520,000
Change: +95% · Conversion: Moderate
Blend value · Realmo final
$700k
Range $630k – $770k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$162 / SF
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
$24,319
Tax year 2022
Assessed value
$2,242,200
Assessed 2022
Previous assessed
$2,242,200
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$725,000
Assessed improvement
$1,517,200
Land market value
$725,000
Improvement market value
$1,517,200
Total market value
$2,242,200
Applied tax rate
1,076.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Buildings
2
Stories
2
Total area
4,320 SF
Lot
0.67 ac (29,000 SF)
Zoning code
C-C
APN
282204-9240
UPID
US90-1433701
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C-C · Des Moines, WAZoning C-C · permitted uses
C-C · Des Moines, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Multi family 900; (v) RM-900A Residential: Multi family 900A; (vi) RM-900B Restricted Service Zone. (Revised 10/12) 18·36 (2) Commercial Zones. (a) N-C Neighborhood Commercial; (b) B-C Business Commercial; (c) C-C Community Commercial; (d) D-C Downtown Commercial; (e) C-G General Commercial (f) I-C Institutional Campus; (g) B-P Business Park; (h) H-C Highway Commercial. [Ord. 1544 § 3, 2012: Ord. 1397 § 1, 2007: Ord. 1237
Zone name
Commercial
General category
COMMERCIAL
Zone area
1.03 ac
Source
Title 18 Zoning
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$560,000
OFFICE BUILDING
Est. value
$520,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Stories
2
Buildings
2
Lot
0.67 ac
Current owner
From public records · entity-resolved
Redondo Square Grf2 LLC
Entity
Free & Clear · 11 yrs held
Mailing address
973 LOMAS SANTA FE DR, SOLANA BEACH, CA 92075-2137
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2023
—
Redondo Prime 1 LLC
—
Deed
related
$19,000,000 · Aetna Life Insurance Co
Nov 25, 2020
—
Redondo Square Grf2 LLC
—
Deed
related
—
Mar 15, 2018
—
Redondo Square Grf2 LLC
—
Grant Deed
related
$200,000,000 · Wells Fargo Bk
Jul 13, 2015
—
Redondo Square Grf2 LLC
Redondo Square Garp LLC
Quit Claim Deed
related
—
May 15, 2014
$24,900,000
Redondo Square Garp LLC
Pnw Redondo Square LLC
Grant Deed
—
Nov 20, 2013
—
Pnw Redondo Square LLC
Joshua Green Corp
Quit Claim Deed
related
—
—
—
Redondo Square Garp LLC
—
Deed Of Trust
related
$16,250,000 · Aetna Health & Life Ins Co
—
—
Redondo Square Grf2 LLC
—
Loan Modification
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1720 272nd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
