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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
21449 International Blvd Des Moines, WA 98198-6074
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0198360
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1988
Construction
WOOD
Total area
2,426 SF
Lot
0.4 ac (17,478 SF)
Zoning code
PR-C
APN
092204-9232
UPID
US90-0198360
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
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
Rs Singh LLC · 7 yrs held
Rs Singh LLC
since 2019
7 recorded transactions
Zoning & alternative use
PR-C · Des Moines, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$13,482
Tax year 2022
Assessed value
$1,113,300
Assessed 2022
Previous assessed
$1,113,300
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$436,900
Assessed improvement
$676,400
Land market value
$436,900
Improvement market value
$676,400
Total market value
$1,113,300
Applied tax rate
1,126.0000
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
1988
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
2,426 SF
Lot
0.4 ac (17,478 SF)
Zoning code
PR-C
APN
092204-9232
UPID
US90-0198360
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PR-C · Des Moines, WA
Zoning PR-C · permitted uses
PR-C · Des Moines, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Des Moines. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Rs Singh LLC
Entity
Mailing address
21449 INTERNATIONAL BLVD, DES MOINES, WA 98198-6074
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
—
Rs Singh LLC
—
Deed
related
—
Jun 24, 2019
$1,625,000
Rs Singh LLC
Bun Hwa Financial INC
Warranty Deed
—
Jun 4, 2012
—
Bun Hwa INC
Ldh Investments INC
Quit Claim Deed
related
—
Jun 29, 2007
$965,000
Ldh Investments INC
Jass LLC
Warranty Deed
$3,160,000 · City Bank
Dec 30, 2004
$865,000
Jass LLC
City Bank
Warranty Deed
$721,341 · City Bank
May 14, 2004
$850,000
City Bank
Seil USA Corp
Trustees Deed
related
—
Jan 30, 2002
$820,000
Seil USA Corp
Fajr Fuels Corp
Grant Deed
$832,000 · City Bank
Jan 5, 2001
$434,560
Fajr Fuels Corp
Equilon Enterprises LLC
Grant Deed
$448,431 · Banner Bank
Oct 8, 1996
—
Des Moines City
Texaco Refining & Marketing In
Quit Claim Deed
related
—
—
—
Jass LLC
—
Deed Of Trust
related
$50,000 · City Bank
—
—
Ldh Investments INC
—
Deed Of Trust
related
$2,127,122 · Bains Investments INC
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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