Entity Owned Property summary
This exceptional commercial land parcel in Des Moines, WA, presents a unique investment opportunity. Located at 21616 7th Pl S, 98198, this property boasts a lot size ranging from 9,069 to 25,080 square feet and is zoned for high-density multifamily development. Its prime location offers unparalleled access to amenities and key transportation routes. Situated just one block from the Des Moines Marina, this property provides stunning waterfront views that will be visible to upper floors in… any future development. Furthermore, its proximity to I-5 and Seattle International Airport (within ¾ of a mile) ensures excellent connectivity. The property's adjacency to the rapidly expanding Wesley Retirement Community adds to its appeal, providing a built-in market for potential residential developments. Des Moines itself is a thriving waterfront community midway between Seattle and Tacoma, offering a vibrant atmosphere and a strong local economy supported by Highline College, with its 16,000+ students and 550 employees. This location offers housing opportunities for all income levels and is experiencing significant growth, making this land a highly attractive investment for developers seeking to capitalize on the area's potential. The asking price for this exceptional property is $2,400,000.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
5 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 2,054 SF
- Lot area
- 0.23 ac
- Year built
- 1900
- Stories
- 2
- APN
- 200900-0005
- Zoning
- D-C
- Assessed value · 2023
- $410,800
- Annual tax · 2024
- $6,077
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
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 Downt…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Location Insight
- Alternative use
- Local Zoning Insight
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- Owner Contacts
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- Everything in the Light report
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- Value Estimation
- NOI Potential
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- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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