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    OFF-MARKET
    Day care centers

    21616 7th S Pl, Des Moines, WA 98198-6123

    2,054 SF 0.23 ac lot Built 1900
    Entity Owned Free & Clear
    Property ID
    US90-1287898
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Day care centers
    Use group DAY CARE, PRE-SCHOOL
    Year built 1900
    Construction FRAME
    Total area 2,054 SF
    Lot 0.23 ac (10,080 SF)
    Zoning code D-C
    APN 200900-0005
    UPID US90-1287898
    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
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Tower Memorial Church
    Tower Memorial Church
    since 2026
    4 recorded transactions
    2026
    $940,000
    1969
    1969
    1969
    Zoning & alternative use
    D-C · Des Moines, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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