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Property profile

21616 7th S Pl Des Moines, WA 98198

OFF-MARKET
Day care centers
Property ID
US90-1287898
2,054 SF 0.23 ac lot Built 1900
Entity Owned Free & Clear

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2026
4 recorded transactions
2026
$940,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

D-C · Des Moines, WA
Zoning description

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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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