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Property profile & analytics
FOR LEASE
Office buildings
22007 Marine View Dr S Des Moines, WA 98198
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1427638
For Lease
1 / 8
$22 SF/Yr
22007 Marine View Dr S, Des Moines, WA 98198
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
WOOD
Total area
9,100 SF
Lot
0.28 ac (12,398 SF)
Zoning code
D-C
APN
200900-3770
UPID
US90-1427638
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
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.44M
Owner & transaction history
Valdez Holdings II LLC · 4 yrs held
Valdez Holdings II LLC
since 2022
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
D-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
Method
Estimation
Statistic approach
$1,415,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $1.46M (May 31 2022)
Last sale anchor
$1.46M
May 31 2022
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
$158 / 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
$11,921
Tax year 2022
Assessed value
$997,300
Assessed 2022
Previous assessed
$997,300
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$322,300
Assessed improvement
$675,000
Land market value
$322,300
Improvement market value
$675,000
Total market value
$997,300
Applied tax rate
1,107.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1983
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Total area
9,100 SF
Lot
0.28 ac (12,398 SF)
Zoning code
D-C
APN
200900-3770
UPID
US90-1427638
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
D-C · Des Moines, WA
Zoning D-C · permitted uses
D-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
1983
Construction
WOOD
Heating
HEAT PUMP
Stories
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Valdez Holdings II LLC
Entity
Mailing address
14205 SE 36TH ST STE #100, BELLEVUE, WA 98006-1553
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2022
—
Valdez Holdings II LLC
—
Deed
related
$612,000 · Evergreen Business Capital
May 31, 2022
$1,462,500
Valdez Holdings II LLC
Hale & Associates LLC
Warranty Deed
$741,776 · Telco Community Cu
Feb 3, 2017
—
Hale & Associates LLC
—
Deed
related
$900,000 · Heritage Bank
Jul 31, 2007
$1,970,000
Hale & Associates LLC
Sedgewick Plaza Center LLC
Warranty Deed
$960,000 · Washington Mutual Bank
Aug 20, 2003
—
Sedgewick Plaza Center LLC
Jonas,don
Quit Claim Deed
related
—
Aug 6, 2003
$1,600,000
Don Jonas
Reese,william H & Caryl A
Grant Deed
$1,200,000 · Willaim H & Caryl A Reese
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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