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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Residential income homes
22015 8th S Ave Des Moines, WA 98198-6387
Entity Owned
12-yr Hold
Property ID
US90-0676435
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,200 SF
Lot
0.18 ac (7,800 SF)
Zoning code
RS-8400
APN
605240-1275
UPID
US90-0676435
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
8th Ave Des Moines Props LLC · 12 yrs held
8th Ave Des Moines Props LLC
since 2014
7 recorded transactions
Zoning & alternative use
RS-8400 · Des Moines, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
and in this category there is a further distinction in terms of required minimum lot area and open spaces that establish a degree of less restric tiveness in the following sequence: R-SR, R-SE, RS-15,000, RS-9,600, RS-8,400, RS-7,200, and RS-4,000, the numeral suffix referring to required minimum lot areas. As greater population density is permitted by zone…
Zone name
Single Family Residential 8400
General category
RESIDENTIAL
Zone area
303.74 ac
Source
Title 18 Zoning
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
$170 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,151
Tax year 2024
Assessed value
$841,000
Assessed 2023
Previous assessed
$841,000
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$125,000
Assessed improvement
$716,000
Land market value
$125,000
Improvement market value
$716,000
Total market value
$841,000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Units
4
Total area
3,200 SF
Lot
0.18 ac (7,800 SF)
Zoning code
RS-8400
APN
605240-1275
UPID
US90-0676435
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RS-8400 · Des Moines, WAZoning RS-8400 · permitted uses
RS-8400 · Des Moines, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
and in this category there is a further distinction in terms of required minimum lot area and open spaces that establish a degree of less restric tiveness in the following sequence: R-SR, R-SE, RS-15,000, RS-9,600, RS-8,400, RS-7,200, and RS-4,000, the numeral suffix referring to required minimum lot areas. As greater population density is permitted by zone, the uses permitted are considered to be ( (
Zone name
Single Family Residential 8400
General category
RESIDENTIAL
Zone area
303.74 ac
Source
Title 18 Zoning
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Units
4
Lot
0.18 ac
Current owner
From public records · entity-resolved
8th Ave Des Moines Props LLC
Entity
Mailing address
820 S 226TH PL, DES MOINES, WA 98198-6933
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2014
—
8th Ave Des Moines Props LLC
Peterson,mark W & Susan
Quit Claim Deed
related
—
May 20, 2013
$350,000
Mark W Peterson
Brown Ronald G
Quit Claim Deed
related
—
Mar 11, 2002
$338,000
Andy H Cho
Hronek,john P & Colette A
Grant Deed
$270,400 · Option One Mortgage Corp
Nov 19, 1998
$265,000
John O Hronek
Frank,dennis B
Grant Deed
$198,750 · Evergreen Moneysource Mtg Co
—
—
Dennis B Frank
—
Deed Of Trust
related
$87,000 · Keycorp Mortgage INC
—
—
John P Hronek
—
Deed Of Trust
related
$213,000 · World Savings Bank
—
—
Andy H Cho
—
Deed Of Trust
related
$140,000 · Greenpoint Mortgage Funding
—
—
John P Hronek
—
Deed Of Trust
related
$13,250 · Individual
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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