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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Office buildings
22211 Marine Vw S Dr Des Moines, WA 98198-6251
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1156128
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,920 SF
Lot
0.14 ac (6,000 SF)
Zoning code
D-C
APN
200900-4015
UPID
US90-1156128
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
$1.42M
Owner & transaction history
Dsm Property LLC · 7 yrs held
Dsm Property LLC
since 2018
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,045,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±10%
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
$205 / 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
$26,367
Tax year 2022
Assessed value
$1,155,600
Assessed 2022
Previous assessed
$1,155,600
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$156,000
Assessed improvement
$999,600
Land market value
$156,000
Improvement market value
$999,600
Total market value
$1,155,600
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
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
6,920 SF
Lot
0.14 ac (6,000 SF)
Zoning code
D-C
APN
200900-4015
UPID
US90-1156128
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$2.0M
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Dsm Property LLC
Entity
Mailing address
6518 204TH DR NE, REDMOND, WA 98053-7828
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2018
$1,090,000
Dsm Property LLC
Powell Rentals LLC
Warranty Deed
—
Jun 18, 2009
—
Powell Rentals LLC
Rhino Properties LLC
Quit Claim Deed
related
—
Aug 25, 2006
$610,000
Rhino Properties LLC
22211 Marive View Drive LLC
Warranty Deed
$457,963 · Bank Of America
Sep 1, 2005
$460,000
22211 Marine View Drive LLC
Mclaughlin Trust
Warranty Deed
—
Oct 9, 1991
$285,000
Joseph T Mclaughlin
Miller,edward C&
Grant Deed
$85,500 · Seller
May 1, 1989
$106,000
Edward C Miller
Miller
Grant Deed
related
$91,200 · Seller
—
—
Powell Rentals LLC
—
Deed Of Trust
related
—
—
—
Powell Rentals LLC
—
Deed Of Trust
related
—
—
—
Powell Rentals LLC
—
Deed Of Trust
related
—
—
—
Rhino Properties LLC
—
Deed Of Trust
related
$250,000 · Bank Of America
—
—
Powell Rentals LLC
—
Deed Of Trust
related
—
—
—
Powell Rentals LLC
—
Deed Of Trust
related
$900,000 · First Mutual Bank
—
—
Powell Rentals LLC
—
Deed Of Trust
related
—
—
—
Powell Rentals LLC
—
Loan Modification
related
—
—
—
22211 Marine View Drive LLC
—
Deed Of Trust
related
$460,000 · David J Steggell
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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