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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Retail space
22307 Marine Vw S Dr Des Moines, WA 98198-6872
Entity Owned
~
Est. High Equity
Property ID
US90-1040617
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
WOOD
Total area
3,040 SF
Lot
0.05 ac (2,280 SF)
Zoning code
D-C
APN
200900-4781
UPID
US90-1040617
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
$695k
Comparable Approach
Comparable
$905k
Blend (final)
Blend
$800k
Owner & transaction history
Dts In Des Moines LLC
Dts In Des Moines LLC
since 2025
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
D-C · Des Moines, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+2.6%
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%
$755,000
6.5%
$695,000
7%
$650,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,220,000
Current use
AUTO REPAIR, GARAGE
$1,250,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$1,075,000
Change: -12% · Conversion: Easy
MEDICAL BUILDING
$1,045,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Jun 29 2025)
Last sale anchor
$800k
Jun 29 2025
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
$263 / 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
$5,686
Tax year 2022
Assessed value
$507,600
Assessed 2022
Previous assessed
$507,600
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$59,200
Assessed improvement
$448,400
Land market value
$59,200
Improvement market value
$448,400
Total market value
$507,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1945
Construction
WOOD
Heating
ELECTRIC
Cooling
CENTRAL
Stories
2
Total area
3,040 SF
Lot
0.05 ac (2,280 SF)
Zoning code
D-C
APN
200900-4781
UPID
US90-1040617
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
RETAIL STORES Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1945
Construction
WOOD
Heating
ELECTRIC
Cooling
Yes
Stories
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Dts In Des Moines LLC
Entity
Mailing address
3102 SW 172ND ST, BURIEN, WA 98166-3162
Ownership since
2025
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
Sep 29, 2025
$800,000
Dts In Des Moines LLC
Dixie M Kendrick
Warranty Deed
$720,000 · Us Metro Bank
Mar 31, 2017
$350,000
Dixie M Kendrick
Rykyty Pirates Cove LLC
Warranty Deed
—
Mar 31, 2017
—
Dixie M Kendrick
Joseph,marty L
Quit Claim Deed
related
—
Dec 29, 2005
$175,000
Rykyty Pirates Cove LLC
Guthrie,edwin C
Grant Deed
$280,000 · Homestreet Bank
Mar 17, 1993
—
Villareale,robert W&guthrie
Guthrie,edwin C
Grant Deed
related
—
—
—
Edwin C Guthrie
—
Deed Of Trust
related
$60,000 · Pacific Northwest Bank
—
—
Rykyty Pirates Cove LLC
—
Deed Of Trust
related
$200,000 · Bank Of Wa
—
—
Edwin C Guthrie
—
Deed Of Trust
related
$166,121 · Pacific Northwest Bank
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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