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Property profile & analytics
OFF-MARKET
Estimated value
$3,770,000
Office buildings
22419 Pacific S Hwy Des Moines, WA 98198-5106
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1397962
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
27,000 SF
Lot
1.74 ac (75,753 SF)
Zoning code
PR-C
APN
250060-0005
UPID
US90-1397962
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
$3.77M
Owner & transaction history
Seattle Smsa Limited Partnership · 4 yrs held
Seattle Smsa Limited Partnership
since 2022
7 recorded transactions
Zoning & alternative use
PR-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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$140 / 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
$6,093
Tax year 2022
Assessed value
$35,200
Assessed 2022
Previous assessed
$35,200
+0.0% YoY
Effective rate
17.31%
On assessed value
Assessed land
$8,100
Assessed improvement
$27,100
Land market value
$8,100
Improvement market value
$27,100
Total market value
$35,200
Applied tax rate
1,126.0000
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
27,000 SF
Lot
1.74 ac (75,753 SF)
Zoning code
PR-C
APN
250060-0005
UPID
US90-1397962
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PR-C · Des Moines, WA
Zoning PR-C · permitted uses
PR-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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.74 ac
Current owner
From public records · entity-resolved
Seattle Smsa Limited Partnership
Entity
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
—
Cascade Public Schools
—
Deed
related
$2,600,000 · Raza Development Fund INC
Jan 5, 2022
—
Seattle Smsa Limited Partnership
Pacific Ridge Center 224 LLC
Lease
—
Dec 18, 2020
—
Cascade Public Schools
—
Deed
related
$490,000 · Washington Charter Sch Dev INC
May 26, 2020
—
Cascade Public Schools
—
Deed
related
$850,000 · Raza Dev Fund
Oct 28, 2019
—
Pacific Ridge Center 224 LLC
—
Deed
related
—
Dec 7, 2018
—
Pacific Ridge Center 224 LLC
—
Deed
related
$200,000 · Us Bank NA
Sep 30, 2016
—
Pacific Ridge Center 224 LLC
—
Deed
related
$200,000 · Us Bank NA
Jan 11, 2010
$3,005,198
Pacific Ridge Center 224 LLC
Comprehensive Health Education
Warranty Deed
$2,705,198 · Comprehensive Health Education
Nov 30, 1990
$1,200,000
Health Educat Comprehensive
Dirksen,hans&eta
Grant Deed
—
May 17, 1988
$985,000
Hans Jarvis Dirksen
Jackson
Grant Deed
$935,700 · Security Pacific National Bank
—
—
Pacific Ridge Center 224 LLC
—
Loan Modification
related
—
—
—
Cascade Public Schools
—
Deed Of Trust
related
$850,000 · Raza Dev Fund
—
—
Cascade Public Schools
—
Deed Of Trust
related
$490,000 · Washington Charter Sch Dev INC
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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