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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Parking lots & garages
22456 Pacific S Hwy Des Moines, WA 98198-5105
Individually Owned
6-yr Hold
Free & Clear
Property ID
US90-1660766
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1956
Construction
WOOD FRAME
Total area
3,136 SF
Lot
0.35 ac (15,050 SF)
Zoning code
PR-C
APN
250060-0152
UPID
US90-1660766
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
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$655k
Owner & transaction history
Yareton Invs & Mgmt Seatac L · 6 yrs held
Yareton Invs & Mgmt Seatac L
since 2020
Last sale
$620,000
7 recorded transactions
Zoning & alternative use
PR-C · Des Moines, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
after referred to as zones, have unique land use and development regulations, and some general regulations apply to each zone. The three Pacific Ridge zones are as follows: (a) PR-R, Pacific Ridge Residential. (b) PR -C 1, Pacific Ridge Commercial 1. (c) PR -C2, Pacific Ridge Commercial 2. (2) Other zones may be applied to existing and planned public facilit…
Zone name
Pacific Ridge Commercial
General category
COMMERCIAL
Zone area
140.05 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
Method
Estimation
Statistic approach
$705,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$655k
Range $590k – $721k · ±10% · vs last sale $620k (Mar 6 2020)
Last sale anchor
$620k
Mar 6 2020
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
$209 / 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
$5,669
Tax year 2022
Assessed value
$421,400
Assessed 2022
Previous assessed
$421,400
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$421,400
Land market value
$421,400
Total market value
$421,400
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1956
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Total area
3,136 SF
Lot
0.35 ac (15,050 SF)
Zoning code
PR-C
APN
250060-0152
UPID
US90-1660766
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
PR-C · Des Moines, WAZoning 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
Zoning description
after referred to as zones, have unique land use and development regulations, and some general regulations apply to each zone. The three Pacific Ridge zones are as follows: (a) PR-R, Pacific Ridge Residential. (b) PR -C 1, Pacific Ridge Commercial 1. (c) PR -C2, Pacific Ridge Commercial 2. (2) Other zones may be applied to existing and planned public facilities, parks, utilities, and similar land uses. (3) For application of the g
Zone name
Pacific Ridge Commercial
General category
COMMERCIAL
Zone area
140.05 ac
Source
Title 18 Zoning
Building & site characteristics
From public records
Year built
1956
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Yareton Invs & Mgmt Seatac L
Individual
Free & Clear · 6 yrs held
Mailing address
22406 PACIFIC HWY S, DES MOINES, WA 98198-5105
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2020
—
Yareton Invs & Mgmt Seatac L
Yareton Invs & Mgmt Washingto
Quit Claim Deed
related
—
Jan 22, 2019
—
Yareton Invs & Mgmt LLC
—
Loan Modification
related
$27,000,000 · East West Bk
Sep 21, 2017
—
Artemis Hotel Group Co Ltd
—
Loan Modification
related
$22,000,000 · East West Bk
May 12, 2014
$620,000
Yareton Inv & Mgmt Washington
Alyasiri,ali
Warranty Deed
—
Mar 18, 2002
$300,000
Ali Alyasiri
Dunn,ron
Grant Deed
$240,000 · Wilma Matz
Jan 23, 2002
—
Des Moines City (ia)
Dunn,roy E
Grant Deed
related
—
Jul 14, 1998
$275,000
Roy E Dunn
Barker,john F & Joan C
Grant Deed
$281,500 · City 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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