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Property profile & analytics
FOR SALE
Office buildings

22506 Marine View Dr S Des Moines, WA 98198

6,888 SF 0.22 ac lot Built 2007
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US90-0869850
Property summary
AI-generated overview

This exceptional 2,005 square foot office space is located in a three-story, Class C building at 22506 Marine View Dr S, Des Moines, WA 98198. Built in 2007, the building offers a total of 5,760 square feet across four suites. This particular suite boasts a desirable top-floor location with abundant natural light from two walls of windows, providing breathtaking views of Puget Sound. The space includes a well-appointed conference room, private office, a convenient breakroom/kitchenette, a copy room, and two in-suite restrooms. The remaining area offers flexible open office space, ideal for various business configurations. The building features an elevator for easy access to all three floors. This property is situated in the Des Moines submarket of South King County, offering easy access to a variety of amenities. The suite is currently vacant and ready for immediate occupancy. The maximum contiguous space available is 2,005 square feet. This is a multiple tenancy building.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Construction WOOD
Total area 6,888 SF
Lot 0.22 ac (9,600 SF)
Zoning code D-C
APN 200660-0200
UPID US90-0869850
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
$1.67M
Owner & transaction history
Mrp Enterprises INC · 17 yrs held
Mrp Enterprises INC
since 2008
7 recorded transactions
2018
Price N/A
2016
Price N/A
2008
$1.8M
2005
$230,000
1999
$132,200
1988
$22,000
1969
Price N/A
Zoning & alternative use
D-C · Des Moines, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $2.7M +4.8%
Retail stores $2.7M +4.1%
Industrial (general) $2.6M +1.2%
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