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Property profile & analytics
FOR SALE
Office buildings
22608 Marine View Dr S Des Moines, WA 98198
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1354241
For Sale
$2,300,000
22608 Marine View Dr S, Des Moines, WA 98198
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
WOOD
Total area
6,546 SF
Lot
0.17 ac (7,513 SF)
Zoning code
D-C
APN
200660-1140
UPID
US90-1354241
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
by Request
Owner & transaction history
Vakas LLC · 6 yrs held
Vakas LLC
since 2020
Last sale
$315,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,785
Tax year 2022
Assessed value
$1,028,200
Assessed 2022
Previous assessed
$1,028,200
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$195,300
Assessed improvement
$832,900
Land market value
$195,300
Improvement market value
$832,900
Total market value
$1,028,200
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
For Sale
Year built
2008
Construction
WOOD
Heating
GRAVITY
Stories
3
Total area
6,546 SF
Lot
0.17 ac (7,513 SF)
Zoning code
D-C
APN
200660-1140
UPID
US90-1354241
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.
Building & site characteristics
From public records
Year built
2008
Construction
WOOD
Heating
GRAVITY
Stories
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Vakas LLC
Entity
Mailing address
19600 DES MOINES MEMORIAL DR S, SEATAC, WA 98148-2244
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2020
—
Vakas LLC
Acwa Properties LLC
Quit Claim Deed
related
—
Jun 15, 2004
$315,000
Waclaw Szymula
Jensen,frank W & Bettie J
Grant Deed
$190,000 · Frank W & Bettie J Jensen
Dec 7, 1992
$190,000
Frank Jensen
Coltran,c B&harr
Grant Deed
$134,900 · Seller
Jul 5, 1991
$64,316
Coltran C B
Bowman
Grant Deed
—
—
—
Waclaw V Szymula
—
Deed Of Trust
related
$479,200 · Key Bank NA
—
—
Waclaw Szymula
—
Deed Of Trust
related
$300,000 · Executive Inv
—
—
Waclaw Szymula
—
Deed Of Trust
related
$500,000 · Key Bank NA
—
—
Waclaw Szymula
—
Deed Of Trust
related
$300,000 · Executive Inv
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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