Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,915,000
Medical Office Space
22613 Pacific S Hwy Des Moines, WA 98198-5110
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1606467
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Construction
STEEL FRAME
Total area
14,658 SF
Lot
0.63 ac (27,412 SF)
Zoning code
PR-C
APN
250060-0025
UPID
US90-1606467
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
$1.92M
Owner & transaction history
Hmp Holdings LLC · 1 yrs held
Hmp Holdings LLC
since 2025
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
$131 / 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
$32,388
Tax year 2022
Assessed value
$2,805,000
Assessed 2022
Previous assessed
$2,805,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$685,300
Assessed improvement
$2,119,700
Land market value
$685,300
Improvement market value
$2,119,700
Total market value
$2,805,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
3
Total area
14,658 SF
Lot
0.63 ac (27,412 SF)
Zoning code
PR-C
APN
250060-0025
UPID
US90-1606467
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
2009
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
3
Lot
0.63 ac
Current owner
From public records · entity-resolved
Hmp Holdings LLC
Entity
Mailing address
22613 PACIFIC HWY S #301, DES MOINES, WA 98198-5110
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
Mar 13, 2025
—
Hmp Holdings LLC
Kulwant S Verraich
Quitclaim Deed
related
—
Sep 29, 2004
$335,000
Kulwant S Verraich
K & R Group LLC
Grant Deed
—
Jan 30, 2002
—
Des Moines City (wa)
K & R Group LLC
Grant Deed
related
—
May 6, 1999
$775,000
K & R Group LLC
I Mac Realty INC
Trustees Deed
$1,135,000 · Us Bank
May 6, 1999
$412,500
K & R Group LLC
Leetch,steven J
Trustees Deed
—
Feb 25, 1997
$315,000
Steven Leetch
Miki,tomiko
Grant Deed
—
—
—
Steven J Leetch
—
Deed Of Trust
related
$138,500 · Columbia State Bank
—
—
K & R Group LLC
—
Deed Of Trust
related
$10,000 · Lasher Holzapfel Sperry & Ebbe
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?”
You own 22613 Pacific S Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
