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Property profile & analytics
OFF-MARKET
Estimated value
$1,995,000
Office buildings
22659 Pacific S Hwy Des Moines, WA 98198-5155
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0772210
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
CONCRETE
Total area
9,378 SF
Lot
0.69 ac (29,959 SF)
Zoning code
PR-C
APN
250060-0050
UPID
US90-0772210
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
$1.97M
CAP Approach
CAP
$2.70M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$2.00M
Owner & transaction history
Pacpro Glen LLC · 4 yrs held
Pacpro Glen LLC
since 2021
Last sale
$2.1M
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
Method
Estimation
Statistic approach
$1,690,000
ML approach
$1,970,000
CAP Approach
CAP Return
Estimation
6%
$2,925,000
6.5%
$2,700,000
7%
$2,510,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,315,000
Current use
MEDICAL BUILDING
$3,225,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$2,770,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±10% · vs last sale $2.10M (Aug 18 2021)
Last sale anchor
$2.10M
Aug 18 2021
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
$213 / 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
$22,553
Tax year 2022
Assessed value
$1,914,700
Assessed 2022
Previous assessed
$1,914,700
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$748,900
Assessed improvement
$1,165,800
Land market value
$748,900
Improvement market value
$1,165,800
Total market value
$1,914,700
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
1998
Construction
CONCRETE
Heating
HEAT PUMP
Buildings
3
Stories
2
Total area
9,378 SF
Lot
0.69 ac (29,959 SF)
Zoning code
PR-C
APN
250060-0050
UPID
US90-0772210
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.8M
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
CONCRETE
Heating
HEAT PUMP
Stories
2
Buildings
3
Lot
0.69 ac
Current owner
From public records · entity-resolved
Pacpro Glen LLC
Entity
Mailing address
16275 NE 85TH ST STE #101, REDMOND, WA 98052-0852
Ownership since
2021
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
Aug 18, 2021
$2,100,000
Pacpro Glen LLC
Colibri Partners LLC
Warranty Deed
$1,470,000 · Pacific Crest Savings Bank
Sep 7, 2016
$1,500,000
Colibri Partners LLC
22659 Pacific LLC
Warranty Deed
$1,017,430 · Peoples Bank
Mar 9, 2011
$878,000
Fairplay Funding Nw LLC
Blackstone Corp
Trustees Deed
related
—
Mar 30, 2007
—
Pacific Professional Svcs LLC
Ceili & Feis LLC
Quit Claim Deed
related
—
Jul 20, 2006
$1,875,000
Ceili & Feis LLC
K & K Properties
Warranty Deed
$599,090 · Gary & Sydney Kasowski
Nov 4, 1996
—
Phillip J Kasowski
—
Grant Deed
related
$640,000 · Sterling Savings Association
—
—
22659 Pacific LLC
—
Deed Of Trust
related
$730,496 · Fairplay Funding Nw LLC
—
—
22659 Pacific LLC
—
Deed Of Trust
related
$750,000 · Pacific Crest Savings 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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