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Property profile & analytics
OFF-MARKET
Estimated value
$1,485,000
Assisted living facilities
23660 Marine Vw S Dr Des Moines, WA 98198-7352
Entity Owned
6-yr Hold
Property ID
US90-1306952
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1933
Construction
WOOD
Total area
129,720 SF
Lot
30.3 ac (1,319,850 SF)
Zoning code
RM-900B
APN
172204-9023
UPID
US90-1306952
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
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.49M
Owner & transaction history
Zenith Properties LLC · 6 yrs held
Zenith Properties LLC
since 2019
5 recorded transactions
Zoning & alternative use
RM-900B · 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
by Request
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.49M
Range $1.34M – $1.63M · ±10%
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
$11 / 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
$143,113
Tax year 2022
Assessed value
$11,615,600
Assessed 2022
Previous assessed
$11,615,600
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$11,614,600
Assessed improvement
$1,000
Land market value
$11,614,600
Improvement market value
$1,000
Total market value
$11,615,600
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1933
Construction
WOOD
Heating
HOT WATER
Buildings
3
Stories
5
Units
94
Total area
129,720 SF
Lot
30.3 ac (1,319,850 SF)
Zoning code
RM-900B
APN
172204-9023
UPID
US90-1306952
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
RM-900B · Des Moines, WA
Zoning RM-900B · permitted uses
RM-900B · 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
1933
Construction
WOOD
Heating
HOT WATER
Stories
5
Buildings
3
Units
94
Lot
30.3 ac
Current owner
From public records · entity-resolved
Zenith Properties LLC
Entity
Mailing address
1302 PUYALLUP ST STE A, SUMNER, WA 98390-1604
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2019
—
Zenith Properties LLC
Epc Holdings 955 LLC
Warranty Deed
$5,750,000 · Goldman Sachs Bk USA
Aug 26, 2019
$11,500,000
Epc Holdings 955 LLC
Most Worshipful Grand Lodge Of Free
Bargain And Sale Deed
$5,750,000 · Goldman Sachs Bank USA
May 12, 2004
$1,500
Wonderful Grand Lodge Fre
American Baptist Home Of Wa
Quit Claim Deed
related
—
—
—
Zenith Properties LLC
—
Loan Modification
related
$5,750,000 · Goldman Sachs Bk USA
—
—
Wroshipful Grand Lodg
—
Deed Of Trust
related
$9,000,000 · Columbia State 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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