Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23830 222nd SE Pl Maple Valley, WA 98038

    • Commercial real estate
    • 16,077 SF
    • 1.64 lot acres
    OFF-MARKET
    Value Estimations
    $3,745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0681873
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Wark Handyman & Painting / Painting

    Property Details for 23830 222nd SE Pl

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.64 lot acres
    Property size
    16,077 SF
    Zone code
    CB
    Property type
    Commercial real estate
    APN
    162206-9196
    APU
    1622069196

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,475,000
      6.5%
      $4,130,000
      7%
      $3,835,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Maple Valley
    County
    King
    State
    Washington
    Longitude
    -122.044
    Latitude
    47.3879
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $41,325
    $1,074,400
    $3,191,700
    $4,266,100
    -
    $1,074,400
    $3,191,700
    $4,266,100

    Comparable in this City

    • Value Estimation
      $1,585,000
      6,090 SF

      22141 Maple Vly Black Diamond SE Rd

      COMMERCIAL (GENERAL) • 6,090 SF
      22141 Maple Vly Black Diamond SE Rd, Maple Valley, WA 98038
      View Details
    • Value Estimation
      $4,875,000
      22,040 SF

      23745 225th SE Way

      COMMERCIAL (GENERAL) • 22,040 SF
      23745 225th SE Way, Maple Valley, WA 98038-5294
      View Details
    • Value Estimation
      $740,000
      5,600 SF

      26555 Maple Vly Black Diamond SE Rd

      COMMERCIAL (GENERAL) • 5,600 SF
      26555 Maple Vly Black Diamond SE Rd, Maple Valley, WA 98038-8478
      View Details
    • Value Estimation by Request
      4.97 Acres

      26427 196Th St

      Farms • 4.97 Acres
      26427 196Th St, Maple Valley, WA 98038
      View Details
    • Value Estimation
      $1,235,000
      7,840 SF

      21505 Renton Maple Vly SE Rd

      COMMERCIAL (GENERAL) • 7,840 SF
      21505 Renton Maple Vly SE Rd, Maple Valley, WA 98038
      View Details
    • Value Estimation
      $2,895,000
      12,956 SF

      23631 Maple Vly Black Diamond SE Rd

      COMMERCIAL (GENERAL) • 12,956 SF
      23631 Maple Vly Black Diamond SE Rd, Maple Valley, WA 98038-8200
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Lynnwood Home in Mobile Park

      Home in all-ages mobile park near Alderwood Mall.
      5920 200Th St SW, Lynnwood, WA 98038
      View Details
    • $3,760,000

      Maple Valley Auto Shop Investment

      Prime location auto shop with corporate lease and renewal.
      23765-23831 SE 264Th St, Maple Valley, WA 98038
      View Details
    • Contact for pricing
      1,782 SF

      Triple-Wide Home in 55+ Community

      Spacious home with amenities in a gated 55+ community.
      21628 SE 272Nd Pl, Maple Valley, WA 98038
      View Details
    • Contact for pricing
      2,400 SF

      Maple Valley Retail/Office/Industrial Building

      Multi-tenant retail, office, and industrial building with value-add potential.
      21505 Renton Maple Valley Rd SE, Maple Valley, WA 98038
      View Details
    • $2,400,000
      8,320 SF

      Riverwood Plaza: Maple Valley Investment

      Multi-tenant retail/office building, high traffic location.
      21505 Renton-Maple Vly Rd, Maple Valley, WA 98038
      View Details
    • $895,000
      3,216 SF

      Retail/Office Space with Shop/Warehouse

      Retail/office space with detached shop/warehouse and fenced yard/parking.
      22805 SE 216Th Way, Maple Valley, WA 98038
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,395 SF

      Retail Space in Maple Valley

      Retail space available in a 12,312 SF building.
      26424 242Nd Ave SE, Maple Valley, WA 98038
      View Details
    • Contact for pricing
      3,250 SF

      Retail Space in Maple Valley

      Retail spaces available for lease in Maple Valley, WA.
      Maple Valley Black Diamond Rd SE, Maple Valley, WA 98038
      View Details
    • Contact for pricing
      1,690 SF

      Maple Valley Retail Space Available

      Retail space available for lease in Maple Valley, Washington.
      22117-22131 SE 237Th St, Maple Valley, WA 98038
      View Details
    • $0.18 SF/Yr

      Maple Valley Land for Lease

      Secured land near Highway 18, suitable for various uses.
      23056 Witte Rd SE, Maple Valley, WA 98038
      View Details
    • Contact for pricing
      1,255 SF

      Move-in Ready Office Space

      Office space featuring a mix of offices and open space.
      23175 224Th Pl SE, Maple Valley, WA 98038
      View Details
    • $38 SF/Yr
      908 SF

      Retail Space in Maple Valley

      Retail space available for lease in Maple Valley, Washington.
      26217 Maple Valley Black Diamond Rd SE, Maple Valley, WA 98038
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23830 222nd SE Pl
    Maple Valley, WA 98038
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.