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Property profile & analytics
OFF-MARKET Estimated value $17,675,000
Retail space

27005 Pacific S Hwy Des Moines, WA 98198-9250

91,026 SF 11.14 ac lot Built 1990
Entity Owned 11-yr Hold Free & Clear
Property ID
US90-1121816
Property summary
AI-generated overview

Redondo Square, located at 27005 Pacific Highway South in Des Moines, Washington 98198, offers exceptional retail opportunities in King County. This established shopping center boasts a total of 56,741 square feet, with multiple spaces currently available. Individual spaces range from a minimum of 1,400 square feet to a maximum contiguous space of 4,000 square feet, with a total of 8,900 square feet currently vacant. The property benefits from high visibility and convenient access from both Interstate 5 and Highway 99, ensuring significant foot traffic and exposure. Strong co-tenancy adds to the appeal, including established businesses such as Safeway, Bartell Drugs, and Planet Fitness, along with Banfield Pet Hospital and Taco Bell. This prime location presents a unique chance to establish or expand a retail presence in a thriving community. The property's strategic placement and impressive tenant mix make it an ideal investment for businesses seeking high visibility and a strong customer base. Interested parties should inquire about available space and lease terms. The property is categorized as an outparcel/pad, storefront, and shopping center.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1990
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 91,026 SF
Lot 11.14 ac (485,110 SF)
Zoning code C-C
APN 282204-9014
UPID US90-1121816
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
$20.88M
Comparable Approach Comparable
by Request
Blend (final) Blend
$17.68M
Owner & transaction history
Redondo Square Grf2 LLC · 11 yrs held
Redondo Square Grf2 LLC
since 2015
7 recorded transactions
2023
Price N/A
2020
Price N/A
2018
Price N/A
2015
Price N/A
2014
$24.9M
2013
Price N/A
2012
Price N/A
Zoning & alternative use
C-C · Des Moines, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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