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Property profile & analytics
FOR SALE
Turn key restaurants
28201 Redondo Beach Dr S Des Moines, WA 98198
Entity Owned
29-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0896776
For Sale
$5,950,000
28201 Redondo Beach Dr S, Des Moines, WA 98198
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1928
Construction
WOOD
Total area
5,100 SF
Lot
0.3 ac (13,039 SF)
Zoning code
C-C
APN
720360-1695
UPID
US90-0896776
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
$610k
Owner & transaction history
Saltys Properties II LLC · 29 yrs held
Saltys Properties II LLC
since 1997
7 recorded transactions
Zoning & alternative use
C-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
$120 / 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
$13,309
Tax year 2022
Assessed value
$1,292,000
Assessed 2022
Previous assessed
$1,292,000
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$365,000
Assessed improvement
$927,000
Land market value
$365,000
Improvement market value
$927,000
Total market value
$1,292,000
Applied tax rate
1,080.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1928
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Total area
5,100 SF
Lot
0.3 ac (13,039 SF)
Zoning code
C-C
APN
720360-1695
UPID
US90-0896776
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
C-C · Des Moines, WA
Zoning C-C · permitted uses
C-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
1928
Construction
WOOD
Heating
HEAT PUMP
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Saltys Properties II LLC
Entity
Mailing address
1936 HBR AVE SW, SEATTLE, WA 98126-2031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2026
—
Saltys Properties II LLC
—
Deed
related
$313,315 · Western Pioneer Financial
Aug 25, 2025
—
Saltys Properties II LLC
—
Deed
related
$1,000,000 · Fedway Marketplace West LLC
Sep 7, 2017
—
Saltys Properties II LLC
—
Deed
related
$3,150,000 · Alaska USA FCU
Jun 16, 2017
—
Saltys Properties II LLC
—
Deed
related
$1,000,000 · East West Bk
Jul 15, 1998
—
Salty's Properties LLC
—
Deed Of Trust
related
$10,300,000 · Fremont Investment & Loan
Mar 5, 1997
—
Saltys Properties II LLC
Kingen,gerald R & Kathryn H
Quit Claim Deed
related
$7,600,000 · Us Bank Of Washington
Aug 30, 1990
$1,000,000
Gerlad R Kingen
Restaurant Assoc
Grant Deed
—
—
—
Saltys Properties II LLC
—
Deed Of Trust
related
$500,000 · Washington First Int'l Bank
—
—
Saltys Properties II LLC
—
Deed Of Trust
related
$1,970,250 · Washington First Int'l Bank
—
—
Saltys Properties II LLC
—
Deed Of Trust
related
$10,000 · Abk LLC
—
—
Saltys Properties II LLC
—
Deed Of Trust
related
$500,000 · Alaska USA FCU
—
—
Saltys Properties II LLC
—
Deed Of Trust
related
$1,000,000 · East West Bk
—
—
Saltys Properties II LLC
—
Deed Of Trust
related
$3,150,000 · Alaska USA FCU
—
—
Saltys Properties II LLC
—
Deed Of Trust
related
$500,000 · Washington First Int'l Bank
—
—
Saltys Properties II LLC
—
Deed Of Trust
related
$1,470,000 · Asia Europe Americas Bank
—
—
Saltys Properties II LLC
—
Deed Of Trust
related
$2,600,000 · Washington First Int'l 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.
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?”
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