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Property profile & analytics
OFF-MARKET
Retail space
619 225th St Des Moines, WA 98198-6823
Entity Owned
17-yr Hold
Property ID
US90-3249778
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1941
Construction
WOOD
Total area
820 SF
Lot
0.14 ac (6,000 SF)
Zoning code
D-C
APN
200660-0441
UPID
US90-3249778
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
by Request
Owner & transaction history
Haieden Investments LLC · 17 yrs held
Haieden Investments LLC
since 2009
3 recorded transactions
Zoning & alternative use
D-C · Des Moines, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Residential: Multi family 900A; (vi) RM-900B Restricted Service Zone. (Revised 10/12) 18·36 (2) Commercial Zones. (a) N-C Neighborhood Commercial; (b) B-C Business Commercial; (c) C-C Community Commercial; (d) D-C Downtown Commercial; (e) C-G General Commercial (f) I-C Institutional Campus; (g) B-P Business Park; (h) H-C Highway Commercial. [Ord. 1544 § 3,…
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
86.74 ac
Source
Title 18 Zoning
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
—
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
$3,675
Tax year 2022
Assessed value
$284,900
Assessed 2022
Previous assessed
$284,900
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$138,000
Assessed improvement
$146,900
Land market value
$138,000
Improvement market value
$146,900
Total market value
$284,900
Applied tax rate
1,107.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1941
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Buildings
2
Stories
1
Bathrooms
1
Total area
820 SF
Lot
0.14 ac (6,000 SF)
Zoning code
D-C
APN
200660-0441
UPID
US90-3249778
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
D-C · Des Moines, WAZoning D-C · permitted uses
D-C · Des Moines, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Residential: Multi family 900A; (vi) RM-900B Restricted Service Zone. (Revised 10/12) 18·36 (2) Commercial Zones. (a) N-C Neighborhood Commercial; (b) B-C Business Commercial; (c) C-C Community Commercial; (d) D-C Downtown Commercial; (e) C-G General Commercial (f) I-C Institutional Campus; (g) B-P Business Park; (h) H-C Highway Commercial. [Ord. 1544 § 3, 2012: Ord. 1397 § 1, 2007: Ord. 1237 §§ 1,3,1999; Ord. 1197 § 23, 19
Zone name
Downtown Commercial
General category
COMMERCIAL
Zone area
86.74 ac
Source
Title 18 Zoning
Building & site characteristics
From public records
Year built
1941
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Haieden Investments LLC
Entity
Mailing address
23210 20TH AVE S, DES MOINES, WA 98198-7511
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2009
—
Haieden Investments LLC
Dryden,kenneth & Pamela R
Quit Claim Deed
related
—
Sep 30, 2005
$330,000
Kenneth Dryden
Parisi Jerry & Gigi Trust
Warranty Deed
$300,000 · Jerry V & Gigi Parisi
Jun 13, 2002
—
Parisi Trust
Parisi,herry V & Gigi
Quit Claim Deed
related
—
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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