Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Des Moines, WA 98198
    Back to Search
    Property profile & analytics

    , Des Moines, WA 98198

    View on Map
    • Commercial land
    • 0.63 lot acres
    Off-Market
    Property ID
    US90-2035261
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details

    Lot size
    0.63 lot acres
    Zone code
    PR-C
    Property type
    Commercial land
    APN
    215640-0303
    APU
    2156400303

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 16, 2017 — Daniel R W Winston — Deed · related $550k · Brenda J Forman
    Sep 7, 2017 $802,565 Daniel R Winston Mackland Living Trust Grant Deed —
    May 22, 2013 $1,000,000 Mackland Living Trust Deputy Sheriff Of King County Trustees Deed · related —
    May 7, 2013 $1,000,000 Mackland Living Trust Sheriff Of King Cnty Sheriff/king Trustees Deed —
    Dec 22, 2005 $1,400,000 Winston Pacific LLC Mackland Trust Warranty Deed $1.3M · Mackland Trust
    May 14, 2004 — Littlejohn,tr Melody Foundation Quit Claim Deed · related —
    Dec 19, 2001 — Des Moines City (wa) Melody Foundation Grant Deed · related —
    — — Daniel R W Winston — Deed Of Trust · related $550k · Brenda J Forman

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    King
    State
    Washington
    Longitude
    -122.299
    Latitude
    47.4071
    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
    $8,788
    $686,100
    $0.00
    $686,100
    -
    $686,100
    $0.00
    $686,100

    Comparable in this City

    • Value Estimation by Request
      0.02 Acres

      22500 Pacific S Hwy

      VACANT COMMERCIAL LAND
      22500 Pacific S Hwy, Seattle, WA 98198
      View Details
    • Value Estimation by Request
      0.14 Acres

      225th Pl

      VACANT COMMERCIAL LAND
      225th Pl, Seattle, WA 98198
      View Details
    • Value Estimation by Request
      1.56 Acres

      26th S Ave

      VACANT COMMERCIAL LAND
      26th S Ave, Seattle, WA 98198
      View Details
    • Value Estimation by Request
      0.28 Acres

      21927 Marine Vw S Dr

      VACANT COMMERCIAL LAND
      21927 Marine Vw S Dr, Des Moines, WA 98198-6159
      View Details
    • Value Estimation by Request
      0.78 Acres

      Kent-des Moines Rd

      VACANT COMMERCIAL LAND
      Kent-des Moines Rd, Seattle, WA 98198
      View Details
    • Value Estimation by Request
      2.21 Acres

      Kent-des Moines Rd

      VACANT COMMERCIAL LAND
      Kent-des Moines Rd, Seattle, WA 98198
      View Details

    Similar Nearby for Sale

    • $2,900,000
      124,582 SF

      Prime Development Land For Sale

      Three acres of level land with extensive street frontage.
      26505 Pacific Hwy S, Des Moines, WA 98198
      View Details
    • $2,500,000

      Redevelopment Opportunity Near Light Rail

      Land with existing buildings, ideal for redevelopment near transit.
      20001 International Blvd, Seatac, WA 98198
      View Details
    • Contact for pricing

      Prime Land Near Light Rail

      Land suitable for hotel, apartments, or commercial development.
      26915 Pacific Hwy S, Des Moines, WA 98198
      View Details
    • $5,767,000
      104,980 SF

      High-Visibility Development Site in Des Moines

      Prime 2.4-acre development site near Kent Des Moines Light Rail.
      21815 Pacific Hwy S, Des Moines, WA 98198
      View Details
    • Contact for pricing

      Shovel-Ready Land with Approved Plans

      1.16-acre parcel with approved plans for a 5,000 SF warehouse.
      26601 Pacific Hwy S, Des Moines, WA 98198
      View Details

    Similar Nearby for Lease

    • $3,031 /Mo
      1,653 SF

      Mixed-Use Development with Commercial Spaces

      New development with retail, office, and flex space available.
      21800 Pacific Hwy S, Des Moines, WA 98198
      View Details
    • $14,000 /Mo
      3,500 SF

      Neighborhood Shopping Center Retail Space

      Neighborhood shopping center with national and regional tenants for rent.
      27001 Pacific Hwy S, Federal Way, WA 98198
      View Details
    • Contact for pricing

      Des Moines Mixed-Use Building

      Mixed-use building with office, retail, and basement spaces.
      22501 Marine View Dr South, Des Moines, WA 98198
      View Details
    • Contact for pricing
      1,470 SF

      Des Moines Retail Space Available

      Retail space available for lease in Des Moines, Washington.
      23100 Pacific Hwy S, Des Moines, WA 98198
      View Details
    • Contact for pricing
      746 SF

      Des Moines Office Space Available

      746 square feet of office space for lease.
      22221 7Th Ave S, Des Moines, WA 98198
      View Details
    • $654 /Mo
      327 SF

      Prime SeaTac Office Space

      Office space in prime SeaTac location with convenient access.
      21400 International Blvd S, Seatac, WA 98198
      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.
    Des Moines, WA 98198
    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

    Thank You for Inquiry
    Des Moines, WA, 98198
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!