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Pacific Professional Building
22659 Pacific Hwy S Des Moines WA 98198
Listing #: 713353 | Status: Available | Last Modified: 5/27/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 230,880 |
| Vacancy Factor % | 5.00% |
| Operating Expenses | 75,663 |
| Net Operating Income | 143,673 |
| CAP Rate | 6.00 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 6.000 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 3 |
| # of Floors | 3 |
| # of Units | 0 |
| Total Building SF | 11,776 SF |
| Net Rentable Area | 11,766 SF |
| Total Office SF | 9,630 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 30,056 SF |
| Acres | 0.69 |
| Year Built | 1998 |
| Property Type | |
|---|---|
| Property Type | Office |
| Office Type | Other |
| Investment | Yes |
| Building Class | B |
| Location | |
|---|---|
| County | King |
| Market Area | Des Moines |
| Tax ID # | 2500600050 |
| Zoning | PR-C |
Des Moines Mixed-Use
This rare infill asset consists of a 1998 construction 11,514 sq ft highway fronting office building together with a single-family residence and duplex on the same parcel, delivering diversified income streams in a high-visibility corridor. The property also sits on a large 29,959 SF lot zoned PR-C (Pacific Ridge Commercial) offering unique redevelopment opportunities. The most logical being to develop a 60-unit apartment building where the SFH and Duplex currently sit and keep the existing office building for extended income (Buyer to Verify). The stabilized current operations reflect a current cap rate of 6.00% and a proforma cap rate of 6.34%.
Includes a total of three buildings - commercial and residential.
Medical/Dental, Mixed-Use
Pacific Professional Building
22659 Pacific Hwy S Des Moines WA 98198
Listing #: 713353 | Status: Available | Listing Date: 5/27/2026 | Last Modified: 5/27/2026 | Email Listing
For Sale
Pacific Professional Building
