21202 24th Ave S, Des Moines, WA 98198

Small-Bay Industrial · Des Moines · Seattle-Bellevue metro, WA

Imagery suggests: warehouse. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 26 reachable small-bay industrial buildings in Des Moines. Larger than 92% of small-bay industrial buildings in Des Moines (median 10,001 SF), derived from assessor records.

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Building size: 305,800 SF, King County Assessor
Lot size: 490,456 SF, King County Assessor
Year built: 2018, King County Assessor
Stories: 1, King County Assessor
Predominant use: Bartell Drugs, King County Assessor
Assessed value: $70,780,500, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $231.46/SF, derived from assessor records
Lot coverage: 62%, derived from assessor records
Vintage: 2010s vintage
Zoning: PR-C, King County
County use code: Warehouse
Construction (observed): tilt up, AI estimate from public imagery
Parking (observed): none visible, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

21402 24th Ave S, Des Moines · 0.1 mi · 248,499 SF · built 2018 · assessed $231.64/SF
2361 S 211th St, Des Moines · 0.2 mi · 152,966 SF · built 2017
2341 S 208th St, Des Moines · 0.3 mi · 161,612 SF · built 2016
2141 S 211th St, Des Moines · 0.3 mi · 348,445 SF · built 2017
2231 S 208th St, Des Moines · 0.3 mi · 144,856 SF · built 2016
2021 S 208th St, Des Moines · 0.4 mi · 245,520 SF · built 2016

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Sale history and market context

MakeMe Estimate: $75,365,415 (estimated market value), with a likely range of $64,989,651 to $84,080,341 (half of recent verified sales in this segment landed inside that range). Based on 96 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Current ownership dates to 2018 (about 8 years) per recorded transfers.

2018-12-07: $111,000,000 from DMCBP Phase IV LLC to Duke Realty 24th Ave Des Moines LLC (part of a 2-parcel sale; price is the whole deal), rec. 20181211000966

2018-12-06: $2,500 from Weyerhaeuser Company to Duke Realty (part of a 2-parcel sale; price is the whole deal), rec. 20181213000379

2017-06-12: $600,000 from Private party to DMCBP Phase IV LLC, rec. 20170612001501

2011-06-28: transfer from Private party to Des Moines City of (non-market transfer), rec.

1996-06-25: $110,950 from Private party to Private party, rec. 199606283031

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $207,000 (2011) to $70,780,500 (2026), up 34093% over 15 years, per county tax rolls. The 2026 roll splits $70,780,500 into $17,165,900 land and $53,614,600 improvements.

Zoning: PR-C (per King County)

Lot: 490,456 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Mega Warehouse 259,631 SF; Warehouse Office 6,305 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2026-03-09: Other, declared value $20,000, permit BLD2026-0073

2026-02-18: Remodel, declared value $250,000 (Revisit), permit BLD2025-1387

2025-10-09: Electrical, declared value $140,700 (Revisit), permit BLD2025-1204

2024-06-20: Remodel, declared value $120,935 (Complete), permit BLD2024-0262

2024-06-11: Electrical, declared value $19,000 (Complete), permit BLD2024-0494

2024-05-13: Electrical, declared value $2,143 (Complete), permit BLD2024-0637

2024-05-02: Remodel, declared value $8,227 (Complete), permit BLD2024-0405

2023-08-30: Plumbing, declared value $6,000 (Complete), permit BLD2023-0953

2023-08-16: Electrical, declared value $2,500 (Complete), permit BLD2023-0934

2023-05-30: Electrical, declared value $52,000 (Complete), permit BLD2023-0641

Source: King County permit records (newest first).