Commercial · Des Moines · Seattle-Bellevue metro, WA
One of 69 reachable commercial buildings in Des Moines. Larger than 83% of commercial buildings in Des Moines (median 9,350 SF), derived from assessor records.
Usable building area
87,615 SF, King County Assessor
Lot size
85,458 SF, King County Assessor
Year built
1958, King County Assessor
Stories
3, King County Assessor
Predominant use
Nursing Home, King County Assessor
Units
165, King County Assessor
Assessed value
$10,415,200, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$118.87/SF, derived from assessor records
Usable area / lot
1.03, derived from assessor records
Vintage
1950s vintage
Zoning
PR-R, King County
County use code
Nursing Home
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate range: $9.56M to $13.9M (estimated market value range). This building's own 2023 recorded sale at $18M sits 56% above this estimate's midpoint, so we lead with the range rather than a single number. Based on 4 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works.
lower confidence: 0 comparable sales within 3 miles; nearest 3.5 mi. This property type carries wider measured error; treat the estimate as a starting point. Recent sale check: this building sold for $17,963,499 in 2023; the estimate is about 36% apart. Treat the recorded trade as strong evidence alongside the model. Comparable-sale caveat: the estimate is 46% below the $244.39/SF median of the shown comparable sales.
Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. Buyer and seller names are withheld. Get this data via API.
Last sold: 2023-07-26 for $17,963,499 (recorded arm's-length sale).
Current ownership dates to 2023 (about 3 years) per recorded transfers.
2023-07-26: $17,963,499 from SHS Properties III LLC to Saltwater Health Holdings LLC, rec. 20230731001136
2003-12-23: $5,527,276 from Seatoma Associates LP to SHS Porperties III LLC, rec. 20031230000062
1984-04-19: transfer from Private party to Seatoma Associates Limited Par, rec. 198404201068
Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Value over time
Dark line: county assessed value per King County tax rolls. Blue line: our estimate; dashed years are a modeled backcast built from recorded arm's-length sales in the building's segment, not estimates published at the time, and years without enough sales stay unmodeled. The shaded range is the model's measured error band; about half of verified sales in the segment land inside it. Diamonds: recorded arm's-length sales. Not an appraisal. How this estimate works.
Land, site, and value history
Assessed value moved from $4,750,000 (2011) to $10,415,200 (2026), up 119% over 15 years, per county tax rolls. The 2026 roll splits $10,415,200 into $2,563,700 land and $7,851,500 improvements.
Zoning: PR-R (per King County)
Lot: 85,458 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Convalescent Hospital 79,398 SF; Basement, Finished 8,217 SF (county building sections)