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Lakebay, WA

Lakebay, WA Commercial Real Estate for Sale

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Longbranch, WA Shelton, WA Anderson Island, WA Gig Harbor, WA Grapeview, WA Olympia, WA Steilacoom, WA Belfair, WA

Key Center Retail Opportunity

Updated: Mar 23, 2025

Key Center Retail Opportunity

15610 Olson Drive NW, Lakebay, WA 98349

$1,080,000

3,926 sqft

Prime retail corner location in Key Center.
Across the street from Key IGA.
Central to the Key Peninsula market area.
Suitable for restaurant, day care, or food service.
Former restaurant and bar space.

This listing looks promising.

Here's a quick look at some key insights for

15610 Olson Drive NW, Lakebay, WA 98349

View Property Analytics

Est. Cap Rate

3.2%
NOI ÷ price
Est. NOI

$34K
Annual
Price @ 7% Cap

$486K
Suggested
Last Sold

Nov 2021
$950K
Property Type

Retail Stores
Built 1962

View Property Analytics

Neighboring Vacant Land Parcels

Updated: Jun 12

Neighboring Vacant Land Parcels

24 156th Ave Sw, Lakebay, WA 98349

$300,000

Two neighboring parcels (Lots 2 and 4) offered together for nearly 10 acres total
Both lots are part of the same short plat with access off Delano Road
Private gravel easement provides access to both lots
Previously logged in 2020
Subject to a 6‑year building permit moratorium that is nearing its end

5.5 Acres Prime Farmland

5.5 Acres Prime Farmland

206 184th Avenue Southwest, Lakebay, WA 98349

$119,950

5.50 AC lot

5.5 acres of farmland with barn, ready for finishing.

Based on your search, we've compiled 48 Potential Opportunities for your consideration. Besides 3 Active listings in Lakebay, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 41 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Historic Commercial Property in Key Center

Historic Commercial Property in Key Center

15420 92nd St KP N, Gig Harbor, WA 98349

$450,000

6,583 sqft

Two-story commercial building with office and storage space for sale.

Harstine Island Cleared Land Parcel

Harstine Island Cleared Land Parcel

103 Andrejs Road, Shelton, WA 98584

$99,950

1.25 AC lot

1.25 acre cleared land on Harstine Island.

Harstine Island Cleared Land Parcel

Harstine Island Cleared Land Parcel

101 Andrejs Road, Shelton, WA 98584

$99,950

1.25 AC lot

1.25 acre cleared land parcel on Harstine Island.

Profitable Auto Repair Business Opportunity

Profitable Auto Repair Business Opportunity

Key Peninsula Hwy NW, Gig Harbor, WA 98329

Contact for pricing

2.47 AC lot

Established auto repair business for sale with real estate opportunity.

Off-Market Properties in Lakebay, WA

Consider similar Off-Market properties in Lakebay, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

15607 Olson NW Dr

RESTAURANT

15607 Olson NW Dr, Lakebay, WA 98349-9529

Value Estimation by Request

800 sqft 0.11 AC lot

1302 Key Peninsula NW Hwy

OFFICE (GENERAL)

1302 Key Peninsula NW Hwy, Lakebay, WA 98349-9997

$675,000

Estimated value

2,183 sqft 0.67 AC lot

1309 Key Peninsula NW Hwy

RETAIL STORES (PERSONAL SERVICES)

1309 Key Peninsula NW Hwy, Lakebay, WA 98349-9606

$1,145,000

Estimated value

4,104 sqft 0.73 AC lot

Key Peninsula NW Hwy

VACANT COMMERCIAL LAND

Key Peninsula NW Hwy, Lakebay, WA 98349

$1,120,000

Estimated value

0.04 AC lot

15605 Olson NW Dr

RETAIL STORES (PERSONAL SERVICES)

15605 Olson NW Dr, Lakebay, WA 98349-9529

$600,000

Estimated value

2,276 sqft 0.25 AC lot

8910 Key Peninsula NW Hwy

VACANT COMMERCIAL LAND

8910 Key Peninsula NW Hwy, Lakebay, WA 98349-9326

Value Estimation by Request

0.61 AC lot

9013 Key Peninsula NW Hwy

COMMERCIAL (GENERAL)

9013 Key Peninsula NW Hwy, Lakebay, WA 98349-8518

$1,080,000

Estimated value

0.17 AC lot

9013 Key Peninsula NW Hwy

OFFICE (GENERAL)

9013 Key Peninsula NW Hwy, Lakebay, WA 98349-8518

$1,150,000

Estimated value

1,800 sqft 0.64 AC lot

15626 Olson NW Dr

VACANT COMMERCIAL LAND

15626 Olson NW Dr, Lakebay, WA 98349-9529

$1,275,000

Estimated value

2.80 AC lot

15610 Olson NW Dr

RETAIL STORES (PERSONAL SERVICES)

15610 Olson NW Dr, Lakebay, WA 98349-9529

$930,000

Estimated value

3,926 sqft 0.92 AC lot

15610 89th St NW Ct

MEDICAL BUILDING

15610 89th St NW Ct, Lakebay, WA 98349-9551

$985,000

Estimated value

4,761 sqft 1.80 AC lot

1509 Key Peninsula NW Hwy

RESTAURANT

1509 Key Peninsula NW Hwy, Lakebay, WA 98349-9384

Value Estimation by Request

2,130 sqft 0.47 AC lot

1315 Key Peninsula NW Hwy

CONVENIENCE STORE (W/FUEL PUMP)

1315 Key Peninsula NW Hwy, Lakebay, WA 98349-9606

Value Estimation by Request

1,552 sqft 0.64 AC lot

8912 Key Peninsula NW Hwy

RETAIL STORES (PERSONAL SERVICES)

8912 Key Peninsula NW Hwy, Lakebay, WA 98349-8522

Value Estimation by Request

2,175 sqft 0.57 AC lot

1510 Key Peninsula NW Hwy

WAREHOUSE, STORAGE

1510 Key Peninsula NW Hwy, Lakebay, WA 98349

Value Estimation by Request

3,952 sqft 2.18 AC lot

9016 154th Ave NW Ct

RESTAURANT

9016 154th Ave NW Ct, Lakebay, WA 98349-9574

Value Estimation by Request

3,840 sqft 0.75 AC lot

Russell SW Rd

VACANT COMMERCIAL LAND

Russell SW Rd, Lakebay, WA 98349

Value Estimation by Request

5.75 AC lot

Tiedeman SW Rd

VACANT COMMERCIAL LAND

Tiedeman SW Rd, Lakebay, WA 98349

Value Estimation by Request

41.56 AC lot

Russell SW Rd

VACANT COMMERCIAL LAND

Russell SW Rd, Lakebay, WA 98349

Value Estimation by Request

4.85 AC lot

Russell SW Rd

HOTEL-RESORT

Russell SW Rd, Lakebay, WA 98349

Value Estimation by Request

420 sqft 39.08 AC lot

1304 Russell SW Rd

HOTEL-RESORT

1304 Russell SW Rd, Lakebay, WA 98349-7801

Value Estimation by Request

0.78 AC lot

Lakebay, WA Commercial Real Estate Market Trends and Statistics

Explore 44 commercial real estate for sale in Lakebay, WA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 3,926 square feet of properties for sale, with an estimated market value of $1,499,950.

Sale prices for business properties in Lakebay, WA start at $119,950, averaging $499,983, and reaching up to $1,080,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 6,853

Population Growth (5Y) +32.4%

Median Household Income $100,678

College Educated 30.2%

High-Yield Neighborhoods for Investment

Identify Lakebay submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
98349	$620K

Taxes & Financing

Tax Rate (average for all types) 0.72%

Property Tax per SF $17.19 per SF

Tax Rate vs County Average 0.19 pp below county avg

Average Loan-to-Value 65.0%

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