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    5420 Martin Way E Lacey, WA 98516

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    For Sale
    $7,000,000

    57,265 SF retail space available for lease or sale.

    Property size:
    57,265 SF

    Property Features for 5420 Martin Way E

    General Information

    Standard status
    Active
    Size
    57,265 SF

    Building Details

    Year built
    1993

    Source: FIRST WESTERN PROPERTIES, INC. Agent STEVE ERICKSON

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Martin Village

    Located in Martin Village, this 57,265 square foot space is available for lease or sale. The asking base rent is $9.00 per square foot, and the purchase price is $7,000,000. Intended use is for retail purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Hawks Prairie Village Mall, Seattle’s Best Coffee Kiosk, Coinstar Kiosk | Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM, freedom point plaza

    Location Insight

    • Map
    • Local Demand
    City
    Lacey
    County
    Thurston
    State
    Washington
    Longitude
    -122.8123964
    Latitude
    47.0518907

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    FAQs

    What type of property is this?
    Shopping center - 57,265 SF retail space available for lease or sale.
    Where is this shopping center located?
    The property is located at 5420 Martin Way E Lacey, WA.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: - 57,265 SF Available; - Available for LEASE or SALE; - Located in Martin Village
    Request Owner's contact information
    5420 Martin Way E Lacey, WA 98516
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    Lacey, WA 98516
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    Realmo Value Estimation

    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.

    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.

    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
    5420 Martin Way E Lacey, WA 98516
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