Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9014 Peacock Hill Ave Gig Harbor, WA 98332

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail and office space in the heart of Gig Harbor.

    Property size:
    1,474 SF
    Lot size:
    0.87 Acres

    Property Features for 9014 Peacock Hill Ave

    General Information

    Size
    1,474 SF
    Lot size
    0.87 Acres

    We can help!

    Listing Contact
    Lisa Tallman
    Lisa Tallman
    Source: Moodyscre

    Listing Agency: First Western Properties - Tacoma, Inc. Listing Agent: Lisa Tallman

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

    Learn more

    Overview

    Gig Harbor Retail and Office

    This three-story retail and office complex is located in the heart of Gig Harbor. The property is zoned B-2 in the City of Gig Harbor and provides on-site parking. The available space offers natural light and views of Gig Harbor Bay. The property offers 1,474 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Kantor & Kantor, LLP Law Firm Thelma Channon Real Estate Agency Intuitus IT Consulting Firm Knowlden Burrows & Associates Real Estate Agency Better Homes by ... Real Estate Agency

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Gig Harbor
    County
    Pierce
    State
    Washington
    Longitude
    -122.5894504
    Latitude
    47.3400594

    Nearby Similar for Lease

    • $4,499 /Mo
      2,999 SF

      Gig Harbor Flex Space Available

      Flex, industrial, and office spaces for lease in Gig Harbor.
      11901 137 Avenue Ct NW, Gig Harbor, WA 98329
      View Details
    • $3,800 /Mo
      2,815 SF

      Gig Harbor Flex Space Available

      Flex space, warehouse, and office units available for lease.
      10421 Burnham Dr NW, Gig Harbor, WA 98332
      View Details
    • $2,079 /Mo
      1,188 SF

      Professional Office Space Available

      Office space for rent with convenient highway access.
      3309 56Th St NW, Gig Harbor, WA 98335
      View Details
    • $2,198 /Mo
      1,256 SF

      Professional Office Space Available

      Office space for rent with convenient highway access.
      3309 56Th St NW, Gig Harbor, WA 98335
      View Details
    • $2,744 /Mo
      1,176 SF

      Gig Harbor Medical Office Space

      Well-appointed medical suite in a sought-after professional corridor.
      5122 Olympic Dr NW, Gig Harbor, WA 98335
      View Details
    • $2,305 /Mo
      1,383 SF

      Office Retail Flex Space Available

      Office, retail, and flex spaces available for lease.
      5775 Soundview Dr, Gig Harbor, WA 98335
      View Details
    • $5,267 /Mo
      2,528 SF

      Gig Harbor Office Space Available

      Office space for rent in a professional business park.
      5401 32Nd Ave NW, Gig Harbor, WA 98335
      View Details
    • $2,243 /Mo
      1,346 SF

      Office, Retail, and Flex Space

      Office, retail, and flex spaces available for lease.
      5775 Soundview Dr, Gig Harbor, WA 98335
      View Details
    • $2,243 /Mo
      1,346 SF

      Office Retail Flex Space Available

      Institutional-quality office park with retail and flex space.
      5775 Soundview Dr, Gig Harbor, WA 98335
      View Details
    • $5,878 /Mo
      2,713 SF

      Professional Office Space Available

      First floor office with reception, kitchen, and parking.
      7525 Pioneer Way, Gig Harbor, WA 98335
      View Details
    • $36,000
      2,000 SF

      11901 137th Ave Ct NW, Gig Harbor, WA 98329

      Flex space • 2,000 SF
      11901 137 Avenue Ct NW, Gig Harbor, WA 98329
      View Details
    • $4,575 /Mo
      3,389 SF

      Gig Harbor Retail Space Available

      Centrally located retail space with highway access in Gig Harbor.
      10421 Burnham Dr NW, Gig Harbor, WA 98332
      View Details

    FAQs

    What type of property is this?
    Office units - Retail and office space in the heart of Gig Harbor.
    Where is this office units located?
    The property is located at 9014 Peacock Hill Ave Gig Harbor, WA.
    What are key features of this property?
    This property features: - Located in the heart of Gig Harbor; - Excellent parking available on site; - **Excellent natural light and peekaboo views of Gig Harbor Bay**
    (253) 471-5504 Call to check price and availability
    Request Owner's contact information
    9014 Peacock Hill Ave Gig Harbor, WA 98332
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9014 Peacock Hill Ave
    Gig Harbor, WA 98332
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    9014 Peacock Hill Ave Gig Harbor, WA 98332
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lisa Tallman
    Lisa Tallman
    (253) 471-5504 (253) 472-0404
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!