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    2315 Hogum Bay Rd NE Lacey, WA 98516

    For Lease
    $0.25 SF/Yr ($500 /Mo)

    2-acre commercial land parcel available for ground lease.

    Property size:
    24,000 SF
    Lot size:
    4.18 Acres

    Property Features for 2315 Hogum Bay Rd NE

    General Information

    Size
    24,000 SF
    Lot size
    4.18 Acres

    Source: Kidder Mathews Agent Ryan Haddock

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

    Overview

    Prime Land Parcel For Lease

    This 2-acre commercial land parcel is located just north of Exit 111 on the Main Street Roundabout, outside of a planned hotel. The pad is expected to be delivered approximately in Q4 2022 or Q1 2023. Demising options are available for multiple tenants. The property is available for ground lease or build-to-suit.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lacey
    County
    Thurston
    State
    Washington
    Longitude
    -122.7675621
    Latitude
    47.0704813

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    FAQs

    What type of property is this?
    Land - 2-acre commercial land parcel available for ground lease.
    Where is this land located?
    The property is located at 2315 Hogum Bay Rd NE Lacey, WA.
    What is the lease rate?
    The lease rate is $0.25 SF/Yr.
    What are key features of this property?
    This property features: - **Prime 2-acre pad site ideal for development.**; - Located just north of Exit 111 on the Main Street Roundabout.; - Available for ground lease or Build-to-Suit (BTS).
    (360) 596-9151
    Request Owner's contact information
    2315 Hogum Bay Rd NE 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
    2315 Hogum Bay Rd NE Lacey, WA 98516
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