Gig Harbor Commercial Land
7817 Skansie Ave Gig Harbor, WA 98335
7817 Skansie Ave, Gig Harbor, WA, 98335
$849,000
For Sale
$849,000
Commercial land with reconstructed buildings in Gig Harbor, WA.
Property Size2,040 SF
Price / SF$416.18
Days on Market867
Property Features for 7817 Skansie Ave
General Information
- Standard status
- Active
- Size
- 2,040 SF
Building Details
- Year Built
- 1978
Listing Agency
FIRST WESTERN PROPERTIES - TACOMA, INC.
(253) 471-5504
Listed by
LISA TALLMAN
Source
Corcoran
Added: Mar 6, 2024 Updated: Mar 16 at 9:35 am Checked: Mar 16 at 9:35 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FIRST WESTERN PROPERTIES - TACOMA, INC.
Investment Insights
Based on property information with market context.
This property offers an owner/user opportunity with a purchase price of $849,000. It features 0.440 acres, which is approximately 19,166 square feet. The parcel number is 0221071017. The zoning is City of Gig Harbor-RB-2. There are two quality reconstructed buildings on the property, built in 2008. One building is a 600 square foot studio, and the other is a 1,440 square foot office/assembly building, making for a total of 2,040 square feet of building space. Power is provided by Peninsula Light Company, and water and sewer services are provided by the City of Gig Harbor.
Key Highlights
- Two quality re‑constructed buildings (2008)
- Sizable 0.440 acre (19,166 +/- SF) lot
- Zoned City of Gig Harbor‑RB‑2
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.8k | $21.96 |
| − Vacancy | −$6.3k | −$3.07 |
| EGI | $38.5k | $18.89 |
| − OpEx | −$9.6k | −$4.72 |
| NOI | $28.9k | $14.16 |
2,040 SF · lease $21.96/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$412.8K
$361.2K – $481.6K
NOI $28,895 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$551.0K
$482.1K – $642.8K
NOI $38,569 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Commercial land with reconstructed buildings in Gig Harbor, WA.
Where is this office building located?
The property is located at 7817 Skansie Ave Gig Harbor, WA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two quality re‑constructed buildings (2008); Sizable 0.440 acre (19,166 +/- SF) lot; Zoned City of Gig Harbor‑RB‑2
