Lacey Investment Opportunity: Leased
8286 28th Ct Lacey, WA 98516
For Sale
Contact for pricing
Fully leased office/retail/flex buildings in Lacey's Hawks Prairie area.
Property Size18,300 SF
Lot Size1.72 Acres
Price / SF$272.95
Days on Market525
Property Features for 8286 28th Ct
General Information
Standard status
Active
Size
18,300 SF
Lot size
1.72 Acres
Property subtype
OFFICE
Listing Agency:
BHGRE Commercial Premier NW
(360) 943-9922
Listed By:
Joni Baker
(360) 943-9922
Source:
Moodyscre
Added: Feb 20, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:03AM
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 BHGRE Commercial Premier NW
Investment Insights
Based on property information with market context.
This investment opportunity features six well-maintained and fully leased office, retail, and flex-style buildings. The property offers convenient access and ample parking. Its location is near new developments and various retailers, including Starbucks, 23Kitchens, Mod Pizza, Gene Juarez Hair Salon, and IHop. The property is located in the Hawks Prairie area of Lacey, WA, and the total property size is 18300 square feet.
Key Highlights
- Six fully leased office/retail/flex style buildings.
- Investment opportunity in a high‑growth area (Hawks Prairie, Lacey, WA).
- Excellent access and ample parking.
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 | $395.3k | $21.60 |
| − Vacancy | −$77.5k | −$4.23 |
| EGI | $317.8k | $17.37 |
| − OpEx | −$79.5k | −$4.34 |
| NOI | $238.4k | $13.02 |
18,300 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.41M
$2.98M – $3.97M
NOI $238,354 @ 7.0% cap · market cap 4.77%
Second Best
Retail
$3.16M
$2.76M – $3.68M
NOI $220,896 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$5.36M
$4.69M – $6.25M
NOI $375,077 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased office/retail/flex buildings in Lacey's Hawks Prairie area.
Where is this mixed-use property located?
The property is located at 8286 28th Ct Lacey, WA.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Six fully leased office/retail/flex style buildings.; Investment opportunity in a high‑growth area (Hawks Prairie, Lacey, WA).; Excellent access and ample parking.
