Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Gig Harbor Office Space Available Title is generated by Realmo AI

    5801 Soundview Dr, Gig Harbor, WA 98335

    View on Map
    Claim this Listing
    For Lease
    $5,715/Mo $17 SF/Yr (calc)

    Office space for rent in Gig Harbor, Washington.

    Type:Commercial
    Property size:
    4,034 SF
    Added:
    Mar 9, 2023
    Days on Market:
    1183
    Last Refresh:
    Apr 5 at 11:21 pm

    Property Features for 5801 Soundview Dr

    General Information

    Standard status
    Active
    Size
    4,034 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1998

    We can help!

    Listing Contact
    EMILY FRANKLAND

    Listing agent EMILY FRANKLAND

    Listing office RUSH PROPERTIES

    Listing date Mar 9, 2023

    Source Corcoran

    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 RUSH PROPERTIES

    HighLights

    • Year Built: 1998

    Overview

    This commercial real estate offers office units and spaces for rent. The property provides 4034 square feet of space and is located at 5801 Soundview Dr, Gig Harbor, WA 98335.
    Property Profile Location Intelligence

    Current Use by Public Records

    Healing Waters Skincare ... Spa & Massage Center Harbor Wealth Management Financial Advisor Jacob L Potak ... Law Firm Kopta & Mac Pherson Law Firm Greene Tammis F Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gig Harbor
    County
    Pierce
    State
    Washington
    Longitude
    -122.578
    Latitude
    47.3111

    Nearby Similar for Lease

    • $4,941/Mo
      3,660 SF

      Retail Space in Gig Harbor

      Prime retail location with excellent visibility and access.
      10421 Burnham Dr NW, Gig Harbor, WA 98332
      View Details
    • $4,499/Mo
      2,999 SF

      Gig Harbor Flex Space Available

      Flex, industrial, and office spaces for lease in Gig Harbor.
      11901 137th Ave Ct NW, Gig Harbor, WA 98329
      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
    • $13,185/Mo
      5,860 SF

      Gig Harbor Flex Space Available

      Flex space in Gig Harbor with office and warehouse areas.
      9808 44th Ave NW, Gig Harbor, WA 98332
      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
    • $3,292/Mo
      1,646 SF

      Second Floor Office Space

      Office space with kitchenette, private office, and open area.
      2601 Jahn Ave NW, Gig Harbor, WA 98335
      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
    • $7,073/Mo
      2,947 SF

      Gig Harbor Flex Space Available

      Versatile 2,947 SF space with office and shop areas.
      6626 Wagner Way NW, Gig Harbor, WA 98335
      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
    • $3,366/Mo
      1,756 SF

      Gig Harbor Office/Retail Space

      First floor office/retail space available for rent.
      2601 Jahn Ave 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
    • $2,305/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

    FAQs

    What type of property is this?
    Office units - Office space for rent in Gig Harbor, Washington.
    Where is this office units located?
    The property is located at 5801 Soundview Dr Gig Harbor, WA.
    What is the lease rate?
    The lease rate is $5,715 /Mo.
    What are key features of this property?
    This property features: Year Built: 1998
    We can help!
    Listing Contact
    EMILY FRANKLAND
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    5801 Soundview Dr, Gig Harbor, WA 98335
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!