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

    7195 Wagner Way NW Gig Harbor, WA 98335

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,598 /Mo ($26 SF/Yr)

    Office space with private offices, reception, and kitchenette.

    Property size:
    2,122 SF
    Lot size:
    2,122 SF

    Property Features for 7195 Wagner Way NW

    General Information

    Standard status
    Active
    Size
    2,122 SF

    Building Details

    Year built
    2006

    We can help!

    Listing Contact
    Gary Gallinger
    Source: Corcoran

    Listing Agency: HARBOR REALTY ADVISORS, LLC Listing Agent: Gary Gallinger

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

    Learn more

    Overview

    High Quality Office Space

    This high-quality office space, located on the second floor of a building without an elevator, features great finishes. The layout includes two private offices, a reception area, a kitchenette, and an open workspace. There are two common restrooms available. The property offers easy access to Highway 16. The space totals 2122 square feet.
    Location Intelligence

    Current Use by Public Records

    Nutek Electric Electrical Service Convergent Therapies Alternative Medicine Practice Sound Wealth Partners Consultant Northwest Open Access ... Telecommunications Service Gig Harbor Temp ... Hardware & Home Improvement

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gig Harbor
    County
    Pierce
    State
    Washington
    Longitude
    -122.5932097
    Latitude
    47.3228635

    Nearby Similar for Lease

    • $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
    • $2,000 /Mo
      940 SF

      Gig Harbor Office Space Available

      Main floor office suite in high-traffic Gig Harbor area.
      4221 Harborview Dr, Gig Harbor, WA 98332
      View Details
    • $5,255 /Mo
      2,252 SF

      Downtown Gig Harbor Office Space

      Office space for rent in downtown Gig Harbor.
      3312 Rosedale 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
    • $4,368 /Mo
      2,279 SF

      Gig Harbor First Floor Office

      First floor office space with multiple private offices.
      2601 Jahn Ave NW, 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
    • $2,966 /Mo
      1,271 SF

      Office Space For Rent

      Second floor office space available in a quiet building.
      7195 Wagner Way NW, Gig Harbor, WA 98335
      View Details
    • $5,880 /Mo
      2,940 SF

      Gig Harbor Second Floor Office

      Second floor office space with mountain and water views.
      2601 Jahn Ave NW, 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
    • $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
    • $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
    • $2,744 /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

    FAQs

    What type of property is this?
    Office units - Office space with private offices, reception, and kitchenette.
    Where is this office units located?
    The property is located at 7195 Wagner Way NW Gig Harbor, WA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Easy access to Hwy 16; - High-quality building with great finishes; - Two private offices with reception area
    Request Owner's contact information
    7195 Wagner Way NW Gig Harbor, WA 98335
    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.
    7195 Wagner Way NW
    Gig Harbor, WA 98335
    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
    7195 Wagner Way NW Gig Harbor, WA 98335
    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!
    Listing Contact
    Gary Gallinger
    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!