Stabilized Retail and Office
130 Marvin Rd SE Lacey, WA 98516
For Sale
Contact for pricing
Fully stabilized shopping center with retail and office space, 100% occupied by a balanced tenant mix.
Property Size23,889 SF
Price / SF$230.23
Days on Market46
Property Features for 130 Marvin Rd SE
General Information
Standard status
Active
Size
23,889 SF
Property subtype
RETAIL
Listing Agency:
BHGRE Commercial Premier NW
(360) 943-9922
Listed By:
Joni Baker
(360) 943-9922
Source:
Moodyscre
Added: Jun 15
Changed: Jul 26
Last Checked: Jul 29 at 4:12PM
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 fully stabilized shopping center features a mix of retail and office space and is reported as 100% occupied. The property is presented with a strong, balanced tenant mix, including health and wellness anchors.
Located on the N. Lacey commercial corridor at 130 Marvin Rd SE, the asset is positioned within a thriving local retail and office environment. The current configuration supports ongoing income stability based on the stated occupancy and tenant mix.
Located on the N. Lacey commercial corridor at 130 Marvin Rd SE, the asset is positioned within a thriving local retail and office environment. The current configuration supports ongoing income stability based on the stated occupancy and tenant mix.
Key Highlights
- Fully stabilized shopping center with retail and office space
- 100% occupied with a balanced tenant mix of retail and office tenants
- Tenant mix includes strong health and wellness anchors
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 | $516.0k | $21.60 |
| − Vacancy | −$101.1k | −$4.23 |
| EGI | $414.9k | $17.37 |
| − OpEx | −$103.7k | −$4.34 |
| NOI | $311.1k | $13.02 |
23,889 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.44M
$3.89M – $5.19M
NOI $311,149 @ 7.0% cap · market cap 5.66%
Second Best
Retail
$4.12M
$3.60M – $4.81M
NOI $288,359 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$6.99M
$6.12M – $8.16M
NOI $489,629 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Hawks Prairie Village Mall — 1243 Marvin Rd NE, Lacey, WA 98516
- Black Hawk Plaza — 8825 Tallon Ln NE, Lacey, WA 98516
- Coinstar Kiosk | Bitcoin ATM — 1243 Marvin Rd NE Safeway, Olympia, WA 98516
- freedom point plaza — 8120 Freedom Ln NE, Lacey, WA 98516
Frequently Asked Questions
What type of property is this?
Shopping center - Fully stabilized shopping center with retail and office space, 100% occupied by a balanced tenant mix.
Where is this shopping center located?
The property is located at 130 Marvin Rd SE Lacey, WA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Fully stabilized shopping center with retail and office space; 100% occupied with a balanced tenant mix of retail and office tenants; Tenant mix includes strong health and wellness anchors
