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Retail Space in Martin Village
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5420 Martin Way E, Lacey, WA 98516

Large retail space available for lease or sale in Martin Village, offering 57,265 square feet.

Property Size57,265 SF
Price / SF$122.24
Days on Market558

Property Features for 5420 Martin Way E

General Information

Standard status Active
Size 57,265 SF
Property subtype Retail
Listing Agency: First Western Properties, Inc.
Listed By: Jake Thurber · License #138231
Source: Crexi
Added: Apr 19, 2025 Changed: Oct 25 Last Checked: Oct 28 at 8:14AM

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, Inc.

Rey
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Investment Insights

Based on property information with market context.

This retail space in Martin Village is available for lease or sale. The offering totals 57,265 square feet, and the stated asking base rent is $9.00 per square foot for lease inquiries.

The property is located at 5420 Martin Way E in Lacey, Washington 98516. Please note the listing instructions: do not disturb the tenant.

For purchase terms, the public remarks request that interested parties contact the broker for more information.

Key Highlights

  • 57,265 SF retail space available for lease or sale in Martin Village
  • Asking base rent of $9.00 PSF
  • Purchase price: contact broker for more information

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop HVAC Service Big Box & Wholesale Store Storage Facility Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

107
Businesses Nearby

Demographics for 98516, WA

29,443
Population
11,600
Households
2.5
Avg Household Size
38
Median Age
37%
College-Educated
94%
High-School Grad
28.8 sq mi
ZIP Area
1,022
Density / Sq Mi
$92,191
Median Household Income
$52,188
Median Earnings
$1,948
Median Rent
$528,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Large retail space available for lease or sale in Martin Village, offering 57,265 square feet.
Where is this retail space located?
The property is located at 5420 Martin Way E Lacey, WA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 57,265 SF retail space available for lease or sale in Martin Village; Asking base rent of $9.00 PSF; Purchase price: contact broker for more information
(206) 817-4935 Call to check price and availability
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