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14619 Purdy Dr NW, Gig Harbor, WA 98332
Commercial property in Purdy with excellent visibility and ample parking.
Property Size3,078 SF
Lot Size1.97 Acres
Price / SF$323.26
Days on Market615
Property Features for 14619 Purdy Dr NW
General Information
Standard status
Active
Size
3,078 SF
Lot size
1.97 Acres
Property subtype
OFFICE
Listing Agency:
G. Anderson Group, LLC
(360) 373-2343
Listed By:
Gary Anderson · License #43562
(360) 731-3739
Source:
Moodyscre
Added: Feb 20, 2025
Changed: Oct 25
Last Checked: Oct 26 at 8:00PM
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 G. Anderson Group, LLC
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Investment Insights
Based on property information with market context.
This 3,078 square foot commercial property is located in Purdy and offers excellent visibility and ample space. The building is configured into two separate suites, providing flexibility for tenants or an owner-user. The layout includes approximately 12 offices and a dedicated reception area. This configuration is suitable for professional services, medical offices, or other businesses requiring a combination of private offices and client-facing space. The two suites can be combined into one large space. A large, paved parking lot provides convenient access for customers and employees. A bonus lot located behind the building backs up to a peaceful creek, offering potential for employee break areas or future development, subject to permitting. The property is situated directly off a high-traffic road, ensuring exceptional exposure and easy access.
Key Highlights
- High‑traffic location with excellent visibility.
- Large, paved parking lot.
- 3,078 sq ft building configured as two suites, offering flexibility for tenants or owner‑user.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,645
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,900
$872.9K
Cap Rate 7%
$623,500
$623.5K
Cap Rate 9%
$484,944
$484.9K
Market Conditions
NOI Build-Up for 3,078 SF
Gross rent
$84.6K $27.48/SF
− Vacancy
−$11.8K −$3.85/SF
EGI
$72.7K $23.63/SF
− OpEx
−$29.1K −$9.45/SF
NOI
$43.6K $14.18/SF
Area
Pierce County, WA
Vacancy
14.00%
Lease Rate
$27.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$872,900
Cap Rate 7%
$623,500
Cap Rate 9%
$484,944
Alternative Uses
Best Use
Healthcare Medical
$623.5K
$545.6K – $727.4K
NOI $43,645 @ 7.0% cap · market cap 4.39%
Second Best
Office B
$622.8K
$545.0K – $726.6K
NOI $43,597 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$831.3K
$727.4K – $969.9K
NOI $58,193 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
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Business Placement
Demographics for 98332, WA
20,704
Population
7,897
Households
2.6
Avg Household Size
47
Median Age
52%
College-Educated
97%
High-School Grad
20.7 sq mi
ZIP Area
1,000
Density / Sq Mi
$122,827
Median Household Income
$64,286
Median Earnings
$2,373
Median Rent
$686,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial property in Purdy with excellent visibility and ample parking.
Where is this office unit located?
The property is located at 14619 Purdy Dr NW Gig Harbor, WA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: High‑traffic location with excellent visibility.; Large, paved parking lot.; 3,078 sq ft building configured as two suites, offering flexibility for tenants or owner‑user.
