Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2830 Willamette Dr NE Lacey, WA 98516

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $20,915

    23,500 SF warehouse with 1,600 SF office near I-5.

    Property size:
    23,500 SF
    Lot size:
    23,500 SF

    Property Features for 2830 Willamette Dr NE

    General Information

    Standard status
    Active
    Size
    23,500 SF

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Evan Parker
    Source: Corcoran

    Listing Agency: KIDDER MATHEWS Listing Agent: Evan Parker

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

    Learn more

    Overview

    Lacey Warehouse with Office Space

    This 23,500 square foot suite includes 1,600 square feet of office space. The property is a light industrial warehouse space conveniently located close to I-5. It features a 24-foot clear height and 3-phase power. The warehouse includes 10 dock doors and 3 grade-level doors.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Similar Places Nearby

    Access - Scanning, Records Storage, and Document Management, Washington Archives Management, I5 Storage Shop, Records Storage, Allwest Moving & Storage

    Location Insight

    • Map
    • Local Demand
    City
    Lacey
    County
    Thurston
    State
    Washington
    Longitude
    -122.7475874
    Latitude
    47.0747571

    Nearby Similar for Lease

    • $16 SF/Yr
      3,750 SF

      Clearbrook Business Park Flex Space

      Flexible office, retail, and warehouse space available for rent.
      5709 Lacey Blvd SE, Lacey, WA 98503
      View Details
    • $18 SF/Yr
      2,300 SF

      Lacey Retail/Office Space Available

      Retail or office space with high visibility and ample parking.
      5707 Lacey Blvd SE, Lacey, WA 98503
      View Details
    • $19 SF/Yr
      1,476 SF

      Move-in Ready Remodeled Office Suite

      Remodeled 1,476 SF office suite in high-traffic Lacey plaza.
      4631 Whitman Ln SE, Lacey, WA 98513
      View Details
    • $14 SF/Yr
      2,172 SF

      Lacey Office Space with Balconies

      Office space featuring private offices, conference room, and balconies.
      4317 6Th Ave Southeast, Lacey, WA 98516
      View Details
    • $16 SF/Yr
      3,750 SF

      Clearbrook Business Park Flex Space

      Flexible office, retail, and warehouse space available for rent.
      5711 Lacey Blvd SE, Lacey, WA 98503
      View Details
    • $28 SF/Yr
      1,979 SF

      Retail Space in Lacey Center

      Retail space available in well-maintained Lacey shopping center.
      700 Sleater Kinney Rd SE, Lacey, WA 98503
      View Details
    • $800 /Mo
      163 SF

      Executive Office in Lacey Building

      Executive office space with common kitchen and easy access.
      975 Carpenter Rd NE, Lacey, WA 98516
      View Details
    • $3,800 /Mo
      1,200 SF

      New Retail Space in Lacey

      New retail space in Lacey's retail corridor, available 2024.
      1200 Galaxy Dr, Lacey, WA 98516
      View Details
    • $8,755 /Mo
      8,500 SF

      Lacey Warehouse with Office Space

      8,500 SF suite with office, near I-5.
      2830 Willamette Dr NE, Lacey, WA 98516
      View Details
    • $1,500 /Mo
      1,000 SF

      End-Cap Office or Retail Space

      Light, bright office or retail spaces in a mixed-use property.
      9333 Martin Way E, Lacey, WA 98516
      View Details
    • $6,808 /Mo
      1,945 SF

      Retail Space with Outdoor Patio

      Retail space with patio and strong co-tenancy, great visibility.
      2515 Marvin Rd NE, Lacey, WA 98516
      View Details
    • $6,840 /Mo
      7,200 SF

      Lacey Warehouse with Office Space

      Warehouse space with private office, kitchenette, and dock.
      8925 Orion Dr NE, Lacey, WA 98516
      View Details

    FAQs

    What type of property is this?
    Warehouse - 23,500 SF warehouse with 1,600 SF office near I-5.
    Where is this warehouse located?
    The property is located at 2830 Willamette Dr NE Lacey, WA.
    What is the lease rate?
    The lease rate is $20,915.
    What are key features of this property?
    This property features: - 23,500 SF light industrial warehouse space; - Convenient location close to I-5; - 10 dock doors and 3 grade level doors
    Request Owner's contact information
    2830 Willamette Dr NE Lacey, WA 98516
    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.
    2830 Willamette Dr NE
    Lacey, WA 98516
    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
    2830 Willamette Dr NE Lacey, WA 98516
    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
    Evan Parker
    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!