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

    3006 Judson St Gig Harbor, WA 98335

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $56,250 SF/Yr $117,187,500/Mo (calc)

    25,000 SF retail space in a landmark shopping center.

    Type:Commercial
    Property size:
    25,000 SF
    Added:
    Jan 21, 2026
    Days on Market:
    90
    Last Refresh:
    Apr 5 at 11:14 pm

    Property Features for 3006 Judson St

    General Information

    Standard status
    Active
    Size
    25,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1958

    We can help!

    Listing Contact
    EMILY FRANKLAND

    Listing agent EMILY FRANKLAND

    Listing office RUSH PROPERTIES

    Listing date Jan 21, 2026

    Source Corcoran

    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 RUSH PROPERTIES

    Overview

    Retail Anchor Opportunity in Gig Harbor

    This property offers a transformational retail anchor opportunity in a landmark shopping center undergoing redevelopment. The available space is approximately 25,000 square feet. It is located in the heart of a vibrant and growing waterfront community, east of Highway 16. The location provides easy access and is minutes from Highway 16, connecting Pierce and Kitsap Counties.
    Location Intelligence

    Current Use by Public Records

    Travel Leaders Travel Agency Fred Tebb & Sons ... Industrial Manufacturer Life Line Pet ... Big Box & Wholesale Store

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Gig Harbor
    County
    Pierce
    State
    Washington
    Longitude
    -122.58
    Latitude
    47.3273

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Gig Harbor

      Prime retail location with excellent visibility and access.
      10421 Burnham Dr NW, Gig Harbor, WA 98332
      View Details
    • Contact for pricing

      Gig Harbor Flex Space Available

      Flex, industrial, and office spaces for lease in Gig Harbor.
      11901 137th Ave Ct NW, Gig Harbor, WA 98329
      View Details
    • Contact for pricing

      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
    • Contact for pricing

      Gig Harbor Flex Space Available

      Flex space in Gig Harbor with office and warehouse areas.
      9808 44th Ave NW, Gig Harbor, WA 98332
      View Details
    • Contact for pricing

      Professional Office Space Available

      First floor office with reception, kitchen, and parking.
      7525 Pioneer Way, Gig Harbor, WA 98335
      View Details
    • Contact for pricing

      Gig Harbor Flex Space Available

      Flex space, warehouse, and office units available for lease.
      10421 Burnham Dr NW, Gig Harbor, WA 98332
      View Details
    • Contact for pricing

      Gig Harbor Flex Space Available

      Versatile 2,947 SF space with office and shop areas.
      6626 Wagner Way NW, Gig Harbor, WA 98335
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office space for rent with convenient highway access.
      3309 56th St NW, Gig Harbor, WA 98335
      View Details
    • Contact for pricing

      Gig Harbor Office/Retail Space

      First floor office/retail space available for rent.
      2601 Jahn Ave NW, Gig Harbor, WA 98335
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office space for rent with convenient highway access.
      3309 56th St NW, Gig Harbor, WA 98335
      View Details
    • Contact for pricing

      Office Retail Flex Space Available

      Office, retail, and flex spaces available for lease.
      5775 Soundview Dr, Gig Harbor, WA 98335
      View Details
    • Contact for pricing

      Gig Harbor Office Space Available

      Office space for rent in a professional business park.
      5401 32nd Ave NW, Gig Harbor, WA 98335
      View Details

    FAQs

    What type of property is this?
    Retail space - 25,000 SF retail space in a landmark shopping center.
    Where is this retail space located?
    The property is located at 3006 Judson St Gig Harbor, WA.
    What is the lease rate?
    The lease rate is $56,250.
    What are key features of this property?
    This property features: 25,000 SF anchor space available.; Located in a vibrant, growing waterfront community.; Landmark shopping center undergoing transformational redevelopment.
    We can help!
    Listing Contact
    EMILY FRANKLAND
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!