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

    3309 56th St NW Gig Harbor, WA 98335

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Professional office space with parking and highway access in Gig Harbor.

    Type:OFFICE
    Property size:
    1,188 SF
    Lot size:
    0.84 Acres
    Added:
    Apr 21, 2025
    Days on Market:
    376
    Last Refresh:
    Apr 5 at 8:29 pm

    Property Features for 3309 56th St NW

    General Information

    Standard status
    Active
    Size
    1,188 SF
    Lot size
    0.84 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 3309 56th St NW Contact us

    We can help!

    Listing Contact
    Lisa Tallman
    Lisa Tallman

    Listing agent Lisa Tallman

    Listing office First Western Properties - Tacoma, Inc.

    Listing date Apr 21, 2025

    Source Moodyscre

    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 - Tacoma, Inc.

    Overview

    Professional Office Space For Rent

    This office space, totaling 1188 square feet, is available for rent. The property features professional office build-outs and a contemporary design incorporating brick, metal, and stucco. There are 34 parking spaces available on site. Located in a private Westside location near new developments, the property offers convenient access to surrounding retailers and Highway 16. The location experiences traffic counts of 20,000 cars per day on Olympic Drive. NNN expenses are estimated at $6.50 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Vanraj C. ... Physician Alternative Back Care ... Medical Clinic Gig Harbor Foot ... Medical Clinic Sea Mar Community Center Ellie Sternquist Physician

    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
    -122.584
    Latitude
    47.3091

    Nearby Similar for Lease

    • $4,941/Mo

      Retail Space in Gig Harbor

      Prime retail location with excellent visibility and access.
      10421 Burnham Dr NW, Gig Harbor, WA 98332
      View Details
    • $4,499/Mo

      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
    • $2,744/Mo

      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
    • $13,185/Mo

      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
    • $5,878/Mo

      Professional Office Space Available

      First floor office with reception, kitchen, and parking.
      7525 Pioneer Way, Gig Harbor, WA 98335
      View Details
    • $3,800/Mo

      Gig Harbor Flex Space Available

      Flex space, warehouse, and office units available for lease.
      10421 Burnham Dr NW, Gig Harbor, WA 98332
      View Details
    • $7,073/Mo

      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
    • $2,079/Mo

      Professional Office Space Available

      Office space for rent with convenient highway access.
      3309 56th St NW, Gig Harbor, WA 98335
      View Details
    • $3,366/Mo

      Gig Harbor Office/Retail Space

      First floor office/retail space available for rent.
      2601 Jahn Ave NW, Gig Harbor, WA 98335
      View Details
    • $2,198/Mo

      Professional Office Space Available

      Office space for rent with convenient highway access.
      3309 56th St NW, Gig Harbor, WA 98335
      View Details
    • $2,305/Mo

      Office Retail Flex Space Available

      Office, retail, and flex spaces available for lease.
      5775 Soundview Dr, Gig Harbor, WA 98335
      View Details
    • $5,267/Mo

      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?
    Office units - Professional office space with parking and highway access in Gig Harbor.
    Where is this office units located?
    The property is located at 3309 56th St NW Gig Harbor, WA.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Private Westside location near new developments; 34 parking spaces on site for your convenience; Close access to HWY 16 for easy commuting
    (253) 471-5504 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lisa Tallman
    Lisa Tallman
    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!