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Freestanding Retail Shopping Center
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Pending

4660 Whitman Ln SE, Lacey, WA 98513

Commercial-zoned retail property with flexible configurations and a triple-net lease structure.

Property Size11,502 SF
Lot Size1.05 Acres
Days on Market212

Property Features for 4660 Whitman Ln SE

General Information

Standard status Pending
Size 11,502 SF
Class C
Total Parking Spaces 27
Lot size 1.05 Acres
Property subtype Retail
Zoning Commercial
Occupancy 100%
Lease Type NNN
Investment Type Stabilized
Net Operating Income $200,607

Additional Details

Highway Access Yes

Building Details

Year Built 1998
Buildings 1
Stories 1
Units 6
Tenancy Multi
Listing Agency: Marcus & Millichap - Portland
Listed By: Joseph B Dabush · License ##201257377
Source: Crexi
Added: Feb 1 Changed: Aug 31 Last Checked: Aug 31 at 4:53AM

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 Marcus & Millichap - Portland

Investment Insights

Based on property information with market context.

Lacey Retail Center is an 11,502-square-foot freestanding retail property on a 1.05-acre lot in Lacey, Washington. Built in 1998, the building includes flexible retail configurations and 27 parking spaces. The property is zoned Commercial and operates under a triple-net lease structure, with tenants responsible for nearly all operating expenses, including property taxes, insurance, and maintenance.

The center is located at 4660 Whitman Ln SE and has frontage on Yelm Highway within Rainier Commercial Park. Nearby commercial context includes Lowe’s, major retail anchors, the Lacey Corporate Center, Providence St. Peter Hospital, Washington State Government offices, and Sea Mar Community Health Centers. Regional access is provided by Interstate 5, with Joint Base Lewis-McChord also identified in the surrounding area.

Key Highlights

  • 11,502 SF freestanding retail building on a 1.05‑acre lot
  • 27 parking spaces and flexible retail configurations
  • Built in 1998; Commercial zoning

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Hair Salon Building Supply Auto Repair Shop Auto Parts Store Nail Salon

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

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

521
Businesses Nearby
Balanced
Demand for This Use

Demographics for 98513, WA

36,059
Population
14,533
Households
2.5
Avg Household Size
39
Median Age
33%
College-Educated
94%
High-School Grad
49.9 sq mi
ZIP Area
723
Density / Sq Mi
$108,270
Median Household Income
$54,639
Median Earnings
$1,897
Median Rent
$443,300
Median Home Value

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
Rey
Questions? Ask Rey
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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?
Shopping center - Commercial-zoned retail property with flexible configurations and a triple-net lease structure.
Where is this shopping center located?
The property is located at 4660 Whitman Ln SE Lacey, WA.
What are key features of this property?
This property features: 11,502 SF freestanding retail building on a 1.05‑acre lot; 27 parking spaces and flexible retail configurations; Built in 1998; Commercial zoning
(503) 200-2061 Call to check price and availability
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