Freestanding Storefront
5910 Pacific Ave SE, Lacey, WA 98503
For Sale
Contact for pricing
Standalone retail space with a newer roof, on-site parking, and established tenant occupancy.
Property Size5,040 SF
Price / SF$376.98
Days on Market67
Property Features for 5910 Pacific Ave SE
General Information
Standard status
Size
Property subtype
Building Details
Buildings
Tenancy
Listing Agency:
RE/MAX Parkside Affiliates
(360) 754-7090
Listed By:
Paul McLain, CCIM · License #19412
(360) 239-9333
Source:
Moodyscre
Added: Sep 2
Changed: Nov 4
Last Checked: Nov 6 at 6:16AM
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 RE/MAX Parkside Affiliates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,040-square-foot freestanding storefront property is configured for retail use and includes on-site parking. The building has a new roof and has operated as a pawn shop for approximately 20 years.
The same tenant has occupied the property during that period without rent increases. Located at 5910 Pacific Ave SE in Lacey, Washington, the asset offers an established retail setting with a long operating history.
The same tenant has occupied the property during that period without rent increases. Located at 5910 Pacific Ave SE in Lacey, Washington, the asset offers an established retail setting with a long operating history.
Key Highlights
- 5,040‑square‑foot freestanding storefront building
- New roof
- Ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,837
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,740
$1.2M
Cap Rate 7%
$869,100
$869.1K
Cap Rate 9%
$675,967
$676.0K
Market Conditions
NOI Build-Up for 5,040 SF
Gross rent
$90.7K $18.00/SF
− Vacancy
−$3.8K −$0.76/SF
EGI
$86.9K $17.24/SF
− OpEx
−$26.1K −$5.17/SF
NOI
$60.8K $12.07/SF
Area
Thurston County, WA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,740
Cap Rate 7%
$869,100
Cap Rate 9%
$675,967
Alternative Uses
Best Use
Retail
$869.1K
$760.5K – $1.01M
NOI $60,837 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,300 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98503, WA
40,346
Population
18,375
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
93%
High-School Grad
11.1 sq mi
ZIP Area
3,635
Density / Sq Mi
$87,515
Median Household Income
$47,554
Median Earnings
$1,673
Median Rent
$407,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Signature Vase — 921 Ulery St SE, Lacey, WA 98503
Frequently Asked Questions
What type of property is this?
Storefront property - Standalone retail space with a newer roof, on-site parking, and established tenant occupancy.
Where is this storefront property located?
The property is located at 5910 Pacific Ave SE Lacey, WA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 5,040‑square‑foot freestanding storefront building; New roof; Ample parking
