Retail Property in Lacey,
For Sale
Contact for pricing
6020 PACIFIC AVE SE LACEY WA 98503, Lacey, WA 98503
Retail property available for sale in Lacey, Washington.
Property Size16,036 SF
Price / SF$311.17
Days on Market330
Property Features for 6020 PACIFIC AVE SE LACEY WA 98503
General Information
Standard status
Active
Size
16,036 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
Net
Net Operating Income
$286,573
Building Details
Units
11
Tenancy
Multi
Listing Agency:
J & Ss Investments Inc
Listed By:
Andrew Hong · License #45174
(425) 774-2200
Source:
Crexi
Added: Nov 23, 2025
Changed: Oct 15
Last Checked: Oct 19 at 7:08AM
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 J & Ss Investments Inc
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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.
A retail property is available for sale at 6020 Pacific Ave SE, Lacey, WA. The property is classified under retail and other retail property types.
Key Highlights
- Retail property available for sale.
- Located in Lacey, Washington.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,567
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,871,340
$3.9M
Cap Rate 7%
$2,765,243
$2.8M
Cap Rate 9%
$2,150,744
$2.2M
Market Conditions
NOI Build-Up for 16,036 SF
Gross rent
$288.6K $18.00/SF
− Vacancy
−$12.1K −$0.76/SF
EGI
$276.5K $17.24/SF
− OpEx
−$83.0K −$5.17/SF
NOI
$193.6K $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%
$3,871,340
Cap Rate 7%
$2,765,243
Cap Rate 9%
$2,150,744
Alternative Uses
Best Use
Retail
$2.77M
$2.42M – $3.23M
NOI $193,567 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $328,674 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Retail property - Retail property available for sale in Lacey, Washington.
Where is this retail property located?
The property is located at 6020 PACIFIC AVE SE LACEY WA 98503 Lacey, WA.
What is the asking price?
The asking price for this property is $4,990,000.
What are key features of this property?
This property features: Retail property available for sale.; Located in Lacey, Washington.
