Retail Office Building with On-Site
6020 Pacific Avenue Southeast Lacey, WA 98503
New
6020 Pacific Avenue Southeast, Lacey, WA, 98503
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For Sale
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Flexible retail/office building with direct major-arterial frontage and ample on-site parking in Lacey.
Property Size16,036 SF
Price / SF$311.17
Days on Market3
Property Features for 6020 Pacific Avenue Southeast
General Information
- Standard status
- Active
- Size
- 16,036 SF
- Property subtype
- Retail
Listing agency
J & Ss Investments Inc
Listed by
Andrew Hong · License #45174
Source
Crexi
Added: Jul 19 Updated: Jul 21 at 2:31PM Checked: Jul 21 at 2:31PM
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
Investment Insights
Based on property information with market context.
Located at 6020 Pacific Avenue SE in Lacey, WA, this retail/office commercial building offers a flexible layout designed to accommodate a variety of commercial uses. The property includes ample on-site parking and provides direct frontage along a major arterial.
The site is positioned along one of Lacey’s highest-traffic corridors, with convenient access to I-5 and Martin Way, and it sits within a broader retail trade area surrounded by retailers and established service businesses.
Zoning supports a wide range of uses, including retail, service, medical/dental, professional office, and specialty commercial, providing options for an owner-operator, tenant, or long-term hold.
The site is positioned along one of Lacey’s highest-traffic corridors, with convenient access to I-5 and Martin Way, and it sits within a broader retail trade area surrounded by retailers and established service businesses.
Zoning supports a wide range of uses, including retail, service, medical/dental, professional office, and specialty commercial, providing options for an owner-operator, tenant, or long-term hold.
Key Highlights
- Flexible retail/office commercial building with direct frontage on Pacific Ave SE in Lacey.
- Zoning supports retail, service, medical/dental, professional office, and specialty commercial uses.
- Ample on‑site parking for tenants and customers.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $346.4k | $21.60 |
| − Vacancy | −$67.9k | −$4.23 |
| EGI | $278.5k | $17.37 |
| − OpEx | −$69.6k | −$4.34 |
| NOI | $208.9k | $13.02 |
16,036 SF · lease $21.60/SF/yr · vacancy 19.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.98M
$2.61M – $3.48M
NOI $208,866 @ 7.0% cap · market cap 4.19%
Second Best
Retail
$2.77M
$2.42M – $3.23M
NOI $193,567 @ 7.0% cap · market cap 3.88%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Flexible retail/office building with direct major-arterial frontage and ample on-site parking in Lacey.
Where is this retail space located?
The property is located at 6020 Pacific Avenue Southeast 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: Flexible retail/office commercial building with direct frontage on Pacific Ave SE in Lacey.; Zoning supports retail, service, medical/dental, professional office, and specialty commercial uses.; Ample on‑site parking for tenants and customers.
