Fenced Flex Property with
6360 Carpenter Rd SE, Lacey, WA 98503
For Sale
Contact for pricing
Multiple warehouse buildings and gated access pair with a paved and gravel yard for varied industrial operations.
Property Size11,500 SF
Lot Size2.00 Acres
Price / SF$217.39
Days on Market17
Property Features for 6360 Carpenter Rd SE
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Warehouse Space
Office Build-Out
Trailer Parking
Additional Details
Property Use
Building Details
Buildings
Listing Agency:
Kidder Mathews
(253) 722-1400
Listed By:
Brian Richardson · License #78371
(206) 276-6811
Source:
Moodyscre
Added: Oct 22
Changed: Nov 4
Last Checked: Nov 6 at 9:38AM
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 Kidder Mathews
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property in Lacey, Washington, includes approximately 11,500 square feet of warehouse and office space across two buildings. One building has a 6,500-square-foot warehouse and 2,000 square feet of office space; a separate structure provides another 3,000 square feet of warehouse area. Multiple grade-level loading doors support ground access, and the roofs are reportedly less than 10 years old.
The 2.0-acre site is fully fenced and offers two gated entrances, paved and gravel yard areas, and 27 semi-trailer parking spaces. The property is vacant and may accommodate occupancy or new rental use, subject to applicable approvals.
The 2.0-acre site is fully fenced and offers two gated entrances, paved and gravel yard areas, and 27 semi-trailer parking spaces. The property is vacant and may accommodate occupancy or new rental use, subject to applicable approvals.
Key Highlights
- 2.0‑acre site with approximately 11,500 SF of warehouse and office space
- 6,500 SF warehouse with 2,000 SF of office space, plus a separate 3,000 SF warehouse
- 27 semi‑trailer parking spaces across paved and gravel yard areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,185
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,263,700
$2.3M
Cap Rate 7%
$1,616,929
$1.6M
Cap Rate 9%
$1,257,611
$1.3M
Market Conditions
NOI Build-Up for 11,500 SF
Gross rent
$140.8K $12.24/SF
− Vacancy
−$7.6K −$0.66/SF
EGI
$133.2K $11.58/SF
− OpEx
−$20.0K −$1.74/SF
NOI
$113.2K $9.84/SF
Area
Thurston County, WA
Vacancy
5.40%
Lease Rate
$12.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,263,700
Cap Rate 7%
$1,616,929
Cap Rate 9%
$1,257,611
Alternative Uses
Best Use
Warehouse
$1.62M
$1.41M – $1.89M
NOI $113,185 @ 7.0% cap · market cap 4.53%
Second Best
Flex RnD
$1.45M
$1.26M – $1.69M
NOI $101,192 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,704 @ 7.0% cap · market cap 9.43%
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
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
418
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 Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Multiple warehouse buildings and gated access pair with a paved and gravel yard for varied industrial operations.
Where is this flex space located?
The property is located at 6360 Carpenter Rd SE Lacey, WA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 2.0‑acre site with approximately 11,500 SF of warehouse and office space; 6,500 SF warehouse with 2,000 SF of office space, plus a separate 3,000 SF warehouse; 27 semi‑trailer parking spaces across paved and gravel yard areas
