Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8205 Martin Way E Lacey, WA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in Lacey's retail core.

    Type:RETAIL
    Property size:
    1,530 SF
    Lot size:
    5.26 Acres
    Added:
    Jan 14, 2012
    Days on Market:
    5219
    Last Refresh:
    Apr 5 at 8:21 pm

    Property Features for 8205 Martin Way E

    General Information

    Standard status
    Active
    Size
    1,530 SF
    Lot size
    5.26 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 8205 Martin Way E Contact us

    We can help!

    Listing Contact
    Joni Baker

    Listing agent Joni Baker

    Listing office BHGRE Commercial Premier NW

    Listing date Jan 14, 2012

    Source Moodyscre

    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 BHGRE Commercial Premier NW

    Overview

    Retail Space in Lacey Core

    This retail space is located in a grocery-anchored neighborhood center with a strong national tenant lineup, including Grocery Outlet, Jack In The Box, JP Morgan Chase, Subway, H&R Block, and Allstate. Situated at the corner of Martin Way and Marvin Rd in Hawks Prairie, it lies in the heart of Lacey's retail core, one block south of the I-5 diamond interchange. The location benefits from high traffic counts of over 44,600 vehicles daily. The available space, formerly a College Cleaners, is located next to Happy Teriyaki and offers 1,530 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lacey
    County
    Thurston
    State
    Washington
    Longitude
    -122.766
    Latitude
    47.0554

    Nearby Similar for Lease

    • $2,605/Mo

      Versatile Industrial Space in Lacey

      Modern industrial suite suitable for retail, office, warehouse, and light industrial.
      7940 29th Ave NE, Lacey, WA 98516
      View Details
    • $3,349/Mo

      Lacey Office Space Available

      2115 SF office space with private offices and shared amenities.
      975 Carpenter Rd NE, Lacey, WA 98516
      View Details
    • $1,500/Mo

      End-Cap Office or Retail Space

      Light, bright office or retail spaces in a mixed-use property.
      9333 Martin Way E, Lacey, WA 98516
      View Details
    • $2,083/Mo

      Northshore Corporate Office Space

      Affordable office spaces available in Lacey, WA.
      8613 Martin Way E, Lacey, WA 98516
      View Details
    • $833/Mo

      Office Space in Lacey

      Affordable office space with utilities included in Lacey, WA.
      8613 Martin Way E, Lacey, WA 98516
      View Details
    • $2,200/Mo

      Retail Space in Lacey Core

      Retail space in a grocery-anchored neighborhood center.
      8205 Martin Way E, Lacey, WA 98516
      View Details
    • $5,332/Mo

      Prime Retail Space Next Starbucks

      Retail space with high visibility and traffic, near I-5.
      1020 Kingham St NE, Lacey, WA 98516
      View Details
    • $3,829/Mo

      Retail Space in Lacey Corridor

      New retail space in Lacey's prime shopping center.
      1200 Galaxy Dr, Lacey, WA 98516
      View Details
    • $3,800/Mo

      New Retail Space in Lacey

      New retail space in Lacey's retail corridor, available 2024.
      1200 Galaxy Dr, Lacey, WA 98516
      View Details
    • $2,356/Mo

      Lacey Office/Event Space For Rent

      1488 SF Lacey office/event space with kitchen, parking.
      975 Carpenter Rd NE, Lacey, WA 98516
      View Details
    • $6,040/Mo

      Freestanding Warehouse Space Available

      6,040 SF warehouse suitable for light industrial or retail.
      2900 Marvin Road NE, Lacey, WA 98516
      View Details
    • $12,099/Mo

      Lacey Warehouse Space Available

      Warehouse space with offices, kitchenette, dock and grade doors.
      8925 Orion Dr NE, Lacey, WA 98516
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail space available in Lacey's retail core.
    Where is this strip mall located?
    The property is located at 8205 Martin Way E Lacey, WA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: Grocery anchored neighborhood center with a strong national tenant lineup including Grocery Outlet, Jack In The Box and JP Morgan Chase.; Located in Hawks Prairie, the heart of Lacey’s retail core, at the corner of Martin Way and Marvin Rd.; High daily traffic counts of 44,600+.
    (360) 943-9922 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joni Baker
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!