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Warehouse Property with Yard
For Lease
$10,542/Mo

8920 Martin Way E, Lacey, WA 98516

Two warehouse suites offer flexible occupancy, with the option to combine the spaces for a larger operation.

Space Size4,560 SF - 12,402 SF
Lot Size2.50 Acres
Days on Market38

Property Features for 8920 Martin Way E

General Information

Standard status Active
Size 4,560 SF - 12,402 SF
Net Rentable 4,560 SF
Lot size 2.50 Acres
Property subtype Commercial

Space & Availability

Available Space 4,560-12,402 SF
Contiguous Space 12,402 SF
Divisible Yes
Space Use Warehouse

Site & Location

Road Access Yes
Outdoor Storage Yes

Warehouse & Industrial

Dock-High Doors 2
Drive-In Doors 4

Building Details

Year Built 1979
Building Size 12,402 SF
Listing Agency: KIDDER MATHEWS
Listed By: AMY HARDING · License #125436
Source: Corcoran
Added: Jul 24 Changed: Aug 29 Last Checked: Aug 29 at 6:33PM

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

Investment Insights

Based on property information with market context.

This warehouse property at 8920 Martin Way E includes two suites that may be leased separately or combined into one 12,402 SF configuration. Suite A contains 4,560 SF, including a 300 SF office, with potential for some additional office area and one grade-level door. Suite B provides 7,842 SF, including 1,400 SF of office space, three grade doors, and two dock doors.

The property includes Martin Way frontage and a 2.5-acre yard, supporting tenants that need both enclosed warehouse space and outdoor area. Built in 1979, the facility is located in the Lacey/Hawks Prairie core.

Key Highlights

  • 12,402 SF total when Suite A and Suite B are combined
  • Suite A: 4,560 SF with 300 SF office and 1 Grade Door
  • Suite B: 7,842 SF with 1,400 SF office

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Catering Service Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Dock-high doors
4
Drive-in doors
Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.53 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

433
Businesses Nearby
Balanced
Demand for This Use

Demographics for 98516, WA

29,443
Population
11,600
Households
2.5
Avg Household Size
38
Median Age
37%
College-Educated
94%
High-School Grad
28.8 sq mi
ZIP Area
1,022
Density / Sq Mi
$92,191
Median Household Income
$52,188
Median Earnings
$1,948
Median Rent
$528,000
Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Lacey Self Storage 8345 Martin Way E, Lacey, WA 98516
  • Public Storage 8200 Martin Way E, Lacey, WA 98516
  • Storageland LLC 8940 Martin Way E, Lacey, WA 98516
  • I5 Storage Shop 8735 Commerce Pl Dr NE, Lacey, WA 98516

Frequently Asked Questions

What type of property is this?
Warehouse - Two warehouse suites offer flexible occupancy, with the option to combine the spaces for a larger operation.
Where is this warehouse located?
The property is located at 8920 Martin Way E Lacey, WA.
What is the lease rate?
The lease rate is $10,542/Mo.
What are key features of this property?
This property features: 12,402 SF total when Suite A and Suite B are combined; Suite A: 4,560 SF with 300 SF office and 1 Grade Door; Suite B: 7,842 SF with 1,400 SF office
More about this property
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