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    5315 57Th St Gig Harbor, WA 98335

    Sponsored
    For Sale
    $1,490,000

    Prime Gig Harbor office building, multi-tenant potential.

    Property size:
    3,872 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story, 3,872 square foot commercial building in Gig Harbor, Washington, presents a compelling investment opportunity. Located at 5315 57th St NW, 98335, this Class C office building, constructed in 1990 and renovated in 1995, sits on two lots encompassing 33,976 square feet of land. The property boasts over 200 feet of frontage along Wollochet and offers convenient access to Highway 16. The versatile floor plan is currently configured to accommodate one to four tenants, with three spaces currently leased for a combined monthly rent of $5,950. Approximately 750 square feet of space is available for lease at $20 per square foot annually, plus NNN charges. The asking price is $1,490,000, translating to $384.81 per square foot. This property is ideal for owner-users seeking a prominent location or investors looking for a multi-tenant income stream. Ample parking is available. The property's diverse zoning allows for use as creative office, executive office, or medical office space. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Gig Harbor market.

    Property Features for 5315 57Th St

    General Information

    Property type
    Medical offices
    Square Feet
    3,872 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1990/1995
    Buildings
    1
    Stories
    2

    HighLights

    • Class C, 3,872 SF office building on two lots totaling 33,976 SF in Gig Harbor, WA.
    • Located at 5315 57th St NW, 98335, with over 200' of frontage on Wollochet and easy Highway 16 access.
    • Built in 1990, renovated in 1995, currently configured for 1‑4 tenants; three units leased at $5,950/month.
    • 750 SF available for lease at $20/SF annually, NNN.
    • Asking price: $1,490,000 ($384.81/SF). Ample parking.
    • Zoned for creative, executive, or medical office use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Vertical Bay Website Designer Lead Generation Internet Marketing Service Divine Tattoo Tattoo Shop Soap & Clay Health And Beauty Shop CM SR22 Insurance ... Insurance Company

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Gig Harbor
    County
    Pierce
    State
    Washington
    Longitude
    -122.6097977
    Latitude
    47.30911148

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    FAQs

    What type of property is this?
    Medical office - Prime Gig Harbor office building, multi-tenant potential.
    Where is this medical office located?
    The property is located at 5315 57Th St Gig Harbor, WA.
    What is the asking price?
    The asking price for this property is $1,490,000.
    What are key features of this property?
    This property features: Class C, 3,872 SF office building on two lots totaling 33,976 SF in Gig Harbor, WA.; Located at 5315 57th St NW, 98335, with over 200' of frontage on Wollochet and easy Highway 16 access.; Built in 1990, renovated in 1995, currently configured for 1-4 tenants; three units leased at $5,950/month.
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    5315 57Th St Gig Harbor, WA 98335
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    Gig Harbor, WA 98335
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    Realmo Value Estimation

    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.

    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.

    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
    5315 57Th St Gig Harbor, WA 98335
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