Two-Story Building with
5315 57th St NW Gig Harbor, WA 98335
5315 57th St NW, Gig Harbor, WA, 98335
Contact for pricing
For Sale
Contact for pricing
Two-story building with parking, ideal for owner-user or investment.
Property Size3,872 SF
Lot Size0.78 Acres
Price / SF$384.81
Days on Market1610
Property Features for 5315 57th St NW
General Information
- Standard status
- Active
- Size
- 3,872 SF
- Lot size
- 0.78 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1990
Listing agency
Pacific Commercial Brokers
(253) 988-0080
Listed by
Tom O'Brien · License #WA
Source
Crexi
Added: Feb 22, 2022 Updated: Jul 6 at 8:26AM Checked: Jul 21 at 12:34PM
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 Pacific Commercial Brokers
Investment Insights
Based on property information with market context.
This two-story building includes parking and is situated along Wollochet, featuring over 200 feet of frontage. It is located within minutes of Highway 16. The versatile floor plan is configured to accommodate one to four tenants. Currently, three spaces are leased for a combined total of $5,950 per month. Approximately 750 square feet is available at $20 per square foot per year, plus NNN. The sale includes 2 lots totaling 33,976 square feet of land. This property is ideal for an owner-user or as an investment property. The building has a size of 3,872 square feet.
Key Highlights
- Over 200 feet of frontage along Wollochet.
- Income producing property with $5,950/mo. in existing leases.
- Versatile floor plan accommodating one to four tenants.
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 | $85.0k | $21.96 |
| − Vacancy | −$11.9k | −$3.07 |
| EGI | $73.1k | $18.89 |
| − OpEx | −$18.3k | −$4.72 |
| NOI | $54.8k | $14.16 |
3,872 SF · lease $21.96/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$783.5K
$685.6K – $914.1K
NOI $54,844 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$915.1K – $1.22M
NOI $73,205 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vertical Bay
Marketing & Advertising
Lead Generation
Marketing & Advertising
Divine Tattoo
Tattoo & Piercing Shop
Soap & Clay
(Bike/Boat/Book/etc) Store
CM SR22 Insurance ...
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story building with parking, ideal for owner-user or investment.
Where is this office building located?
The property is located at 5315 57th St NW 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: Over 200 feet of frontage along Wollochet.; Income producing property with $5,950/mo. in existing leases.; Versatile floor plan accommodating one to four tenants.
