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    905 Carpenter Rd Lacey, WA 98503

    Sponsored
    For Sale
    $950,000

    1.64 Acres, High-Traffic Carpenter Rd.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.64-acre parcel presents a rare opportunity for commercial development in Lacey, Washington. Strategically located on the highly trafficked Carpenter Road SE, this property represents the last remaining commercially zoned land in this desirable section. The zoning designation is CBD 4, offering a wide array of permitted uses, including but not limited to car washes, medical facilities, retail establishments, pharmacies, and daycare centers. The versatility of this zoning allows for significant flexibility in development plans, catering to a diverse range of commercial ventures. The property's prominent location ensures high visibility and accessibility, making it an ideal site for businesses seeking maximum exposure. With its substantial size and prime location, this land offers exceptional potential for investors and developers seeking a lucrative investment in a thriving commercial area. The address is 905 Carpenter RD SE, Lacey, WA 98503, within Thurston County. The asking price for this unique opportunity is $950,000. This is a truly exceptional opportunity to acquire a highly desirable commercial property in a rapidly growing market. Don't miss out on this chance to secure a prime piece of Lacey real estate.

    Property Features for 905 Carpenter Rd

    General Information

    Property type
    Land
    Lot Size
    71,438 SF

    HighLights

    • $950,000 asking price.
    • 1.64‑acre vacant commercial land parcel.
    • Located at 905 Carpenter Rd SE, Lacey, WA 98503.
    • Zoned CBD‑4, allowing for diverse commercial uses including retail, medical, and daycare.
    • Last commercially zoned lot on this section of Carpenter Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lacey
    County
    Thurston
    State
    Washington
    Longitude
    -122.801572
    Latitude
    47.039277

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    FAQs

    What type of property is this?
    Land - 1.64 Acres, High-Traffic Carpenter Rd.
    Where is this land located?
    The property is located at 905 Carpenter Rd Lacey, WA.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: $950,000 asking price.; 1.64-acre vacant commercial land parcel.; Located at 905 Carpenter Rd SE, Lacey, WA 98503.
    Request Owner's contact information
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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
    905 Carpenter Rd Lacey, WA 98503
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