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    5115 Corporate Center Ct Lacey, WA 98503

    Sponsored
    For Sale
    $1,500,000

    $1.5M, Versatile Zoning, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.5 million dollar commercial land parcel presents a unique development opportunity in Lacey, Washington. Located at 5115 Corporate Center Ct SE, 98503, this property boasts a highly desirable CO zoning designation, offering a wide range of permitted uses. These include multifamily residential, office spaces (administrative facilities, research institutions, professional/medical offices), specialized manufacturing, limited retail, and commercial recreation. The strategic location provides easy access to essential amenities, including Lowe's, Safeway, various fast-food restaurants, and other local businesses. The property's infrastructure is well-established, with readily available utilities including water lines already running through the site. The Thurston County location and convenient access to nearby commercial centers make this a highly attractive investment for developers seeking a versatile and well-situated property. The APN is 58050000400. This prime piece of real estate offers significant potential for a variety of development projects, capitalizing on its strategic location and flexible zoning regulations. The property's proximity to established businesses and its readily accessible utilities further enhance its appeal. This is an exceptional opportunity to acquire a valuable asset in a thriving commercial area.

    Property Features for 5115 Corporate Center Ct

    General Information

    Property type
    Land

    HighLights

    • $1,500,000 asking price.
    • Commercial land in Lacey, WA.
    • CO zoning permits multifamily residential, office, limited retail, and commercial recreation uses.
    • Located near major retailers and amenities.
    • Utilities available at the street; water lines on property.
    • APN: 58050000400.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lacey
    County
    Thurston
    State
    Washington
    Longitude
    -122.825347
    Latitude
    47.001963

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    FAQs

    What type of property is this?
    Land - $1.5M, Versatile Zoning, Excellent Location
    Where is this land located?
    The property is located at 5115 Corporate Center Ct Lacey, WA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; Commercial land in Lacey, WA.; CO zoning permits multifamily residential, office, limited retail, and commercial recreation uses.
    (360) 688-8333
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    5115 Corporate Center Ct Lacey, WA 98503
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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
    5115 Corporate Center Ct Lacey, WA 98503
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