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    8230 Martin Way Lacey, WA 98516

    Sponsored
    For Lease
    $28 SF/Yr

    High-Visibility Retail Building, 15,698 SF

    Lot size:
    15,698 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 8230 Martin Way E in Lacey, Washington, presents a unique investment opportunity. The former Rite Aid building boasts a substantial 15,698 square feet of space, situated on a generous 1.89 acres of land in Thurston County. Its prime location within the Hawks Prairie area of Lacey ensures high visibility and excellent accessibility for customers. The property benefits from ample parking, a significant advantage for retail operations, and a convenient drive-through feature, further enhancing its appeal and functionality. The single-tenant configuration offers simplicity and potential for a variety of retail uses. The building's size and features make it suitable for a wide range of businesses seeking a prominent presence in a thriving commercial area. The property's address is 8230 Martin Way E, Lacey, WA 98516. This location offers exceptional visibility and convenient access for customers, making it an ideal space for a business seeking to establish a strong presence in the Lacey market. The property's size and features make it a compelling opportunity for businesses seeking a high-traffic location with ample parking and a drive-through. The property is classified as retail, with a single-tenant occupancy. The zip code is 98516.

    Property Features for 8230 Martin Way

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,698 SF
    Total Rate
    36628.67

    Unit(s) available at that property

    Space
    Size
    15,698 SF
    Rate per SF
    $28

    HighLights

    • 15,698 SF retail building on 1.89 acres in Lacey, WA.
    • Located at 8230 Martin Way E, in the high‑visibility Hawks Prairie area.
    • Ample parking and a drive‑through available.
    • Single‑tenant occupancy, suitable for various retail uses.
    • Zip code 98516.
    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
    -122.7660113
    Latitude
    47.0571307

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    FAQs

    What type of property is this?
    Retail property - High-Visibility Retail Building, 15,698 SF
    Where is this retail property located?
    The property is located at 8230 Martin Way Lacey, WA.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 15,698 SF retail building on 1.89 acres in Lacey, WA.; Located at 8230 Martin Way E, in the high-visibility Hawks Prairie area.; Ample parking and a drive-through available.
    Request Owner's contact information
    8230 Martin Way Lacey, WA 98516
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    Lacey, WA 98516
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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
    8230 Martin Way Lacey, WA 98516
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