607 Sleater Kinney Rd Lacey, WA 98506
This exceptional 19.55-acre parcel presents a prime multifamily development opportunity in Lacey, Washington. Strategically located on Sleater Kinney Rd NE, this land boasts unparalleled visibility and accessibility. Its position directly across from North Thurston High School offers a unique advantage, attracting families and students. The property's proximity to Interstate 5 ensures seamless connectivity to major transportation routes, facilitating easy commutes for residents. Furthermore, the convenient location near shopping centers and other amenities enhances the desirability of the site for future development. The expansive acreage provides ample space for a substantial multifamily project, catering to the growing housing demand in the area. This location offers a blend of convenience, visibility, and access to key infrastructure, making it an ideal investment for developers seeking a high-potential project in a thriving community. The Thurston County location and 98506 zip code further solidify its appeal within the Lacey market. This is a rare opportunity to acquire a large, well-situated parcel ready for multifamily development. Detailed site plans and zoning information are available upon request. The property's size and location make it a compelling investment for those seeking significant returns in the Washington real estate market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.