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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

23940 State Route 3 Belfair, WA 98528

17,350 SF
Property ID
Property summary
AI-generated overview

This exceptional 17,350 square foot free-standing retail building, ideally situated in Belfair, Washington, presents a unique investment opportunity. Currently configured as a pharmacy/drug store, this property boasts a highly visible location on a lighted intersection off State Route 3, ensuring excellent exposure to a substantial customer base. The building features a convenient drive-thru for added customer convenience. Ample parking is provided with 63 easily accessible stalls, offering convenient ingress and egress for patrons. The property benefits from its strategic placement across from a Safeway grocery store, ensuring high foot traffic and visibility within a thriving retail corridor. Belfair itself offers a blend of small-town charm and access to outdoor recreation, located just 30 miles northwest of Tacoma. The community enjoys a diverse economy encompassing retail, healthcare, and construction, with a growing presence of professional and technical services. This property is surrounded by established neighborhoods experiencing population growth, making it an attractive investment for long-term stability and potential appreciation. The building's size and features make it suitable for a variety of retail uses, offering flexibility for future tenants or owners.

Property profile
Verified
Property type Retail properties & Spaces
Total area 17,350 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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