23940 State Route 3 Belfair, WA 98528
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.
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
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.