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Property profile

23940 State Route 3 Belfair, WA 98528

OFF-MARKET
Retail properties & Spaces
17,350 SF
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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

Location

23940 State Route 3 Belfair, WA 98528
Belfair metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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