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Property profile & analytics
OFF-MARKET
Land

607 Sleater Kinney Rd Lacey, WA 98506

19.55 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 19.55-acre commercial land parcel presents a remarkable development opportunity in Lacey, Washington. Located at 607 Sleater Kinney Rd NE, 98506, this property boasts a highly desirable RM-18 zoning, permitting the construction of multifamily dwellings. The site encompasses two tax parcels (APN: 11817210100, 11817210200) and offers significant potential for a variety of configurations. Extensive pre-development work has already been completed, including a detailed site plan, design review package, and conceptual design review prepared by Thomas Architectural Studios. Comprehensive civil designs are also in place. Furthermore, numerous studies have been conducted, encompassing wetlands, traffic, soils, trees, topography, and geotechnical assessments. The City of Lacey has been supportive of this project, recognizing its potential to contribute to the community. This prime location offers convenient access to I-5, placing it within easy reach of Olympia. Nearby amenities include schools, shopping centers, Safeway, Lowe's, medical facilities, restaurants, and public transportation. The seller is flexible regarding the closing timeline, making this an attractive investment opportunity. The asking price is $5,300,000.

Property profile
Verified
Property type Land
Lot 19.55 ac (851,598 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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