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    5315 57Th St Gig Harbor, WA 98335

    • Office Properties & Spaces
    • 1,736 SF
    • 0.59 lot acres
    For Sale
    View listing
    $1,490,000
    Value Estimation
    Location Intelligence
    Property ID
    US90-0474875
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Vertical Bay / Website Designer / Computer Repair Service
    • Lead Generation / Internet Marketing Service
    • Divine Tattoo / Tattoo Shop
    • Soap & Clay / Health And Beauty Shop / Beauty Product Supplier
    • CM SR22 Insurance Group / Insurance Company

    Property Details for 5315 57Th St

    Year built
    1990
    Construction
    WOOD FRAME
    Lot size
    0.59 lot acres
    Property size
    1,736 SF
    Zone code
    RSR
    Property type
    Office Properties & Spaces
    APN
    221182092
    APU
    221182092

    Description

    This exceptional two-story, 3,872 square foot commercial building in Gig Harbor, Washington, presents a compelling investment opportunity. Located at 5315 57th St NW, 98335, this Class C office building, constructed in 1990 and renovated in 1995, sits on two lots encompassing 33,976 square feet of land. The property boasts over 200 feet of frontage along Wollochet and offers convenient access to Highway 16. The versatile floor plan is currently configured to accommodate one to four tenants, with three spaces currently leased for a combined monthly rent of $5,950. Approximately 750 square feet of space is available for lease at $20 per square foot annually, plus NNN charges. The asking price is $1,490,000, translating to $384.81 per square foot. This property is ideal for owner-users seeking a prominent location or investors looking for a multi-tenant income stream. Ample parking is available. The property's diverse zoning allows for use as creative office, executive office, or medical office space. This is a rare opportunity to acquire a well-located, versatile commercial property in a thriving Gig Harbor market.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gig Harbor
    County
    Pierce
    State
    Washington
    Longitude
    -122.61
    Latitude
    47.3092
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,625
    $115,100
    $346,600
    $461,700
    -
    $115,100
    $346,600
    $461,700

    Comparable in this City

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      3781 Rosedale St

      OFFICE (GENERAL) • 1,908 SF
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      7901 Skansie Ave

      OFFICE (GENERAL) • 15,600 SF
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      3519 56Th Street Ct

      Office space
      3519 56Th Street Ct, Gig Harbor, WA 98335
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      9,840 SF

      2601 Jahn NW Ave

      OFFICE (GENERAL) • 9,840 SF
      2601 Jahn NW Ave, Gig Harbor, WA 98335-8900
      View Details

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    Gig Harbor, WA 98335
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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