Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1107 College St SE Lacey, WA 98503
    Back to Search
    Property profile & analytics

    1107 College St SE, Lacey, WA 98503

    View on Map
    • Retail space
    • 9,360 SF
    • 1.01 lot acres
    For Sale
    $3,300,000
    View Listing →
    Lacey Retail Center For Sale For Sale
    $3,300,000
    9,360 SF

    Lacey Retail Center For Sale

    Fully leased retail center in Lacey, WA for sale.

    1107 College St SE, Lacey, WA
    View Listing
    Property ID
    US90-1261491
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1107 College St SE

    Year built
    1982
    Construction
    WOOD FRAME
    Lot size
    1.01 lot acres
    Property type
    Retail space
    APN
    1182-01-10200
    APU
    11820110200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 4, 2018 — Hwang Family Investments LLC Hwang,andy & Lenny + Quit Claim Deed · related $243k · Mr Cooper
    Mar 22, 2013 — Andy Hwang Hwang Byung K Quit Claim Deed · related —
    Oct 22, 1998 — Teriy Aki Happy Hwang,byung K& Jin B Quit Claim Deed · related —
    May 11, 1992 $725,000 Byung K Hwang Unknown Grant Deed —
    — — Happy Teriyaki III INC — Deed Of Trust · related $483k · Pacific International Bank
    — — Byung K Hwang — Deed Of Trust · related $598k · Individual

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,885,000
      6.5%
      $1,740,000
      7%
      $1,615,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lacey
    County
    Thurston
    State
    Washington
    Longitude
    -122.824
    Latitude
    47.0379
    CBSA code
    36500
    CBSA name
    OLYMPIA, 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
    2023
    $22,182
    $880,000
    $1,454,400
    $2,334,400
    -
    $880,000
    $1,454,400
    $2,334,400

    Comparable in this City

    • Value Estimation
      $2,050,000
      10,296 SF

      845 Marvin SE Rd

      RETAIL STORES (PERSONAL SERVICES)
      845 Marvin SE Rd, Olympia, WA 98503-6104
      View Details
    • Value Estimation by Request
      3,092 SF

      4740 Avery SE Ln

      RETAIL STORES (PERSONAL SERVICES)
      4740 Avery SE Ln, Lacey, WA 98503-5603
      View Details
    • Value Estimation
      $1,290,000
      8,350 SF

      805 College SE St

      RETAIL STORES (PERSONAL SERVICES)
      805 College SE St, Lacey, WA 98503-1277
      View Details
    • Value Estimation
      $1,050,000
      8,008 SF

      4331 Lacey SE Blvd

      RETAIL STORES (PERSONAL SERVICES)
      4331 Lacey SE Blvd, Lacey, WA 98503-2352
      View Details
    • Value Estimation
      $6,650,000
      4,803 SF

      4044 Pacific SE Ave

      RETAIL STORES (PERSONAL SERVICES)
      4044 Pacific SE Ave, Lacey, WA 98503-1111
      View Details
    • Value Estimation
      $1,125,000
      7,000 SF

      4230 Pacific SE Ave

      RETAIL STORES (PERSONAL SERVICES)
      4230 Pacific SE Ave, Lacey, WA 98503-1115
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Iconic Lacey Commercial Property

      Three buildings with residential and commercial units on high-traffic corner.
      4221 Pacific Ave Se, Lacey, WA 98503
      View Details
    • Contact for pricing

      NNN Leased Investment Opportunity

      Multi-tenant property with long-term leases in Lacey, WA.
      4018 Pacific Ave SE, Lacey, WA 98503
      View Details
    • Contact for pricing
      381,406 SF

      Retail Investment Opportunity in Lacey

      Value-add retail investment opportunity anchored by Trader Joe’s.
      711 Sleater Kinney Rd SE, Lacey, WA 98503
      View Details
    • Contact for pricing
      19,262 SF

      Gerber Collision Lacey Investment Opportunity

      Leased auto repair facility with long-term tenant and rent increases.
      1124 Carpenter Rd SE, Lacey, WA 98503
      View Details
    • Contact for pricing

      Retail Property in Lacey, WA

      Retail property available for sale in Lacey, Washington.
      6020 Pacific Ave SE, Lacey, WA 98503
      View Details
    • Contact for pricing

      Lacey Mixed-Use Commercial Property

      Three buildings with income potential in high-traffic location.
      4221 Pacific Ave SE, Lacey, WA 98503
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,743 SF

      New Retail Space Available

      New construction retail space at high-traffic intersection, ready for occupancy.
      4047 Pacific Ave SE, Lacey, WA 98503
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space in Lacey Center

      Retail space available in Lacey, Washington shopping center.
      1102 College St SE, Lacey, WA 98503
      View Details
    • Contact for pricing
      1,580 SF

      Clearbrook Business Park Flex Space

      Flexible office, retail, and warehouse space available for rent.
      5709 Lacey Blvd SE, Lacey, WA 98503
      View Details
    • Contact for pricing
      4,300 SF

      Retail Space with Multiple Offices

      Former Edward Jones space available for lease in Lacey, WA.
      4710-4820 Yelm Hwy SE, Lacey, WA 98503
      View Details
    • Contact for pricing
      1,910 SF

      Retail Space on Yelm Highway

      Retail space available for lease on Yelm Highway.
      5110-5128 Yelm Hwy SE, Lacey, WA 98503
      View Details
    • $28 SF/Yr
      1,638 SF

      Retail Space on College Street

      Retail spaces available on high-traffic College Street near St. Martin's.
      805 College St SE, Lacey, WA 98503
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1107 College St SE
    Lacey, WA 98503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1107 College St SE, Lacey, WA, 98503
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!