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    Property profile & analytics

    1515 Marvin NE Rd Lacey, WA 98516-3876

    • Retail space
    • 161,184 SF
    • 15.37 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 14, 2025
    Location Intelligence
    Property ID
    US90-1478522
    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

    • Retail space

    Property Details for 1515 Marvin NE Rd

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    15.37 lot acres
    Property size
    161,184 SF
    Property type
    Retail space
    APN
    5286-00-00100
    APU
    52860000100

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lacey
    County
    Thurston
    State
    Washington
    Longitude
    -122.766
    Latitude
    47.0592
    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
    $311,082
    $8,887,100
    $23,863,600
    $32,750,700
    -
    $8,887,100
    $23,863,600
    $32,750,700

    Comparable in this City

    • Value Estimation by Request
      14,728 SF

      1145 Galaxy NE Dr

      RETAIL STORES (PERSONAL SERVICES) • 14,728 SF
      1145 Galaxy NE Dr, Lacey, WA 98516-4762
      View Details
    • Value Estimation by Request
      9,600 SF

      7103 Martin E Way

      RETAIL STORES (PERSONAL SERVICES) • 9,600 SF
      7103 Martin E Way, Olympia, WA 98516
      View Details
    • Value Estimation by Request
      6,000 SF

      7127 Martin E Way

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      7127 Martin E Way, Olympia, WA 98516-5535
      View Details
    • Value Estimation by Request
      12,000 SF

      7914 Martin E Way

      RETAIL STORES (PERSONAL SERVICES) • 12,000 SF
      7914 Martin E Way, Lacey, WA 98516-5728
      View Details
    • Value Estimation by Request
      93,437 SF

      1200 Marvin NE Rd

      RETAIL STORES (PERSONAL SERVICES) • 93,437 SF
      1200 Marvin NE Rd, Lacey, WA 98516-3800
      View Details
    • Value Estimation
      $575,000
      2,280 SF

      8765 Tallon Ln Ne N Ste

      RETAIL STORES (PERSONAL SERVICES) • 2,280 SF
      8765 Tallon Ln Ne N Ste, Lacey, WA 98516-6654
      View Details

    Similar Nearby for Sale

    • $5,100,000
      18,300 SF

      Lacey Investment Opportunity For Sale

      Fully leased office/retail/flex buildings in Hawks Prairie area.
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    • $7,000,000
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      Retail Space in Martin Village

      57,265 SF retail space available for lease or sale.
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    • $3,300,000
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      Lacey Retail Center For Sale

      Fully leased retail center in Lacey, WA for sale.
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    • $2,025,000

      Land For Sale

      Land available for sale at 8501 Martin Way E, Lacey, WA.
      8501 Martin Way E, Lacey, WA 98516
      View Details
    • $107,000
      1,536 SF

      Alonda Villa 55+ Community Home

      Two-bedroom home in a 55+ community with recent upgrades.
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      Land For Sale Lacey, WA

      Land available for purchase in Lacey, Washington.
      3201 College St SE, Lacey, WA 98516
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    Similar Nearby for Lease

    • $21 SF/Yr
      1,530 SF

      Retail Space in Lacey Core

      Retail space available in Lacey's retail core.
      8205 Martin Way E, Lacey, WA 98516
      View Details
    • $25 SF/Yr
      10,888 SF

      New Construction Retail/Office Space

      New construction retail or office space with flexible floorplates.
      8845 Tallon Ln NE, Lacey, WA 98516
      View Details
    • $18 SF/Yr
      1,000 SF

      End-Cap Office or Retail Space

      Light and bright office or retail spaces in mixed-use property.
      9333 Martin Way E, Lacey, WA 98516
      View Details
    • $26 SF/Yr
      5,250 SF

      Retail Space Near High-Traffic Area

      Retail space available on Martin Way with high traffic counts.
      7326 Martin Way E, Olympia, WA 98516
      View Details
    • $42 SF/Yr
      1,209 SF

      Retail Space in Lacey Corridor

      New retail space in Lacey's premier shopping center.
      1200 Galaxy Dr, Lacey, WA 98516
      View Details
    • Contact for pricing
      1,344 SF

      Retail Spaces Near Restaurants

      Retail spaces available in high-traffic Lacey location.
      2555 Hogum Bay Rd NE, Lacey, WA 98516
      View Details
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    1515 Marvin NE Rd
    Lacey, WA 98516-3876
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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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