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Property profile & analytics
FOR LEASE
Retail space

210 Wilkes St Steilacoom, WA 98388

15,976 SF 0.72 ac lot Built 1962
Entity Owned 23-yr Hold ~ Est. High Equity
Property ID
US90-1143095
210 Wilkes St, Steilacoom, WA 98388 For Lease
$2,105,000 1,779 SF available
210 Wilkes St, Steilacoom, WA 98388
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Property summary
AI-generated overview

This exceptional commercial property, the Steilacoom Center, offers 2,650 square feet of versatile office space in a prime location. Situated at 210 Wilkes St, Steilacoom, WA 98388, this Class B building boasts breathtaking bay views. Built in 1962 and renovated in 1995, the two-story structure sits on a 31,415 square foot lot and is zoned for General Commercial use within the City of Steilacoom, Pierce County. The entire 2,650 square feet is currently vacant and available for lease, with a minimum divisible space of 1,270 square feet. The property features multiple tenancy options, allowing for flexibility in leasing arrangements. Individual offices, or the entire space, can be leased to suit your needs. Conveniently located next to the US Post Office, and within walking distance of the Anderson Island Ferry, a farmers market, restaurants, and Pioneer Orchard Park, this property offers unparalleled convenience and accessibility. While there are no elevators, the building's two stories provide ample space for various business configurations. This is a unique opportunity to establish your business in the heart of historic Steilacoom.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1962
Construction WOOD FRAME
Total area 15,976 SF
Lot 0.72 ac (31,415 SF)
Zoning code COMMERCIAL
APN 2305002320
UPID US90-1143095
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
AI Approach AI
by Request
CAP Approach CAP
$2.13M
Comparable Approach Comparable
$1.96M
Blend (final) Blend
$2.11M
Owner & transaction history
Sunray LLC · 23 yrs held
Sunray LLC
since 2003
7 recorded transactions
2015
Price N/A
2003
$737,304
2003
Price N/A
1999
Price N/A
1999
Price N/A
1991
$725,000
1969
Price N/A
Zoning & alternative use
COMMERCIAL · Steilacoom, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Title 18 Zoning
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