Financial
Distress signals
Property profile

2621 Hogum Bay Rd Lacey, WA 98516

FOR LEASE
Other office properties
Property ID
US90-2257770
12.24 ac lot Built 2021
Last sale Dec 2019 · $4,388,279
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a warehouse facility totaling 93,492 square feet, including 3,107 square feet of office space. Warehouse clear height is 32 feet. Loading and access features include 26 dock doors (including 7 dock positions configured as dock packages) and 2 drive-in doors. The site provides 18 trailer stalls within a fenced, secure area dedicated to the space. The facility is located approximately half a mile from I-5 and offers parking and transit accessibility in the surrounding area.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$307k
Tax billed · 2023
Assessed value · 2022$32.36M
Assessed land$2.54M
Assessed improvement$29.82M
Effective rate0.95%

Value estimate

· Sep 2026
$335k
$302k – $369k
AI approach$335k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$253/SF
Submarket average, outlier-cleaned · 63 recorded sales of this use type
Observed band · Q1–Q3$125 – $425

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTHURSTON

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop8.9
Catering Service8.3
Butcher8.2

Location

2621 Hogum Bay Rd Lacey, WA 98516
County assessor Recorded deeds · 7 transfers Comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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