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    Property profile & analytics
    OFF-MARKET Estimated value $870,000
    Commercial land

    4004 Pacific SE Ave, Lacey, WA 98503-1111

    5,400 SF 0.67 ac lot Built 1960
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US90-1536312
    Property summary
    AI-generated overview

    This exceptional 29,380 square foot retail property, located at 4004 Pacific Ave SE in Lacey, Washington, presents a unique investment opportunity. The property boasts a single-tenant occupancy and sits on a 29,380 square foot lot (APN 1, Thurston County). Its prime location offers unparalleled visibility and accessibility. Situated in a highly desirable retail area, the property benefits from a significant daily traffic volume of 65,000 vehicles. This strategic location provides direct access to Interstate 5 and the Sleater-Kinney interchange, ensuring high traffic flow and excellent exposure for any business. The property offers four convenient points of access via Pacific Avenue, Sleater-Kinney Road, and 8th Street, maximizing convenience for customers and employees. The entire 29,380 square feet of space is currently vacant, providing a blank canvas for a new tenant or a redevelopment project. The zip code is 98503. This property is an ideal choice for businesses seeking a high-traffic location with excellent visibility and accessibility in a thriving retail market. The property's size and location make it suitable for a variety of retail uses. This is a rare opportunity to acquire a significant retail space in a highly desirable location.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1960
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 5,400 SF
    Lot 0.67 ac (29,185 SF)
    APN 6510-33-00900
    UPID US90-1536312
    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
    $1.08M
    CAP Approach CAP
    $680k
    Comparable Approach Comparable
    $645k
    Blend (final) Blend
    $870k
    Owner & transaction history
    Maj Lacey LLC · 5 yrs held
    Maj Lacey LLC
    since 2020
    Last sale
    $885,000
    6 recorded transactions
    2023
    2021
    2020
    2020
    $884,719
    2020
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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