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Property profile & analytics
FOR LEASE
Office buildings

4200 6Th Ave SE Lacey, WA 98503

50,271 SF 1.65 ac lot Built 2001
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US90-0385271
Property summary
AI-generated overview

This exceptional three-story office building, totaling 51,226 square feet, is situated on a 1.65-acre lot (71,874 square feet) in Lacey, Washington. Built in 2001, the Class B property offers multiple tenancies within a single building. The building boasts a generous 2.9 parking spaces per unit, ensuring convenient parking for tenants and visitors. Its strategic location at 4200 6th Ave SE, 98503, provides easy access to a wide array of amenities, including shopping centers, restaurants, medical facilities, and state and local government offices. The property's proximity to the South Sound Puget Sound satellite campus further enhances its appeal. A significant feature is the large, third-floor conference room, available for reservation, complete with a kitchenette, plug-and-play presentation equipment, and expansive panoramic windows. The property is zoned for commercial use and has an APN of 11817421401 in Thurston County. Currently, one office space of 2,183 square feet is available. This presents a unique opportunity for businesses seeking a well-located, functional, and amenity-rich office space in a thriving community.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2001
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 50,271 SF
Lot 1.65 ac (71,874 SF)
APN 1181-74-21401
UPID US90-0385271
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
$10.75M
Comparable Approach Comparable
$10.16M
Blend (final) Blend
$9.26M
Owner & transaction history
Same Investment Co LLC · 10 yrs held
Same Investment Co LLC
since 2015
7 recorded transactions
2015
Price N/A
2010
Price N/A
2004
Price N/A
2001
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $12.7M +24.9%
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More about this property
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