$4,200,000 32,112 SF

4500 3Rd Ave Southeast, Lacey, WA 98503
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The property is a 32,000 sq. ft. office building with visibility, on-site parking, and direct access to Interstate 5. It is located near the city center and the new City Hall. The building was previously used as a call center and includes advanced security systems and a specialized clean agent fire suppression system. The configuration may support uses such as data centers, telecom operations, or network infrastructure hubs, and it has potential for conversion to residential apartments or hotel…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?

$55k

Tax billed · 2024

Assessed value · 2023$5.80M

Assessed land$938k

Assessed improvement$4.86M

Effective rate0.95%

Value estimate

· Nov 2026

$3.47M

$3.12M – $3.82M

CAP approach$4.05M

NOI build-up

Gross scheduled income$691k

Vacancy & credit loss−$135k

Operating expenses−$139k

NOI · 9.92% cap applied$417k

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?

9.92%

$417k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

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: Electrical Service

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Electrical Service12.4

HVAC Service11.5

Auto Parts Store10.5

4500 3Rd Ave Southeast Lacey, WA 98503

County assessor Recorded deeds · 2 transfers Qualifying 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 recorded sales · 16 properties nearby

Address Sale price Sold Size

5300 Lacey SE, Lacey, WA 98503-2446 $2,550,000 Jan 2026 33,416 SF

629 Woodland Sq SE, Olympia, WA 98503-1068 $2,250,000 Jun 2024 34,300 SF

420 Golf Clb SE, Lacey, WA 98503-1048 $2,500,000 Oct 2023 16,860 SF

4529 Intelco SE, Lacey, WA 98503-5941 $1,750,000 Nov 2022 7,475 SF

640 Woodland Sq SE, Lacey, WA 98503-1079 $12,900,000 Feb 2022 85,704 SF

4305 Lacey SE, Lacey, WA 98503-2352 $750,000 Dec 2020 7,241 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$785,000

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$990,000

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CONDOMINIUM OFFICES

5201 Corporate Ctr SE Ct, Lacey, WA 98503-5901

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Value Estimation
$1,015,000

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4510 Intelco SE Loop

PROFESSIONAL BUILDING

4510 Intelco SE Loop, Lacey, WA 98503-6004

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Value Estimation
$520,000

4,640 SF

4508 Intelco SE Loop

PROFESSIONAL BUILDING

4508 Intelco SE Loop, Lacey, WA 98503-5941

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Value Estimation
$785,000

4,043 SF

5205 Corporate Ctr Ct Sea

PROFESSIONAL BUILDING

5205 Corporate Ctr Ct Sea, Olympia, WA 98503-5901

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