Financial
Distress signals
Property profile

4500 3Rd Ave Southeast Lacey, WA 98503

FOR SALE
Other office properties
Property ID
US90-1663919
32,112 SF 1.86 ac lot Built 1978
Last sale Nov 2017 · $2,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

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?

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 · 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

· Sep 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

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: 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

Location

4500 3Rd Ave Southeast Lacey, WA 98503
County assessor Recorded deeds · 1 transfer 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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