4909 Lacey SE Blvd Lacey, WA 98503-5726
Property profile & analytics
4909 Lacey SE Blvd Lacey, WA 98503-5726
- Office buildings
- 1,668 SF
- 0.31 lot acres
Property ID
US90-0940978
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 4909 Lacey SE Blvd
- Year built
- 1950
- Construction
- WOOD FRAME
- Lot size
- 0.31 lot acres
- Property size
- 1,668 SF
- Property type
- Office buildings
- APN
- 1182-12-33100
- APU
- 11821233100
Description
This exceptional retail investment opportunity presents a 5,957 square foot, triple-net (NNN) leased property located at 4909 Lacey Blvd SE, Lacey, WA 98503. The property boasts a strong 5.20% cap rate and a Net Operating Income (NOI) of $182,539, based on a $3,520,000 asking price. Currently 100% occupied by three tenants, including United Pacific (Apro LLC, with 450+ locations), Milan Beauty Salon, and Liberty Tax, all under NNN leases providing a hedge against rising operating expenses. The leases include annual rent increases (United Pacific 2.5%/year, Milan Beauty Salon $50/month/year, Liberty Tax $100/month/year), and two tenants currently operate below market rates, offering significant upside potential. The property sits on a 0.80-acre lot, strategically positioned on a high-traffic corner with visibility to over 30,000 vehicles per day, ranking in the top 25% for gas station/convenience store visits in Washington State. Recent renovations include parking lot resurfacing and restriping, HVAC upgrades, exterior painting, and façade improvements. The property also benefits from a strong corporate guarantee from United Pacific and an attractive assumable financing option with a fixed interest rate of 4.59% until June 2032. The location is within a rapidly growing area, with Lacey's population increasing by over 35% since 2010 and projected to grow another 5% in the next five years, and average household incomes exceeding $96,000 within a 5-mile radius. The Liberty Tax lease includes a landlord termination right, allowing for potential expansion at the end of the current lease terms. There is no deferred maintenance. This is a prime opportunity for investors seeking a stable, high-performing asset in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $3,965,000
- ML approach
- $3,785,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lacey
- County
- Thurston
- State
- Washington
- Longitude
- -122.819
- Latitude
- 47.0345
- CBSA code
- 36500
- CBSA name
- OLYMPIA, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,548
$174,400
$198,100
$372,500
-
$174,400
$198,100
$372,500
