Financial
Distress signals
Property profile

5122 Olympic Dr NW Gig Harbor, WA 98335

FOR LEASE
Medical Office Space
Property ID
US90-0822653
14,016 SF 0.72 ac lot Built 1984
Last sale Sep 2015 · $4,999,719
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 1,176-square-foot commercial suite located on Olympic Drive in Gig Harbor, providing immediate access to Highway 16 and near the Tacoma Narrows Bridge. The interior is configured for medical use with a reception area and waiting room, three private exam rooms, an X-ray room, and a dedicated staff area. It was originally designed for an endodontic practice and is suited for a range of medical or dental uses. The suite is situated within a mixed commercial area that includes established businesses and nearby retail, dining, and professional services.

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?
$23k
Tax billed · 2024
Assessed value$2.77M
Assessed land$801k
Assessed improvement$1.96M
Effective rate0.85%

Value estimate

· Sep 2026
$1.83M
$1.64M – $2.01M
NOI build-up
Gross scheduled income$26k
Vacancy & credit loss−$4k
Operating expenses−$6k
NOI · 59,489.29% cap applied$17k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$275/SF
County average, outlier-cleaned · 79 recorded sales of this use type
Observed band · Q1–Q3$173 – $395

Cap rate analysis

How does the asset earn?
59,489.29%
$17k 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?
B-2
Joint use of required parking spaces for the downtown business (DB), waterfront commercial (WC), general business (B-2), commercial (C-1)...
General categoryCOMMERCIAL
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center9.6
Parking Facility10.1
Car Rental7.3

Location

5122 Olympic Dr NW Gig Harbor, WA 98335
County assessor Recorded deeds · 4 transfers Comp sales · not on file Zoning catalog

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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