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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). 11-yr Hold Held for 11 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?

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

Value estimate

· Oct 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: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store13.9
Storage Facility12.2
Wholesale Shop11.0

Location

5122 Olympic Dr NW Gig Harbor, WA 98335
County assessor Recorded deeds · 4 transfers Qualifying 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 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2909 M, Gig Harbor, WA 98335 $725,000 May 2024 3,336 SF
6565 Kimball, Gig Harbor, WA 98335-1200 $3,850,000 Nov 2022 25,992 SF
5606 Soundview, Gig Harbor, WA 98335-2040 $600,000 Jul 2022 2,686 SF
7201 Pioneer Wayb, Gig Harbor, WA 98335-1161 $1,175,000 Jul 2021 3,688 SF
3604 56th, Gig Harbor, WA 98335-8240 $950,000 Nov 2020 2,060 SF
5501 Soundview, Gig Harbor, WA 98335-2448 $900,000 Feb 2020 3,579 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
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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