Financial
Distress signals
Property profile

5125 Olympic Dr NW Gig Harbor, WA 98335

FOR LEASE
Strip malls
Property ID
US90-0685661
11,576 SF 0.99 ac lot Built 1999
Last sale Dec 2004 · $2,550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
5125 Olympic Dr NW, Gig Harbor, WA 98335 For Lease
Contact for pricing 1,550 SF available
5125 Olympic Dr NW, Gig Harbor, WA 98335
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Property summary

AI-generated overview

This retail space, previously used as a dry cleaner, is configured with an open floor plan and includes a private restroom. The interior area totals approximately 1,550 square feet. The unit is located in Gig Harbor and is suited for retail use based on its street-facing retail exposure.

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?
$29k
Tax billed · 2024
Assessed value$3.47M
Assessed land$1.38M
Assessed improvement$2.10M
Effective rate0.85%

Value estimate

· Sep 2026
$1.05M
$941k – $1.15M
Sales comparison$888k
NOI build-up
Gross scheduled income$22k
Vacancy & credit loss−$3k
Operating expenses−$6k
NOI · 47,989.29% cap applied$13k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$426/SF
County average, outlier-cleaned · 68 recorded sales of this use type
Observed band · Q1–Q3$204 – $702
Qualifying comparables3

Cap rate analysis

How does the asset earn?
47,989.29%
$13k 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: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.4
Garden Center8.7
Dry Cleaner8.6

Location

5125 Olympic Dr NW Gig Harbor, WA 98335
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales 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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