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Financial
Distress signals
Property profile

5401 32Nd Ave NW Gig Harbor, WA 98335

FOR LEASE
Other office properties
Property ID
US90-0353058
25,292 SF 1.44 ac lot Built 2008
Last sale Jul 2011 · $2,124,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This commercial property contains office space within a professional business park setting and is zoned B-2. The site has convenient access, located approximately a 3-minute drive to a full interchange on Highway 16, and provides on-site parking at a stated ratio of 1 space per 300 square feet. The office space is approximately 2,528 square feet and includes areas designed to receive abundant natural light. The building is configured to support a net (NNN) expense structure, with NNN costs estimated at $6.75 per square foot for 2025.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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.

Debts

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?
$58k
Tax billed · 2024
Assessed value$6.86M
Assessed land$1.13M
Assessed improvement$5.73M
Effective rate0.85%

Value estimate

· Oct 2026
$4.46M
$4.01M – $4.90M
CAP approach$4.63M
Submarket $/SF estimate$3.61M
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$7k
Operating expenses−$14k
NOI · 128,680.00% cap applied$32k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$323/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$167 – $490

Cap rate analysis

How does the asset earn?
128,680.00%
$32k 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 Store14.6
Storage Facility12.7
Garden Center11.8

Location

5401 32Nd Ave NW Gig Harbor, WA 98335
County assessor Recorded deeds · 6 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6712 Kimball, Gig Harbor, WA 98335-1212 $2,335,000 Mar 2025 7,558 SF
1105 Porter, Gig Harbor, WA 98335 $1,761,000 Oct 2023 6,973 SF
3413 56th, Gig Harbor, WA 98335-8341 $1,850,000 Dec 2022 5,510 SF
6565 Kimball, Gig Harbor, WA 98335-1200 $3,850,000 Nov 2022 25,992 SF
7282 Stinson, Gig Harbor, WA 98335-4930 $1,500,000 Jun 2021 9,216 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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