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Property profile & analytics
FOR LEASE
Office Spaces
6625 Wagner Way NW, Gig Harbor, WA 98335
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US90-0510489
For Lease
1 / 2
$3,225,000
6625 Wagner Way NW, Gig Harbor, WA 98335
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Property summary
AI-generated overview
This exceptional Class A office space, located at 6625 Wagner Way NW in Gig Harbor, Washington, 98335, offers flexible lease options within the prestigious Gig Harbor Professional Center. Situated conveniently off Highway 16, this location provides easy access for clients and employees. The property features multiple tenancy options, allowing for businesses of various sizes to find a suitable space. Units are available in sizes ranging from a minimum of 179 square feet to a maximum contiguous space of 3,171 square feet. This allows for scalability and adaptability to meet the evolving needs of your business. The building is classified as Class A, indicating high-quality construction, modern amenities, and a professional atmosphere. Pierce County location provides access to a thriving business community and a strong workforce. Virtual tours are available for select suites to allow for convenient pre-viewing. Suite 260F can be viewed at [link removed for brevity] and Suite 300 at [link removed for brevity]. Inquire today to learn more about leasing opportunities and secure your ideal office space in this prime Gig Harbor location.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2003
Construction
WOOD FRAME
Total area
16,580 SF
Lot
3.06 ac (133,337 SF)
Zoning code
RB-2
APN
4002010050
UPID
US90-0510489
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Watts Constructors | Washington Construction Company
-
Actual Chiropractic Alternative Medicine Practice
-
Edward Jones - Financial Advisor: Joe Urvina, AAMS® Financial Advisor
-
Bryce Brown Alternative Medicine Practice
-
Light in Balance Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.03M
Comparable Approach
Comparable
$2.76M
Blend (final)
Blend
$3.23M
Owner & transaction history
Gig Harbor Financial Center Ll · 22 yrs held
Gig Harbor Financial Center Ll
since 2004
7 recorded transactions
Zoning & alternative use
RB-2 · Gig Harbor, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gig Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gig Harbor submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,285,000
6.5%
$3,030,000
7%
$2,815,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,355,000
Current use
RETAIL STORES
$5,075,000
Change: -5% · Conversion: Easy
WAREHOUSE, STORAGE
$4,945,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$4,550,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.23M
Range $2.90M – $3.55M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$195 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$44,398
Tax year 2024
Assessed value
$5,240,400
Assessed 2024
Previous assessed
$5,240,400
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,011,100
Assessed improvement
$4,229,300
Land market value
$1,011,100
Improvement market value
$4,229,300
Total market value
$5,240,400
Applied tax rate
75.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2003
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
AC.PACKAGE
Stories
2
Total area
16,580 SF
Lot
3.06 ac (133,337 SF)
Zoning code
RB-2
APN
4002010050
UPID
US90-0510489
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RB-2 · Gig Harbor, WA
Zoning RB-2 · permitted uses
RB-2 · Gig Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gig Harbor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.4M
RETAIL STORES
Est. value
$5.1M
WAREHOUSE, STORAGE
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$4.6M
COMMERCIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
WOOD FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
3.06 ac
Current owner
From public records · entity-resolved
Gig Harbor Financial Center Ll
Individual
Mailing address
6622 WOLLOCHET DR, GIG HARBOR, WA 98335-8325
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2019
—
Gig Harbor Finl Ctr LLC
—
Deed
related
$2,200,000 · Boeing Emps Cu
Apr 8, 2004
—
Gig Harbor Financial Center Ll
Talmo INC
Quit Claim Deed
related
—
Jun 11, 2002
—
Talmo INC
—
Trustees Deed
related
$2,100,000 · Kitsap Bank
—
—
Gig Harbor Financial Center Ll
—
Deed Of Trust
related
$587,500 · Twinstar Cu
—
—
Gig Harbor Finl Ctr LLC
—
Deed Of Trust
related
$2,200,000 · Boeing Emps Cu
—
—
Gig Harbor Financial Center Ll
—
Deed Of Trust
related
$2,000,000 · Twinstar Cu
—
—
Talmo INC
—
Deed Of Trust
related
$350,000 · Kitsap Bank
—
—
Gig Harbor Financial Ctr LLC
—
Deed Of Trust
related
$3,562,500 · Frontier Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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