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    700 Sleater Kinney Rd SE Lacey, WA 98503

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    700 Sleater Kinney Rd SE Lacey, WA 98503

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    • Retail space
    • 11,800 SF
    • 19.54 lot acres
    For Lease
    $30 SF/Yr
    View Listing →
    Retail Space in Lacey Center For Lease
    $30 SF/Yr
    1,979 SF

    Retail Space in Lacey Center

    Retail space available in well-maintained Lacey shopping center.

    700 Sleater Kinney Rd SE, Lacey, WA
    View Listing
    Property ID
    US90-1037526
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,870,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 700 Sleater Kinney Rd SE

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    19.54 lot acres
    Property size
    11,800 SF
    Property type
    Retail space
    APN
    6103-00-00100
    APU
    61030000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,180,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,375,000
      6.5%
      $2,190,000
      7%
      $2,035,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,232,000
      Market price range: $661k - $2.23M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lacey
    County
    Thurston
    State
    Washington
    Longitude
    -122.831
    Latitude
    47.0406
    CBSA code
    36500
    CBSA name
    OLYMPIA, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $487,145
    $11,980,200
    $39,307,100
    $51,287,300
    -
    $11,980,200
    $39,307,100
    $51,287,300

    Comparable in this City

    • Value Estimation
      $735,000
      4,464 SF

      1000 Homann SE Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,464 SF
      1000 Homann SE Dr, Lacey, WA 98503
      View Details
    • Value Estimation
      $1,015,000
      6,824 SF

      705 Sleater Kinney SE Rd, Unit 711

      RETAIL STORES (PERSONAL SERVICES) • 6,824 SF
      705 Sleater Kinney SE Rd, Lacey, WA 98503-1124
      View Details
    • Value Estimation
      $570,000
      4,260 SF

      7441 Pacific SE Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,260 SF
      7441 Pacific SE Ave, Olympia, WA 98503-6707
      View Details
    • Value Estimation by Request
      1,620 SF

      3813 Pacific SE Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,620 SF
      3813 Pacific SE Ave, Lacey, WA 98503-1106
      View Details
    • Value Estimation by Request
      2,448 SF

      4509 Lacey SE Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,448 SF
      4509 Lacey SE Blvd, Lacey, WA 98503-5718
      View Details
    • Value Estimation by Request
      1,587 SF

      4017 8th SE Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,587 SF
      4017 8th SE Ave, Lacey, WA 98503-1102
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      NNN Leased Investment Opportunity

      Multi-tenant property with long-term leases in Lacey, WA.
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      Iconic Lacey Commercial Property

      Three buildings with residential and commercial units on high-traffic corner.
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      Retail Investment Opportunity in Lacey

      Value-add retail investment opportunity anchored by Trader Joe’s.
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      19,262 SF

      Gerber Collision Lacey Investment Opportunity

      Leased auto repair facility with long-term tenant and rent increases.
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      Lacey Mixed-Use Commercial Property

      Three buildings with income potential in high-traffic location.
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    • $5,200,000

      Retail Property in Lacey, WA

      Retail property available for sale in Lacey, Washington.
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    Similar Nearby for Lease

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      1,580 SF

      Clearbrook Business Park Flex Space

      Flexible office, retail, and warehouse space available for rent.
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      2,075 SF

      Clearbrook Business Park Flex Space

      Flexible office, retail, and warehouse space available for rent.
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      1,742 SF

      Retail Space on Yelm Highway

      Retail space available for lease on Yelm Highway.
      5110-5128 Yelm Hwy SE, Lacey, WA 98503
      View Details
    • $30 SF/Yr
      1,979 SF

      Retail Space in Lacey Center

      Retail space available in well-maintained Lacey shopping center.
      700 Sleater Kinney Rd SE, Lacey, WA 98503
      View Details
    • Contact for pricing
      4,300 SF

      Retail Space with Multiple Offices

      Former Edward Jones space available for lease in Lacey, WA.
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    • Contact for pricing
      6,000 SF

      Retail Space in Lacey Center

      Retail space available in Lacey, Washington shopping center.
      1102 College St SE, Lacey, WA 98503
      View Details
    View Listing
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    700 Sleater Kinney Rd SE
    Lacey, WA 98503
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    700 Sleater Kinney Rd SE, Lacey, WA, 98503

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