Property profile

7116 Stinson Ave Gig Harbor, WA 98335

OFF-MARKET
Office Spaces
Property ID
US90-0895136
3,216 SF 0.71 ac lot Built 1968
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property at 7116 Stinson Ave in Gig Harbor, WA 98335, offers a variety of executive office and retail spaces for lease. The building totals 2,341 square feet and is currently fully vacant, presenting a unique opportunity for immediate occupancy. Multiple suites are available, ranging from a minimum of 533 square feet to a maximum contiguous space of 1,012 square feet. Suite 205, a 1,012 square foot space, boasts an open floor plan, a break room, restroom, two private offices, and recently updated carpet and paint. Suite 207 offers 796 square feet with one private office and a restroom. Suite 208 provides an open floor plan with a restroom. All available spaces are located on the second floor. The property is conveniently located near SR-16 in downtown Gig Harbor and benefits from ample parking and excellent signage. This professional office and retail center is home to established businesses such as Moore Chiropractic, Sunrise Dental, Fraley Insurance, Critter Clippers, and Fox & Vixen Salon. The asking rate is $16.00 per square foot per year, plus NNN charges. Tenants are responsible for separately metered power. Cross-access parking is readily available.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1968
Construction WOOD FRAME
Total area 3,216 SF
Lot 0.71 ac (30,725 SF)
Zoning code B-2
APN 221074074
UPID US90-0895136

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Insurance Agency
  • Physician
  • Vocational School Training Center
  • Loan Service Bank

Location

7116 Stinson Ave Gig Harbor, WA 98335-1100
Gig Harbor metro Census 72507 SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$590k
Comparable Approach Comparable
$685k
Blend (final) Blend
$765k

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2014
Price N/A

Zoning & alternative use

B-2 · Gig Harbor, WA
Zoning description

Joint use of required parking spaces for the downtown business (DB), waterfront commercial (WC), general business (B-2), commercial (C-1) and residential and business (RB-1) districts abutting Harborview Drive and North…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.2M +13.8%

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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