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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8225 Martin E Way Lacey, WA 98516-5725

    • Banks
    • 3,144 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1769394
    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.

    Current Use by Public Records

    • Banks

    Property Details for 8225 Martin E Way

    Year built
    1991
    Construction
    WOOD FRAME
    Lot size
    0.52 lot acres
    Property size
    3,144 SF
    Property type
    Banks
    APN
    1181-14-31302
    APU
    11811431302

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $410,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $379,000
      Market price range: $167k - $380k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $525,000
      RETAIL STORES
      $420,000
      WAREHOUSE, STORAGE
      $285,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lacey
    County
    Thurston
    State
    Washington
    Longitude
    -122.765
    Latitude
    47.0563
    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
    $19,115
    $868,000
    $1,143,500
    $2,011,500
    -
    $868,000
    $1,143,500
    $2,011,500

    Comparable in this City

    • Value Estimation
      $460,000
      4,629 SF

      8308 Quinault NE Dr

      FINANCIAL BUILDING • 4,629 SF
      8308 Quinault NE Dr, Lacey, WA 98516-5831
      View Details
    • Value Estimation
      $800,000
      22,562 SF

      1445 Galaxy NE Dr

      FINANCIAL BUILDING • 22,562 SF
      1445 Galaxy NE Dr, Lacey, WA 98516-4754
      View Details
    • Value Estimation
      $455,000
      4,097 SF

      8303 Martin E Way

      FINANCIAL BUILDING • 4,097 SF
      8303 Martin E Way, Lacey, WA 98516-5808
      View Details
    • Value Estimation
      $450,000
      4,428 SF

      5520 Martin E Way

      FINANCIAL BUILDING • 4,428 SF
      5520 Martin E Way, Lacey, WA 98516-6326
      View Details
    • Value Estimation
      $480,000
      5,247 SF

      8665 Martin E Way

      FINANCIAL BUILDING • 5,247 SF
      8665 Martin E Way, Lacey, WA 98516-5812
      View Details
    • Value Estimation
      $555,000
      5,240 SF

      8300 Quinault NE Dr

      FINANCIAL BUILDING • 5,240 SF
      8300 Quinault NE Dr, Lacey, WA 98516-5831
      View Details

    Similar Nearby for Sale

    • $5,100,000
      18,300 SF

      Lacey Investment Opportunity For Sale

      Fully leased office/retail/flex buildings in Hawks Prairie area.
      8286 28Th Ct, Lacey, WA 98516
      View Details
    • $7,000,000
      57,265 SF

      Retail Space in Martin Village

      57,265 SF retail space available for lease or sale.
      5420 Martin Way E, Lacey, WA 98516
      View Details
    • $3,300,000
      9,360 SF

      Lacey Retail Center For Sale

      Fully leased retail center in Lacey, WA for sale.
      1107 College St SE, Lacey, WA 98516
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    • $385,000

      Lacey Land for Custom Home

      Prime buildable land in Lacey to build your dream home.
      1680 Draham Rd, Lacey, WA 98516
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    • $850,000

      Land For Sale Lacey, WA

      Land available for sale in Lacey, Washington.
      180 Hoh St SE, Lacey, WA 98516
      View Details
    • $2,025,000

      Land For Sale

      Land available for sale at 8501 Martin Way E, Lacey, WA.
      8501 Martin Way E, Lacey, WA 98516
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,344 SF

      Retail Spaces Near Restaurants

      Retail spaces available in high-traffic Lacey location.
      2555 Hogum Bay Rd NE, Lacey, WA 98516
      View Details
    • $42 SF/Yr
      1,209 SF

      Retail Space in Lacey Corridor

      New retail space in Lacey's premier shopping center.
      1200 Galaxy Dr, Lacey, WA 98516
      View Details
    • $21 SF/Yr
      1,530 SF

      Retail Space in Lacey Core

      Retail space available in Lacey's retail core.
      8205 Martin Way E, Lacey, WA 98516
      View Details
    • $25 SF/Yr
      10,888 SF

      New Construction Retail/Office Space

      New construction retail or office space with flexible floorplates.
      8845 Tallon Ln NE, Lacey, WA 98516
      View Details
    • $18 SF/Yr
      1,000 SF

      End-Cap Office or Retail Space

      Light and bright office or retail spaces in mixed-use property.
      9333 Martin Way E, Lacey, WA 98516
      View Details
    • $26 SF/Yr
      5,250 SF

      Retail Space Near High-Traffic Area

      Retail space available on Martin Way with high traffic counts.
      7326 Martin Way E, Olympia, WA 98516
      View Details
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    8225 Martin E Way
    Lacey, WA 98516-5725
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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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