8230 Martin Way E Lacey, WA 98516
This exceptional retail property, located at 8230 Martin Way E in Lacey, Washington, presents a unique investment opportunity. The former Rite Aid building boasts a substantial 15,698 square feet of space, situated on a generous 1.89 acres of land in Thurston County. Its prime location within the Hawks Prairie area of Lacey ensures high visibility and excellent accessibility for customers. The property benefits from ample parking, a significant advantage for retail operations, and a convenient drive-through feature, further enhancing its appeal and functionality. The single-tenant configuration offers simplicity and potential for a variety of retail uses. The building's size and features make it suitable for a wide range of businesses seeking a prominent presence in a thriving commercial area. The property's address is 8230 Martin Way E, Lacey, WA 98516. This location offers exceptional visibility and convenient access for customers, making it an ideal space for a business seeking to establish a strong presence in the Lacey market. The property's size and features make it a compelling opportunity for businesses seeking a high-traffic location with ample parking and a drive-through. The property is classified as retail, with a single-tenant occupancy. The zip code is 98516.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.