You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Retail space

8230 Martin Way E Lacey, WA 98516

15,698 SF 1.89 ac lot Built 1999
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US90-1364391
No photos on file
For Lease
$28,780 SF/Yr 15,698 SF available
8230 Martin Way E, Lacey, WA 98516
View Listing →
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 15,698 SF
Lot 1.89 ac (82,328 SF)
APN 6542-00-00100
UPID US90-1364391
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.75M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.87M
Blend (final) Blend
$5.28M
Owner & transaction history
Epl Federal LLC · 4 yrs held
Epl Federal LLC
since 2022
Last sale
$5.5M
7 recorded transactions
2022
$5.5M
2020
$4.7M
2018
Price N/A
2003
$4.1M
2001
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $8.1M +28.4%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message