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    Property profile & analytics

    8719 Commerce Place Dr NE Lacey, WA 98516

    • Office Properties & Spaces
    • 35,880 SF
    • 2.37 lot acres
    For Lease
    View listing
    $17,072 /Mo
    Value Estimation
    $7,030,000
    Last Sale
    Apr 07, 2023
    $6,250,000
    Location Intelligence
    Property ID
    US90-0869959
    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

    • Office Properties & Spaces

    Property Details for 8719 Commerce Place Dr NE

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.37 lot acres
    Property size
    35,880 SF
    Property type
    Office Properties & Spaces
    APN
    7711-00-00100
    APU
    77110000100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,225,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,900,000
      6.5%
      $6,150,000
      7%
      $5,705,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $7,075,000
      Geo Method
      $6,445,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,785,000
      Retail
      $6,920,000
      Mixed-Use
      $6,065,000
      Hospitality
      $5,815,000
      Educational
      $6,285,000
      Residential Income
      $6,250,000
      Energy
      $6,830,000
      Income-Based Land
      $6,925,000
      Food Service
      $6,625,000

    Location Insight

    • Map
    • Local Demand
    City
    Lacey
    County
    Thurston
    State
    Washington
    Longitude
    -122.756
    Latitude
    47.0699
    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
    $79,825
    $745,400
    $7,655,400
    $8,400,800
    -
    $745,400
    $7,655,400
    $8,400,800

    Comparable in this City

    • Value Estimation by Request
      209,270 SF

      3901 Hogum Bay NE Rd

      OFFICE (GENERAL) • 209,270 SF
      3901 Hogum Bay NE Rd, Lacey, WA 98516-3136
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    • Value Estimation by Request
      6,000 SF

      2901 Marvin NE Rd

      OFFICE (GENERAL) • 6,000 SF
      2901 Marvin NE Rd, Lacey, WA 98516-3122
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    • Value Estimation by Request
      100 SF

      9303 Orion NE Dr

      OFFICE (GENERAL) • 100 SF
      9303 Orion NE Dr, Lacey, WA 98516-6265
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    • Value Estimation by Request
      78,230 SF

      9000 Orion NE Dr

      OFFICE (GENERAL) • 78,230 SF
      9000 Orion NE Dr, Lacey, WA 98516-6100
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    • Value Estimation by Request
      10,446 SF

      221 College NE St

      OFFICE (GENERAL) • 10,446 SF
      221 College NE St, Lacey, WA 98516-5313
      View Details
    • Value Estimation by Request
      36,116 SF

      8517 Commerce Pl NE Dr

      OFFICE (GENERAL) • 36,116 SF
      8517 Commerce Pl NE Dr, Lacey, WA 98516-1327
      View Details

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    • Contact for pricing
      93,492 SF

      Lacey Warehouse Space For Lease

      93,492 SF warehouse space available near I-5 in Lacey, WA.
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    • $0.90 SF/Yr
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      Warehouse Space with Office

      Warehouse space featuring a private office and kitchenette.
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    8719 Commerce Place Dr NE
    Lacey, WA 98516
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    Realmo Value Estimation

    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.

    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.

    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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