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Property profile & analytics
OFF-MARKET Estimated value $1,500,000
Apartment buildings

8815 Harborview Dr Gig Harbor, WA 98332-2159

3,120 SF 0.14 ac lot Built 1945
Entity Owned 4-yr Hold Free & Clear
Property ID
US90-0968517
Property summary
AI-generated overview

This exceptional 1,400 square foot retail space is ideally situated at 8815 N Harborview Dr in Gig Harbor, Washington, 98332. Located in the heart of Gig Harbor, this single-tenant property offers unparalleled visibility and accessibility. The space boasts stunning views of both Mount Rainier and Gig Harbor Bay, enhancing its appeal and creating a memorable experience for customers. Its prime location on Harborview Drive provides convenient access to a variety of local shops and restaurants, ensuring high foot traffic and exposure. The property is situated in Pierce County and benefits from excellent walkability, making it an attractive destination for both residents and visitors. This is a rare opportunity to establish a business in a vibrant and thriving community with exceptional natural beauty and a strong sense of place. The property is currently vacant and ready for immediate occupancy. The address is easily accessible and offers ample opportunity for signage and branding. This location is perfect for businesses seeking a high-profile presence in a desirable and bustling area of Gig Harbor. The space is suitable for a variety of retail uses, subject to local zoning regulations.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1945
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,120 SF
Lot 0.14 ac (6,279 SF)
Zoning code WC
APN 4030000250
UPID US90-0968517
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
Current use
Occupant on record · Public records
  • LuAnn Frans Real Estate Agency
  • HAWKINS-POE Real Estate Agency
  • Women in Real Estate Real Estate Agency
  • Nicole Caldwell, Realtor® at Hawkins Poe, Inc. Real Estate Agency
  • Lauren Vigus Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.50M
Owner & transaction history
Brynestad Family 16 LLC · 4 yrs held
Brynestad Family 16 LLC
since 2021
Last sale
$1.5M
4 recorded transactions
2021
$1.5M
2021
$1.8M
2008
$600,000
2008
Price N/A
Zoning & alternative use
WC · Gig Harbor, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Harborview Drive and within the View Basin neighborhood design area. 17.72.070 Repealed. 17.72.075 Special provisions for existing buildings…

Zone name Waterfront Commercial
General category COMMERCIAL
Zone area 23.37 ac
Top alternative use upside
Neighborhood: shopping center $1.3M +80.5%
Auto repair, garage $1.1M +55.6%
Retail stores $955,000 +29.7%
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