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4104 Martin Way E 8,372 SF 100% Leased Retail Building Lacey, WA 98516 $4,750,000 ($567.37/SF) 5.51% Cap Rate
Executive Summary
Prime Lacey retail corridor surrounded by major national anchors: Lowe’s, Hobby Lobby, Tractor Supply, Safeway (all within 1 mile).
High visibility & access: 160,000+ VPD on I-5 and 25,000+ VPD on Martin Way E; additional exposure from shadow anchors.
Fully occupied strip center with strong built-in customer draw.
Strong demographics (3-mile radius): 62,000+ population, $67K avg. household income, 38,000+ employees.
15 minutes to the Washington State Capitol, supported by a stable government-employee workforce.
High visibility & access: 160,000+ VPD on I-5 and 25,000+ VPD on Martin Way E; additional exposure from shadow anchors.
Fully occupied strip center with strong built-in customer draw.
Strong demographics (3-mile radius): 62,000+ population, $67K avg. household income, 38,000+ employees.
15 minutes to the Washington State Capitol, supported by a stable government-employee workforce.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
8,372 SF
Building Class
B
Year Built
1994
Price
$4,750,000
Price Per SF
$567.37
Cap Rate
5.51%
NOI
$261,725
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.68 AC
Zoning
HDC-4
Parking
35 Spaces (4.18 Spaces per 1,000 SF Leased)
Frontage
Bike Score®
Very Bikeable (79)
Nearby Major Retailers
Property Taxes
| Parcel Number | 11817130800 | Improvements Assessment | $1,338,300 |
| Land Assessment | $1,281,400 | Total Assessment | $2,619,700 |
Property Taxes
Parcel Number
11817130800
Land Assessment
$1,281,400
Improvements Assessment
$1,338,300
Total Assessment
$2,619,700
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4104 Martin Way E
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