7116 Stinson AveGig Harbor, WA 98335

Property Details for 7116 Stinson Ave

Year built

1968

Construction

WOOD FRAME

Lot size

0.71 AC

Property size (Sq ft)

3,216 SF

Zone code

B-2

Property type

Office properties

APN

221074074

APU

221074074

Description

This exceptional commercial property at 7116 Stinson Ave in Gig Harbor, WA 98335, offers a variety of executive office and retail spaces for lease. The building totals 2,341 square feet and is currently fully vacant, presenting a unique opportunity for immediate occupancy. Multiple suites are available, ranging from a minimum of 533 square feet to a maximum contiguous space of 1,012 square feet. Suite 205, a 1,012 square foot space, boasts an open floor plan, a break room, restroom, two private offices, and recently updated carpet and paint. Suite 207 offers 796 square feet with one private office and a restroom. Suite 208 provides an open floor plan with a restroom. All available spaces are located on the second floor. The property is conveniently located near SR-16 in downtown Gig Harbor and benefits from ample parking and excellent signage. This professional office and retail center is home to established businesses such as Moore Chiropractic, Sunrise Dental, Fraley Insurance, Critter Clippers, and Fox & Vixen Salon. The asking rate is $16.00 per square foot per year, plus NNN charges. Tenants are responsible for separately metered power. Cross-access parking is readily available.

• CAP approach

  CAP return

  Valuation

  6%

  $986,292

  6.5%

  $910,423

  7%

  $845,393

• Comparable approach

  Method

  Valuation

  Relative Method

  $862,415

  Geo Method

  $619,337

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,734,640

  Retail / Commercial

  $900,823

  Mixed-Use / Specialty

  $906,525

  Hospitality / Lodging

  $676,693

  Institutional / Educational

  $945,606

  Residential Income

  $1,106,360

  Multifamily

  $1,277,490

  Automotive / Energy

  $810,520

  Parking / Income-Based Land

  $270,894

  Restaurant / Food Service

  $490,513

  Healthcare / Senior Housing

  $920,484

Location Insight

City

Gig Harbor

County

Pierce

State

Washington

Latitude

47.3231

Longitude

-122.59

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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