8282 28Th CtLacey, WA 98516

Property Details for 8282 28Th Ct

Year built

2010

Construction

STEEL FRAME

Lot size

0.86 AC

Property size (Sq ft)

3,024 SF

Property type

Office properties

Property subtype

Office buildings

APN

5489-00-00400

APU

54890000400

Description

This exceptional Class A office space, totaling 1,500 square feet, is available for lease within the Hogum Bay Professional Park in Lacey, Washington's Hawks Prairie submarket. Situated in a single-tenant, mixed-use building of 18,300 total square feet, this property offers a tranquil setting adjacent to a greenbelt. Built in 2010, the one-story building boasts high-quality construction and meticulous maintenance. The interior layout includes three private offices and a spacious training area, perfect for a variety of business needs. The property sits on 1.72 acres of land and is zoned LI-C. Its strategic location offers unparalleled convenience, with close proximity to the new Hogum Bay Town Center. This vibrant mixed-use development features approximately 400 new apartment units, a diverse selection of new restaurants, and the popular 23 Kitchens pickleball courts, restaurant, and lounge. This presents a unique opportunity to establish your business in a thriving and amenity-rich environment. Don't miss the chance to secure this exceptional space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $818,302

  6.5%

  $755,356

  7%

  $701,402

• Comparable approach

  Method

  Valuation

  Relative Method

  $810,928

  Geo Method

  $582,362

• Alternative Use

  Use

  Valuation

  Residential

  $936,641

  Hospitality

  $857,958

  Educational

  $713,811

  Medical

  $738,360

  Retail

  $1,110,373

Location Insight

City

Lacey

County

Thurston

State

Washington

Latitude

47.0721

Longitude

-122.767

CBSA code

36500

CBSA name

OLYMPIA, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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