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8623 Steilacoom Road Southeast
Olympia, WA 98513
Asking Price
$1.35M
Asset Type
Residential Retail
Class
Class B
What's Special
Retail | 55,757 SqFt <p><strong>Approved 7-Lot Short Plat</strong> – Development approval already in place, reducing entitlement timeline and accelerating project start.</p><p><strong>1.28 Acres in a High-Growth Market</strong> – Positioned in one of the South Sound’s expanding residential corridors.</p><p><strong>Existing Duplex Included</strong> – Approved plan converts the current duplex into <strong>2 townhouse lots</strong>.</p><p><strong>Additional Development Potential</strong> – Includes <strong>5 new single
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NOI
$80,000
Cap Rate
5.93%
DSCR
1.00
Underwater
Cash-on-Cash
-0.04%
Monthly Payment
$6,679.063
Annual Cash Flow
$-148.761