Thurston County Assessor
Parcel Number: 61340000500
 
Situs Address: 5400 MARTIN WAY E
 
Owner: MARTIN VILLAGE HOLDINGS LLC
Address:923 POWELL AVE SW STE 101
 RENTON, WA 98057
 
Taxpayer: MARTIN VILLAGE HOLDINGS LLC
Address:923 POWELL AVE SW STE 101
 RENTON, WA 98057
 
Abbreviated Legal:Section 16 Township 18 Range 1W Binding Site Plan MARTIN VILLAGE - BSP LT 5 Document 001/046
 
Associations:99002072668   JACK & JILLS A CHILDRENS SALON - LACEY
 99002156181    MOR FURNITURE FOR LESS
 99002072797   REGAL 16 CINEMAS #480673
Date: 2/21/2026
 
Sect/Town/Range:16 18 1W
 
Size:9.16 Acres
UseCode:74 Recreational
TCA Number:241
Neighborhood:09HC
Property Type:REC
Taxable:YES
Active Exemptions:None
Fire District:FIRE DISTRICT #03
School District:NORTH THURSTON S.D. #3
 
Water Source:PUBLIC
Sewer Type:SEWER

Market Values

Tax Year2026202520242023202220212020201920182017
Assessment Year2025202420232022202120202019201820172016
 
Market Value Land$6,480,500$5,172,600$5,172,600$4,876,900$5,920,300$5,138,300$5,196,200$4,385,600$4,576,500$3,359,600
Market Value Buildings$16,359,700$17,468,500$15,104,400$23,622,100$18,825,500$17,074,300$16,603,800$15,414,400$13,923,500$13,390,400
Market Value Total$22,840,200$22,641,100$20,277,000$28,499,000$24,745,800$22,212,600$21,800,000$19,800,000$18,500,000$16,750,000


Commercial Structures

BuildingYear BuiltFloorSquare FeetNo. FloorsTotal Sq. Ft.QualityCondition
FAST-FOOD-RS20051341913419AVERAGEAVERAGE
RESTAURANT20051582015820AVERAGEAVERAGE
RETAIL-STORE2005133280133280AVERAGEAVERAGE
THEATER2005178413178413AVERAGEAVERAGE
   
 ---------- 
 120932
 
 

Detached Structures

StructureYear BuiltSquare FeetQualityCondition
 
PVNG-ASPHALT1993188981AVERAGEAVERAGE
PVNG-CONCRTE199316547AVERAGEAVERAGE

Land Characteristics

Land Flag4040
 
Lot Square Footage399009
 
Lot Acreage9.16
 
Effective FrontageNot Listed
 
Effective DepthNot Listed
 
Land Influence(s)No Influences Listed

Sales

Sale Date:12/19/201912/29/201602/08/2016
Price:$21,800,000$16,750,000$16,500,000
Excise:744756734304381339
Sale Type:SPECIAL WARRNTY DEEDSPECIAL WARRNTY DEEDTRUSTEE DEED
Recording Number:472727945421254487780
Seller:TPP 305 MARTIN VILLAGE LLC5400 MARTIN WAY HOLDINGS LLCVCG-LACEY LLC
Buyer:MARTIN VILLAGE HOLDINGS LLCTPP 305 MARTIN VILLAGE LLC5400 MARTIN WAY HOLDINGS LLC
Multiple Parcel Sale:NNN
 
Sale Date:02/08/201602/08/201606/23/2003
Price:$16,500,000 $3,900,000
Excise:381511381576313144
Sale Type:TRUSTEE DEEDQUIT CLAIM DEEDSPECIAL WARRNTY DEED
Recording Number:448968044900453546478
Seller:HCWA REALTY CORP
Buyer:5400 MARTIN WAY HOLDINGS LLC5400 MARTIN WAY HOLDINGS LLCVCG-LACEY LLC
Multiple Parcel Sale:NNN
 

The Assessor's Office maintains property records on approximately 112,000 parcels in Thurston County for tax purposes. Though records are updated regularly, the accuracy and timeliness of published data cannot be guaranteed. Any person or entity that relies on information obtained from this website does so at his or her own risk. Neither Thurston County nor the Assessor will be held liable for damage or losses caused by use of this information. All critical information should be independently verified.
 

Office of the Assessor

Steven J. Drew, Assessor
3000 Pacific Ave SE, Olympia WA 98501
Customer Service (360)867-2200 -- Fax (360)867-2201 -- TDD (360)754-2933