Office Condominium with Private
1-7403 Lakewood Dr W, Lakewood, WA 98499
For Sale
$179,950
Efficient professional suite includes reception, waiting, kitchen, and private restroom areas.
Property Size1,076 SF
Price / SF$167.24
Days on Market118
Property Features for 1-7403 Lakewood Dr W
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Century 21 Blue Chip
Listed By:
Greg Pubols
(253) 444-3108
Source:
Exprealty
Added: Jul 20
Changed: Nov 13
Last Checked: Nov 12 at 9:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Blue Chip
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,076 sq. ft. office condominium offers a practical layout for professional operations, with three enclosed offices, a designated reception area, a waiting space, kitchen, and private restroom. A reception desk is already part of the configuration, supporting a polished arrival experience for clients and visitors.
The flexible interior can accommodate office-based practices and services including medical, counseling, real estate, accounting, and legal operations. Its Lakewood location provides a convenient setting for an owner-user or investor seeking a professionally configured commercial condominium.
The flexible interior can accommodate office-based practices and services including medical, counseling, real estate, accounting, and legal operations. Its Lakewood location provides a convenient setting for an owner-user or investor seeking a professionally configured commercial condominium.
Key Highlights
- 1,076 sq. ft. office condominium
- Three private offices with dedicated reception area
- Waiting area and reception desk included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,241
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,820
$304.8K
Cap Rate 7%
$217,729
$217.7K
Cap Rate 9%
$169,344
$169.3K
Market Conditions
NOI Build-Up for 1,076 SF
Gross rent
$23.6K $21.96/SF
− Vacancy
−$3.3K −$3.07/SF
EGI
$20.3K $18.89/SF
− OpEx
−$5.1K −$4.72/SF
NOI
$15.2K $14.16/SF
Area
Pierce County, WA
Vacancy
14.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,820
Cap Rate 7%
$217,729
Cap Rate 9%
$169,344
Alternative Uses
Best Use
Office B
$217.7K
$190.5K – $254.0K
NOI $15,241 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$290.6K
$254.3K – $339.1K
NOI $20,343 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 98499, WA
33,188
Population
14,683
Households
2.3
Avg Household Size
35
Median Age
19%
College-Educated
85%
High-School Grad
8.8 sq mi
ZIP Area
3,771
Density / Sq Mi
$65,000
Median Household Income
$41,345
Median Earnings
$1,445
Median Rent
$370,000
Median Home Value
Market
Average Price Trend$/SF for Office Units in Pierce County, WA
Properties on Market for Office Units in Pierce County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Efficient professional suite includes reception, waiting, kitchen, and private restroom areas.
Where is this office unit located?
The property is located at 1-7403 Lakewood Dr W Lakewood, WA.
What is the asking price?
The asking price for this property is $179,950.
What are key features of this property?
This property features: 1,076 sq. ft. office condominium; Three private offices with dedicated reception area; Waiting area and reception desk included
