9124 Gravelly Lake Drive SW, Lakewood, WA 98499
3,885 SF professional office building with high visibility.
- Added:
- Sep 18, 2023
- Days on Market:
- 1022
- Last Refresh:
- May 13 at 8:49 pm
Property Features for 9124 Gravelly Lake Drive SW
General Information
- Standard status
- Active
- Size
- 3,885 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1986
Listing office WINDERMERE PROF PARTNERS (253) 565-1189
Listing date Sep 18, 2023
Source Xome
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 WINDERMERE PROF PARTNERS
HighLights
- 100% Vacant, Move‑In Ready Professional Office Building (3,885± SF)
- High‑Visibility Location: Bridgeport Way & Gravelly Lake Dr (20,000+ Vehicles Daily)
- Dual Access from Major Roadways & Monument Signage
- Four Versatile Office Suites for Single or Multi‑Tenant Use
- Recently Upgraded HVAC System
- Ample Parking via Cross‑Parking Easement
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.3k | $21.96 |
| − Vacancy | −$11.9k | −$3.07 |
| EGI | $73.4k | $18.89 |
| − OpEx | −$18.3k | −$4.72 |
| NOI | $55.0k | $14.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Pierce
- State
- Washington
- Longitude
- -122.5175718
- Latitude
- 47.1733381
