3815 100th Street SW Lakewood, Lakewood, WA 98499
Three-story office condo with two units, one leased.
- Added:
- Apr 19, 2025
- Days on Market:
- 443
- Last Refresh:
- May 10 at 9:26 pm
Property Features for 3815 100th Street SW Lakewood
General Information
- Standard status
- Active
- Size
- 3,607 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing office TS PROPERTY MANAGEMENT, INC.
Listing date Apr 19, 2025
Source Corcoran
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 TS PROPERTY MANAGEMENT, INC.
HighLights
- Two units totaling 3,607 sq. ft., with one unit (1,152 sq. ft.) currently leased for $1,500/month providing immediate income.
- Owner financing available with 30% down and 6% interest, offering an accessible investment opportunity.
- Unit 2A (2,438 sq. ft.) features seven private offices, a large waiting area, a kitchen with dishwasher, and skylights.
- Convenient access to Hwy 512 and I‑5.
- Efficient climate control via heat pump.
- HOA dues cover water, sewer, garbage, and HVAC maintenance.
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 | $79.2k | $21.96 |
| − Vacancy | −$11.1k | −$3.07 |
| EGI | $68.1k | $18.89 |
| − OpEx | −$17.0k | −$4.72 |
| NOI | $51.1k | $14.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Pierce
- State
- Washington
- Longitude
- -122.488
- Latitude
- 47.1676
