6403 Lakewood Drive W, University Place, WA 98467
Prime location office building with recent renovations and ample parking.
- Added:
- Jun 13, 2024
- Days on Market:
- 731
- Last Refresh:
- May 10 at 11:13 pm
Property Features for 6403 Lakewood Drive W
General Information
- Standard status
- Active
- Size
- 6,104 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing agent JEROME O'LEARY License #9685
Listing office KIDDER MATHEWS (253) 779-9292
Listing date Jun 13, 2024
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of KIDDER MATHEWS
HighLights
- Prime location bordering Tacoma and University Place, across from Meadow Park Golf Course.
- Recent renovations include a new roof (2023) and interior renovation (2022).
- Well‑maintained building in excellent condition.
- Includes private offices, conference rooms, breakroom, and reception area.
- Flexible workspace with room for cubicles and work area.
- Abundant parking and high‑quality landscaping.
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 | $134.0k | $21.96 |
| − Vacancy | −$18.8k | −$3.07 |
| EGI | $115.3k | $18.89 |
| − OpEx | −$28.8k | −$4.72 |
| NOI | $86.5k | $14.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- University Place
- County
- Pierce
- State
- Washington
- Longitude
- -122.508
- Latitude
- 47.1989