Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10111 S Tacoma Way Lakewood, WA 98499

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.15 SF/Yr

    815 SF office space available for rent in Lakewood.

    Property size:
    815 SF
    Lot size:
    1.57 Acres

    Property Features for 10111 S Tacoma Way

    General Information

    Size
    815 SF
    Lot size
    1.57 Acres

    We can help!

    Listing Contact
    Nicholas Ratzke
    Nicholas Ratzke
    Source: Moodyscre

    Listing Agent: Nicholas Ratzke

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lakewood Office Space For Rent

    This property offers 815 square feet of office space and is located on South Tacoma Way in Lakewood, Washington.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dynamic Medical Systems Medical Supply Store Eagle Ink Specialty ... Screen Printer Terminix Pest Control Service SRC Windows Inc. Window Installation Service Aftermath Services LLC Commercial Cleaning Service

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.48048
    Latitude
    47.164969

    Nearby Similar for Lease

    • Contact for pricing
      202,951 SF

      Lakewood Warehouse and Distribution Space

      202,951 SF warehouse with convenient I-5 access for lease.
      7129 150Th St SW, Lakewood, WA 98439
      View Details
    • $12 SF/Yr
      420 SF

      Corner Office Suite with Storage

      Basement corner suite with two rooms and storage area.
      10116 36Th Avenue Ct SW, Lakewood, WA 98499
      View Details
    • $0.55 SF/Yr
      245,987 SF

      Lakewood Warehouse Space for Lease

      Available warehouse space in Lakewood with ample loading docks and parking.
      3451 S 84Th St, Lakewood, WA 98499
      View Details
    • Contact for pricing
      900 SF

      Lakewood Office Space For Lease

      Office space available for lease in Lakewood, Washington.
      11318 Bridgeport Way SW, Lakewood, WA 98499
      View Details
    • Contact for pricing
      2,500 SF

      Industrial Space Near I-5 & SR-512

      2,500 SF warehouse/distribution space in Lakewood, WA available for lease.
      9316 Lakeview Ave SW, Lakewood, WA 98499
      View Details
    • $0.22 SF/Yr
      6,565 SF

      Industrial Space Near I-5

      6,565 SF industrial space with excellent highway access.
      9705 47Th Ave SW, Lakewood, WA 98499
      View Details
    • Contact for pricing
      10,000 SF

      Office/Medical Space on Steilacoom Blvd

      Well-maintained office/medical space with excellent visibility and access.
      3615 Steilacoom Blvd SW, Lakewood, WA 98499
      View Details
    • $18 SF/Yr
      6,057 SF

      Lakewood Retail/Warehouse Space Available

      Retail and warehouse space with fenced yard in Lakewood, WA.
      10310 S Tacoma Way, Lakewood, WA 98499
      View Details
    • Contact for pricing
      171,241 SF

      Lakewood Retail Center - Prime Location

      Four Suites Available, 1,045-3,200 SF
      10223 Gravelly Lake Dr, Lakewood, WA 98499
      View Details
    • $16 SF/Yr
      24,782 SF

      Oakbrook Plaza: Retail Space Available

      High-traffic retail center; spaces from 800-4795 sq ft.
      8123 Steilacoom Blvd, Lakewood, WA 98498
      View Details
    • Contact for pricing
      3,456 SF

      Retail Building Available for Lease

      Single tenant retail building in Lakewood, available November 2025.
      15404 Union Ave SW, Lakewood, WA 98498
      View Details
    • Contact for pricing
      1,463 SF

      Retail, Medical, Professional Suites

      Retail, medical, and professional suites for lease in Lakewood, WA.
      10009-10011 Bridgeport Way SW, Lakewood, WA 98499
      View Details

    FAQs

    What type of property is this?
    Office space - 815 SF office space available for rent in Lakewood.
    Where is this office space located?
    The property is located at 10111 S Tacoma Way Lakewood, WA.
    What is the lease rate?
    The lease rate is $1.15 SF/Yr.
    What are key features of this property?
    This property features: - 815 SF office
    (253) 779-2414
    Request Owner's contact information
    10111 S Tacoma Way Lakewood, WA 98499
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10111 S Tacoma Way
    Lakewood, WA 98499
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10111 S Tacoma Way Lakewood, WA 98499
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nicholas Ratzke
    Nicholas Ratzke
    (253) 779-2414
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.