Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    8820 59th Ave SW Lakewood, WA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Well-maintained office space with 11 offices and reception area.

    Type:OFFICE
    Property size:
    1,810 SF
    Lot size:
    0.46 Acres
    Added:
    Nov 1, 2022
    Days on Market:
    1281
    Last Refresh:
    Apr 5 at 8:54 pm

    Property Features for 8820 59th Ave SW

    General Information

    Standard status
    Active
    Size
    1,810 SF
    Lot size
    0.46 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 8820 59th Ave SW Contact us

    We can help!

    Listing Contact
    Gary Anderson

    Listing agent Gary Anderson License #WA 43562

    Listing office G. Anderson Group, LLC

    Listing date Nov 1, 2022

    Source Moodyscre

    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 G. Anderson Group, LLC

    Overview

    Lakewood Office Space Available

    This attractive, well-maintained office space is located in a Lakewood office building, near Steilacoom Blvd and Bridgeport Way. The suite features 11 interior offices and a reception area. The building is equipped with a sprinkler system and includes air conditioning, a kitchenette, and common restrooms. Off-street parking is plentiful. The property offers 1810 square feet of office space.
    Location Intelligence

    Current Use by Public Records

    First Command Financial ... Financial Advisor Lakewood Pest Control ... Garden Center First Command Financial ... Financial Advisor First Command Financial ... Financial Advisor First Command Financial ... Financial Advisor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Gym & Fitness Center Building Supply Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.516
    Latitude
    47.177

    Nearby Similar for Lease

    • $5,409/Mo

      Professional Office Space Available

      Contiguous office space with amenities and convenient location.
      10116 36th Ave Ct SW, Lakewood, WA 98499
      View Details
    • $4,316/Mo

      Retail Space in High-Traffic Corridor

      Turnkey retail space in a high-traffic location near H Mart.
      8730 Tacoma Way, Lakewood, WA 98499
      View Details
    • $4,267/Mo

      Lakewood Commercial Suite For Rent

      Versatile 3,200 SF commercial suite suitable for various businesses.
      8024 Tacoma Way, Lakewood, WA 98499
      View Details
    • $500/Mo

      Functional Retail Space in Lakewood

      Retail space in a strong commercial corridor, formerly Subway.
      11122 Steele St S, Lakewood, WA 98499
      View Details
    • $11,802/Mo

      Turn-Key Office Suites Available

      Office suites for rent with shared amenities in Lakewood.
      10116 36th Ave Ct SW, Lakewood, WA 98499
      View Details
    • $3,260/Mo

      Lakewood Retail and Services Suites

      Retail, medical, and professional suites for lease in Lakewood.
      10009 Bridgeport Way SW, Lakewood, WA 98499
      View Details
    • $4,395/Mo

      Medical Office Space Available

      2,930 SF medical office space for lease.
      8907 Gravelly Lake Dr SW, Lakewood, WA 98499
      View Details
    • $15,102/Mo

      Unique Former Bank Building Available

      Distinctive mid-century modern building, ideal for retail or office.
      8801 Tacoma Way, Lakewood, WA 98499
      View Details
    • $5,250/Mo

      Medical Office Space Available

      Office space in park-like setting with ADA access.
      9101 Bridgeport Way SW, Lakewood, WA 98499
      View Details
    • $750/Mo

      Lakewood Office Space For Rent

      Office space available in Lakewood, WA with easy access.
      10828 Gravelly Lake Dr SW, Lakewood, WA 98499
      View Details
    • $9,338/Mo

      Lakewood Flex Space with Yard

      Flex space with office, warehouse, and fenced yard.
      10310 Tacoma Way, Lakewood, WA 98499
      View Details
    • $17,138/Mo

      Medical Office Building For Rent

      7,910 SF medical office building with ample parking.
      5919 100th St SW, Lakewood, WA 98499
      View Details

    FAQs

    What type of property is this?
    Office units - Well-maintained office space with 11 offices and reception area.
    Where is this office units located?
    The property is located at 8820 59th Ave SW Lakewood, WA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Well‑maintained office space in a desirable Lakewood location near Steilacoom Blvd and Bridgeport Way.; Features **11 interior offices** and a reception area.; Ample off‑street parking is provided.
    (360) 731-3739 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Gary Anderson
    Real Estate License ID: WA 43562
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    8820 59th Ave SW, Lakewood, WA

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!