Lakewood Professional Office
5920 100th Street SW #33 Lakewood, WA 98499
5920 100th Street SW #33, Lakewood, WA, 98499
$485,000
For Sale
$485,000
Professional office space suitable for medical, dental, or other services.
Property Size1,392 SF
Lot Size0.04 Acres
Price / SF$348.42
Days on Market614
Property Features for 5920 100th Street SW #33
General Information
- Standard status
- Active
- Size
- 1,392 SF
- Lot size
- 0.04 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1973
Listing Agency
PROVIDENCIA
(425) 998-9887
Listed by
CHARLES HOLMES
Source
Corcoran
Added: Nov 12, 2024 Checked: Jul 19 at 4:02 am
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 PROVIDENCIA
Investment Insights
Based on property information with market context.
Located in Lakewood Professional Village, Suite #33 is positioned across from the Lakewood Towne Center. This 1,392-square-foot professional office space includes an additional 400 square feet of attic storage and six dedicated parking spaces. The current configuration features a reception area, a waiting room, five offices, a half bath, a three-quarter bath, and a kitchen. A heat pump provides year-round heating and cooling. The property is ideally suited for medical, dental, or other professional services.
Key Highlights
- Ideally located across from the Lakewood Towne Center.
- Suitable for medical, dental, or other professional services.
- Includes 1,392 square feet of professional office space.
Local Financial Insights For Healthcare Medical
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 | $38.3k | $27.48 |
| − Vacancy | −$5.4k | −$3.85 |
| EGI | $32.9k | $23.63 |
| − OpEx | −$13.2k | −$9.45 |
| NOI | $19.7k | $14.18 |
1,392 SF · lease $27.48/SF/yr · vacancy 14.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$282.0K
$246.7K – $329.0K
NOI $19,738 @ 7.0% cap · market cap 4.07%
Second Best
Office B
$281.7K
$246.5K – $328.6K
NOI $19,717 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$376.0K
$329.0K – $438.6K
NOI $26,317 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. James Wilson
Pediatrician
Energy Massage
Alternative Medicine Practice
Eye Physicians of Lakewood
Physician
David Colbeth, REALTOR ...
Real Estate Agency
RE/MAX Sound Properties
Real Estate Agency
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FAQs
What type of property is this?
Medical Office Space - Professional office space suitable for medical, dental, or other services.
Where is this medical office space located?
The property is located at 5920 100th Street SW #33 Lakewood, WA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Ideally located across from the Lakewood Towne Center.; Suitable for medical, dental, or other professional services.; Includes **1,392 square feet of professional office space.**
