University Place Office
6923 Lakewood Dr W Unit B-2 University Place, WA 98467
6923 Lakewood Dr W Unit B-2, University Place, WA, 98467
$550,000
For Sale
$550,000
Office unit for sale in University Place, Washington.
Property Size2,242 SF
Price / SF$245.32
Days on Market135
Property Features for 6923 Lakewood Dr W Unit B-2
General Information
- Standard status
- Active
- Size
- 2,242 SF
- Property subtype
- Office
Building Details
- Year Built
- 2000
Listing agency
Kidder Mathews - Tacoma
(253) 722-1406
Listed by
Joel Shabel · License #72923
(253) 722-1406
Source
Kidder
Added: Mar 8 Updated: Jul 10 at 1:14PM Checked: Mar 26 at 9:48AM
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 Kidder Mathews - Tacoma
Investment Insights
Based on property information with market context.
An office unit is available for purchase. The property is 2242 square feet and is located in University Place, Washington.
Key Highlights
- Office unit for sale.
- Located in University Place, Washington.
- Built in 2000.
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 | $49.2k | $21.96 |
| − Vacancy | −$6.9k | −$3.07 |
| EGI | $42.3k | $18.89 |
| − OpEx | −$10.6k | −$4.72 |
| NOI | $31.8k | $14.16 |
2,242 SF · lease $21.96/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$453.7K
$397.0K – $529.3K
NOI $31,756 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$605.5K
$529.9K – $706.5K
NOI $42,388 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office unit for sale in University Place, Washington.
Where is this office units located?
The property is located at 6923 Lakewood Dr W Unit B-2 University Place, WA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Office unit for sale.; Located in University Place, Washington.; Built in 2000.
