14718 Union Ave SW Lakewood, WA
Centrally located office building with income potential and flexible layout.
- Added:
- Nov 24, 2025
- Days on Market:
- 230
- Last Refresh:
- May 20 at 9:40 pm
Property Features for 14718 Union Ave SW
General Information
- Standard status
- Active
- Size
- 2,160 SF
- Lot size
- 0.41 Acres
- Property subtype
- OFFICE
Listing office KW Commercial Greater 360 (253) 606-6332
Listing date Nov 24, 2025
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 KW Commercial Greater 360
Investment Insights
Based on property information with market context.
Key Highlights
- Prime central location with quick access to Tacoma, JBLM, DuPont, and Olympia.
- Potential for dual rental income with two separate suites, each with its own entrance.
- 7 spacious offices, 2 conference rooms, 2 bathrooms, and 2 kitchenettes.
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 | $47.4k | $21.96 |
| − Vacancy | −$6.6k | −$3.07 |
| EGI | $40.8k | $18.89 |
| − OpEx | −$10.2k | −$4.72 |
| NOI | $30.6k | $14.16 |
