Professional Office Unit with Attic
33-5920 100th St Sw, Lakewood, WA 98499
For Sale
$485,000
Office suite configured for professional services with multiple offices, reception areas, restrooms, kitchen, storage, and dedicated parking.
Property Size1,792 SF
Price / SF$270.65
Days on Market741
Property Features for 33-5920 100th St Sw
General Information
Standard status
Size
Total Parking Spaces
Taxes and HOA fees
Annual Taxes
Listing Agency:
Providencia
Listed By:
Charles Holmes · License WA 20363DB
(425) 998-9887
Source:
Exprealty
Added: Oct 31, 2024
Changed: Nov 4
Last Checked: Nov 10 at 10:06AM
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
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Investment Insights
Based on property information with market context.
Suite 33 at Lakewood Professional Village provides 1,392 square feet of professional office space with an additional 400 square feet of attic storage. The existing layout includes a reception area, waiting room, five offices, a kitchen, a 1/2 bath, and a 3/4 bath. A heat pump supports both heating and cooling throughout the year.
The property is located at 33-5920 100th St SW in Lakewood, Washington, across from the Lakewood Towne Center. Six dedicated parking spaces are included for staff, patients, or clients. The configuration is suited to medical, dental, and other professional services.
The property is located at 33-5920 100th St SW in Lakewood, Washington, across from the Lakewood Towne Center. Six dedicated parking spaces are included for staff, patients, or clients. The configuration is suited to medical, dental, and other professional services.
Key Highlights
- 1,392 SF professional office suite with an additional 400 SF of attic storage
- Existing layout includes five offices, reception, waiting room, kitchen, and two bathrooms
- Six dedicated parking spaces included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,410
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,200
$508.2K
Cap Rate 7%
$363,000
$363.0K
Cap Rate 9%
$282,333
$282.3K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$49.2K $27.48/SF
− Vacancy
−$6.9K −$3.85/SF
EGI
$42.3K $23.63/SF
− OpEx
−$16.9K −$9.45/SF
NOI
$25.4K $14.18/SF
Area
Pierce County, WA
Vacancy
14.00%
Lease Rate
$27.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$508,200
Cap Rate 7%
$363,000
Cap Rate 9%
$282,333
Alternative Uses
Best Use
Healthcare Medical
$363.0K
$317.6K – $423.5K
NOI $25,410 @ 7.0% cap · market cap 5.24%
Second Best
Office B
$362.6K
$317.3K – $423.0K
NOI $25,382 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$484.0K
$423.5K – $564.7K
NOI $33,880 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
Explore this area
Business Placement
Demographics for 98499, WA
33,188
Population
14,683
Households
2.3
Avg Household Size
35
Median Age
19%
College-Educated
85%
High-School Grad
8.8 sq mi
ZIP Area
3,771
Density / Sq Mi
$65,000
Median Household Income
$41,345
Median Earnings
$1,445
Median Rent
$370,000
Median Home Value
Market
Average Price Trend$/SF for Office Units in Pierce County, WA
Properties on Market for Office Units in Pierce County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite configured for professional services with multiple offices, reception areas, restrooms, kitchen, storage, and dedicated parking.
Where is this office unit located?
The property is located at 33-5920 100th St Sw 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: 1,392 SF professional office suite with an additional 400 SF of attic storage; Existing layout includes five offices, reception, waiting room, kitchen, and two bathrooms; Six dedicated parking spaces included
