3615 Steilacoom Blvd, Lakewood, WA 98499
Three-story office building in Lakewood's business district.
- Added:
- Feb 18, 2026
- Days on Market:
- 137
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 3615 Steilacoom Blvd
General Information
- Standard status
- Active
- Size
- 21,000 SF
- Property subtype
- Industrial
Listing office CENTURY 21 Real Estate Center
Listing date Feb 18, 2026
Source Crexi
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 CENTURY 21 Real Estate Center
HighLights
- High‑traffic location at the intersection of Steilacoom Blvd and South Tacoma Way, with 20,000–30,000 vehicles passing daily.
- 21,000 square feet of versatile office space suitable for various business types.
- Shared parking lot with over 70 spaces for employees and clients.
- Modern elevator for easy access to all three stories.
- Comprehensive fire sprinkler system for safety and compliance.
- Located in the heart of Lakewood's business district.
Overview
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 | $461.2k | $21.96 |
| − Vacancy | −$64.6k | −$3.07 |
| EGI | $396.6k | $18.89 |
| − OpEx | −$99.1k | −$4.72 |
| NOI | $297.4k | $14.16 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Pierce
- State
- Washington
- Longitude
- -122.4848807
- Latitude
- 47.1769448
