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For sale
Office Units
WA
Lakewood
98499
3815 100th St Sw Ste 2a

Three-Story Office Condo with Income

3815 100th St Sw Ste 2a, Lakewood, WA 98499

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For Sale

$675,000

Three-story office condo with leased unit and owner financing.

Property size:

3,607 SF

Lot size:

0.25 Acres

Price / SF:

$187/SF

HighLights

Two units: One owner‑occupied (2,438 sq. ft.) and one leased (1,152 sq. ft.) providing immediate rental income.
Excellent location with convenient access to Hwy 512 and I‑5.
Owner financing available with 30% down and 6% interest rate.
Unit 2A features seven private offices, a large waiting area, a kitchen with a dishwasher, and skylights.
Leased unit (2B) generates $1,500/month in rental income.
HOA covers water, sewer, garbage, and HVAC maintenance, simplifying property management.

We can help!

Listing Contact

Justin Park

For Sale

$675,000

Three-story office condo with leased unit and owner financing.

Property size:

3,607 SF

Lot size:

0.25 Acres

Price / SF:

$187/SF

Added:: Sep 28, 2025
Days on Market:: 261
Last Refresh:: Apr 5 at 8:24 pm

Property Features for 3815 100th St Sw Ste 2a

General Information

Standard status: Active
Size: 3,607 SF
Lot size: 0.25 Acres

We can help!

Listing Contact

Justin Park

Listing agent Justin Park

Listing office TS Property Management

Listing date Sep 28, 2025

Source Exprealty

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 TS Property Management

HighLights

Two units: One owner‑occupied (2,438 sq. ft.) and one leased (1,152 sq. ft.) providing immediate rental income.
Excellent location with convenient access to Hwy 512 and I‑5.
Owner financing available with 30% down and 6% interest rate.
Unit 2A features seven private offices, a large waiting area, a kitchen with a dishwasher, and skylights.
Leased unit (2B) generates $1,500/month in rental income.
HOA covers water, sewer, garbage, and HVAC maintenance, simplifying property management.

Overview

Century Plaza 3815 Suite 2 is a three-story office condo totaling 3,607 sq. ft., featuring two units. Unit 2A offers approximately 2,438 sq. ft. across three levels, with seven private offices, a large waiting area, a kitchen with a dishwasher, and skylights. Unit 2B is approximately 1,152 sq. ft. and is currently leased for $1,500/month. The property includes a heat pump for efficient climate control and offers convenient access to Hwy 512 and I-5. Monthly HOA dues of $1,150 cover water, sewer, garbage, and HVAC maintenance. Owner financing is available with 30% down and a 6% interest rate, presenting an investment opportunity.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$79.2k	$21.96
− Vacancy	−$11.1k	−$3.07
EGI	$68.1k	$18.89
− OpEx	−$17.0k	−$4.72
NOI	$51.1k	$14.16

3,607 SF · lease $21.96/SF/yr · vacancy 14.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$729.9K

$638.6K – $851.5K (±1% cap)

NOI $51,090 @ 7.0% cap · market cap 7.57%

Second Best

Apartment 5plus

$623.5K

$545.6K – $727.5K (±1% cap)

NOI $43,648 @ 7.0% cap · market cap 6.47%

Theoretical Best

Office A

$974.2K

$852.4K – $1.14M (±1% cap)

NOI $68,195 @ 7.0% cap · market cap 10.10%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

AMR Insurance Insurance Agency Southwest Washington Chapter ... Association / Organization thc law firm Consultant MJ Captial LLC Consultant Washington Record Expungement Law Firm

Suggested Use

Location Insight

Map
Local Demand

City: Lakewood
County: Pierce
State: Washington
Longitude: -122.488
Latitude: 47.1676

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For sale
Office Units
WA
Lakewood
98499
3815 100th St Sw Ste 2a

What type of property is this?

Office units - Three-story office condo with leased unit and owner financing.

Where is this office units located?

The property is located at 3815 100th St Sw Ste 2a Lakewood, WA.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: Two units: One owner‑occupied (2,438 sq. ft.) and one leased (1,152 sq. ft.) providing immediate rental income.; Excellent location with convenient access to Hwy 512 and I‑5.; Owner financing available with 30% down and 6% interest rate.