Paved, Fenced Lakewood Industrial
3817 94th Street SW Lakewood, WA 98499
3817 94th Street SW, Lakewood, WA, 98499
$394,950
For Sale
$394,950
Versatile industrial property with live/work potential in Lakewood, Washington.
Property Size1,150 SF
Lot Size0.21 Acres
Price / SF$343.43
Days on Market157
Property Features for 3817 94th Street SW
General Information
- Standard status
- Active
- Size
- 1,150 SF
- Lot size
- 0.21 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing Agency
JOHN L. SCOTT, INC
(425) 227-9200
Listed by
TERRY VO
Source
Corcoran
Added: Feb 13 Checked: Jul 20 at 3:55 am
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 JOHN L. SCOTT, INC
Investment Insights
Based on property information with market context.
This fully paved and fenced property is located just north of Pierce Transit and minutes from major freeway connections. Zoned Light Industrial, the site is located in the heart of Lakewood’s industrial corridor. The property features a 1,150 square foot, 1-story building that can serve as a residential home or professional office, with 2 bedrooms, 1 bathroom, a kitchen, and flexible interior space suitable for administrative or live/work use. The property has strong street frontage, secure fencing, and ample yard space. The paved yard allows for efficient parking, loading, and outdoor operations, while the fenced perimeter provides added security. The location and utilities make this a rare opportunity in a high-demand industrial market. The property delivers both operational efficiency and long-term upside. It is ideal for owner-users, investors, or businesses seeking a strategic location. It is also ideal for owner-operators seeking a live/work setup or investors targeting stable industrial demand with flexible future use potential.
Key Highlights
- Zoned Light Industrial in high‑demand Lakewood industrial corridor.
- Excellent access, visibility, and proximity to Pierce Transit and major freeways.
- Versatile 1,150 sq/ft building suitable for residential (live/work) or professional office use.
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 | $25.3k | $21.96 |
| − Vacancy | −$3.5k | −$3.07 |
| EGI | $21.7k | $18.89 |
| − OpEx | −$5.4k | −$4.72 |
| NOI | $16.3k | $14.16 |
1,150 SF · lease $21.96/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$232.7K
$203.6K – $271.5K
NOI $16,289 @ 7.0% cap · market cap 4.12%
Second Best
Mixed Use
$195.2K
$170.8K – $227.7K
NOI $13,662 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$310.6K
$271.8K – $362.4K
NOI $21,742 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Versatile industrial property with live/work potential in Lakewood, Washington.
Where is this flex space located?
The property is located at 3817 94th Street SW Lakewood, WA.
What is the asking price?
The asking price for this property is $394,950.
What are key features of this property?
This property features: Zoned Light Industrial in high‑demand Lakewood industrial corridor.; Excellent access, visibility, and proximity to Pierce Transit and major freeways.; Versatile 1,150 sq/ft building suitable for residential (live/work) or professional office use.
