Warehouse Building with Fenced
5124 74th St W Lakewood, WA 98499
5124 74th St W, Lakewood, WA, 98499
$1,650,000
For Sale
$1,650,000
Warehouse building with adjacent fenced residential lot, near I-5.
Property Size5,922 SF
Lot Size0.32 Acres
Price / SF$278.62
Days on Market110
Property Features for 5124 74th St W
General Information
- Standard status
- Active
- Size
- 5,922 SF
- Lot size
- 0.32 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing Agency
LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
(253) 383-8382
Listed by
KYLE PROSSER
Source
Corcoran
Added: Apr 2 Checked: Jul 19 at 4:51 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 LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This property features a 5,922 square foot warehouse building situated on a 14,139 square foot lot. Additionally, it includes an 8,674 square foot fenced residential lot adjacent to the building. The property is located on South 74th Street, just off Orchard Street, providing direct access to both I-5 and the city of Lakewood.
Key Highlights
- Direct access to I‑5 and Lakewood.
- 5,922 SF warehouse building on a 14,139 SF lot.
- 8,674 SF fenced residential lot adjacent to the building.
Local Financial Insights For Warehouse
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 | $92.4k | $15.60 |
| − Vacancy | −$7.3k | −$1.23 |
| EGI | $85.1k | $14.37 |
| − OpEx | −$12.8k | −$2.16 |
| NOI | $72.3k | $12.21 |
5,922 SF · lease $15.60/SF/yr · vacancy 7.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.03M
$904.0K – $1.21M
NOI $72,322 @ 7.0% cap · market cap 4.38%
Second Best
Industrial
$850.8K
$744.5K – $992.7K
NOI $59,559 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $111,963 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Budget Car Rental
Car Rental Facility
Budget Truck Rental
Car Rental Facility
Similar For Sale Nearby
Similar Off Market Nearby
- Public Storage — 7701 Bridgeport Way W, Lakewood, WA 98499
FAQs
What type of property is this?
Warehouse - Warehouse building with adjacent fenced residential lot, near I-5.
Where is this warehouse located?
The property is located at 5124 74th St W Lakewood, WA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Direct access to I‑5 and Lakewood.; 5,922 SF warehouse building on a 14,139 SF lot.; 8,674 SF fenced residential lot adjacent to the building.
