Updated Office
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For Sale
Contact for pricing
5920 100 St SW, Lakewood, WA 98499
A flexible office building with floor plans supporting office or retail use and updates completed in 2017.
Property Size7,428 SF
Price / SF$201.27
Days on Market5
Property Features for 5920 100 St SW
General Information
Standard status
Active
Size
7,428 SF
Property subtype
OFFICE
Additional Details
HOA Fee
$44.58
Building Details
Year Renovated
2017
Buildings
1
Building Size
7,428 SF
Listing Agency:
Lee & Associates Commercial Real Estate Services
(253) 238-0043
Listed By:
Harrison Laird
(253) 238-0044
Source:
Moodyscre
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 6:52PM
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 updated office building offers flexible occupancy options, with the entire 7,428-square-foot building available for occupancy. The existing layout supports owner-occupancy of approximately 446 square feet while leasing the remainder, or leasing the entire property as an investment. Flexible floor plans can support a range of office and retail uses.
The building was updated in 2017, including the roof, HVAC, finishes, and bathrooms. HOA fees are approximately for 2025 and cover garbage, evening security, and common area maintenance such as parking lots, landscaping, and lighting.
The building was updated in 2017, including the roof, HVAC, finishes, and bathrooms. HOA fees are approximately for 2025 and cover garbage, evening security, and common area maintenance such as parking lots, landscaping, and lighting.
Key Highlights
- Entire building available for occupancy or leasing at 7,428 SF
- Flexible layout supports owner‑occupancy from approximately 446 SF
- 2017 updates include roof, HVAC, finishes, and bathrooms
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 | $163.1k | $21.96 |
| − Vacancy | −$22.8k | −$3.07 |
| EGI | $140.3k | $18.89 |
| − OpEx | −$35.1k | −$4.72 |
| NOI | $105.2k | $14.16 |
7,428 SF · lease $21.96/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.50M
$1.32M – $1.75M
NOI $105,212 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,436 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,842
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
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A flexible office building with floor plans supporting office or retail use and updates completed in 2017.
Where is this office building located?
The property is located at 5920 100 St SW Lakewood, WA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Entire building available for occupancy or leasing at 7,428 SF; Flexible layout supports owner‑occupancy from approximately 446 SF; 2017 updates include roof, HVAC, finishes, and bathrooms
