Lakewood Professional Office
For Sale
$375,000
Pending
5926 100th St SW, Lakewood, WA 98499
Professional/Medical office condo in Lakewood Professional Village, 1,125 SF.
Property Size1,125 SF
Days on Market492
Property Features for 5926 100th St SW
General Information
Standard status
Pending
Size
1,125 SF
Property subtype
Commercial
Building Details
Year Built
1972
Listing Agency:
COLDWELL BANKER COMMERCIAL DANFORTH
Listed By:
DOMINIC TEMMEL · License #102158
(253) 273-6474
Source:
Corcoran
Added: Jun 23, 2025
Changed: Oct 25
Last Checked: Oct 26 at 4:29PM
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 COLDWELL BANKER COMMERCIAL DANFORTH
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Investment Insights
Based on property information with market context.
Located in the Lakewood Professional Village, this 1,125 square-foot office condo is suitable for owner-users. The property is situated in the heart of Lakewood, adjacent to Lakewood Towne Center, with convenient access to I-5 and Highway 512. The unit, identified as #27, is well-maintained. It is suitable for a variety of professional users, including attorneys, accountants, engineers, counselors, medical and dental professionals, estheticians, massage therapists, physical therapists, and other health and wellness practitioners.
Key Highlights
- Excellent owner‑user opportunity for professional/medical practices.
- Prime location in the heart of Lakewood, adjacent to Lakewood Towne Center.
- Convenient access to I‑5 and Highway 512.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,952
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,040
$319.0K
Cap Rate 7%
$227,886
$227.9K
Cap Rate 9%
$177,244
$177.2K
Market Conditions
NOI Build-Up for 1,125 SF
Gross rent
$30.9K $27.48/SF
− Vacancy
−$4.3K −$3.85/SF
EGI
$26.6K $23.63/SF
− OpEx
−$10.6K −$9.45/SF
NOI
$16.0K $14.18/SF
Area
Pierce County, WA
Vacancy
14.00%
Lease Rate
$27.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,040
Cap Rate 7%
$227,886
Cap Rate 9%
$177,244
Alternative Uses
Best Use
Healthcare Medical
$227.9K
$199.4K – $265.9K
NOI $15,952 @ 7.0% cap · market cap 4.25%
Second Best
Office B
$227.6K
$199.2K – $265.6K
NOI $15,935 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$303.9K
$265.9K – $354.5K
NOI $21,270 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,842
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional/Medical office condo in Lakewood Professional Village, 1,125 SF.
Where is this medical office space located?
The property is located at 5926 100th St SW Lakewood, WA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Excellent owner‑user opportunity for professional/medical practices.; Prime location in the heart of Lakewood, adjacent to Lakewood Towne Center.; Convenient access to I‑5 and Highway 512.
