Office Building with I-5
For Sale
$1,549,500
6403 Lakewood Dr W, Tacoma, WA 98467
Office building offering excellent visibility and convenient I-5 access.
Property Size6,104 SF
Price / SF$253.85
Days on Market233
Property Features for 6403 Lakewood Dr W
General Information
Standard status
Active
Size
6,104 SF
Class
B
Property subtype
Office
Building Details
Building Size
6,104 SF
Year Built
1986
Buildings
1
Listing Agency:
Kidder Mathews - Tacoma
Listed By:
Jerome O'Leary · License #9685
(253) 779-9292
Source:
Kidder
Added: Mar 8
Changed: Oct 25
Last Checked: Mar 26 at 9:48AM
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 Kidder Mathews - Tacoma
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property, suitable for office use, offers 6,104 square feet of space. The building benefits from excellent visibility and convenient access to I-5.
Key Highlights
- I‑5 access
- Excellent visibility
- Year Built: 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,885
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,977,700
$2.0M
Cap Rate 7%
$1,412,643
$1.4M
Cap Rate 9%
$1,098,722
$1.1M
Market Conditions
NOI Build-Up for 6,104 SF
Gross rent
$164.8K $27.00/SF
− Vacancy
−$33.0K −$5.40/SF
EGI
$131.8K $21.60/SF
− OpEx
−$33.0K −$5.40/SF
NOI
$98.9K $16.20/SF
Area
Tacoma, WA
Vacancy
20.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,977,700
Cap Rate 7%
$1,412,643
Cap Rate 9%
$1,098,722
Alternative Uses
Best Use
Office B
$1.41M
$1.24M – $1.65M
NOI $98,885 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,334 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Explore this area
Business Placement
Demographics for 98467, WA
16,512
Population
6,718
Households
2.5
Avg Household Size
39
Median Age
42%
College-Educated
95%
High-School Grad
4.8 sq mi
ZIP Area
3,440
Density / Sq Mi
$90,586
Median Household Income
$48,802
Median Earnings
$1,566
Median Rent
$580,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Office building offering excellent visibility and convenient I-5 access.
Where is this office building located?
The property is located at 6403 Lakewood Dr W Tacoma, WA.
What is the asking price?
The asking price for this property is $1,549,500.
What are key features of this property?
This property features: I‑5 access; Excellent visibility; Year Built: 1986
