6403 Lakewood Dr W University Place, WA 98467
Two-story office building with ample parking near Meadow Park.
- Added:
- Jun 14, 2024
- Days on Market:
- 759
- Last Refresh:
- May 13 at 12:11 am
Property Features for 6403 Lakewood Dr W
General Information
- Standard status
- Active
- Size
- 6,106 SF
- Property subtype
- Office
Building Details
- Year Built
- 1986
Listing office Kidder Mathews Tacoma (253) 779-9292
Listing date Jun 14, 2024
Source Crexi
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
Investment Insights
Based on property information with market context.
Key Highlights
- High‑quality office buildout with numerous private offices, breakroom, conference room, and reception area.
- Ample parking for employees and clients.
- Excellent visibility and accessibility on Lakewood Drive.
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 | $134.1k | $21.96 |
| − Vacancy | −$18.8k | −$3.07 |
| EGI | $115.3k | $18.89 |
| − OpEx | −$28.8k | −$4.72 |
| NOI | $86.5k | $14.16 |
