Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6720 Regents Blvd W University Place, WA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for rent with elevator access and high visibility.

    Type:RETAIL
    Property size:
    3,152 SF
    Lot size:
    1.79 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    130
    Last Refresh:
    Apr 1 at 8:37 pm

    Property Features for 6720 Regents Blvd W

    General Information

    Standard status
    Active
    Size
    3,152 SF
    Lot size
    1.79 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 6720 Regents Blvd W Contact us

    We can help!

    Listing Contact
    Sang Lee

    Listing agent Sang Lee

    Listing office Century 21 Real Estate Center

    Listing date Nov 24, 2025

    Source Moodyscre

    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 Century 21 Real Estate Center

    Overview

    University Place Office Space Available

    This 3,152 square-foot office space is available for rent in University Place, WA. The property benefits from heavy traffic and good visibility. Direct access is provided via an elevator. The space is suitable for office uses such as brokerage, loan, escrow, and insurance services.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    University Place
    County
    Pierce
    State
    Washington
    Longitude
    -122.44
    Latitude
    47.2485

    Nearby Similar for Lease

    • Contact for pricing

      Spacious Office Suite For Rent

      Professional office suite in University Place near amenities and freeway.
      2621 70th Ave W, University Place, WA 98466
      View Details
    • Contact for pricing

      University Place Retail Space Available

      Retail space in University Place with high visibility.
      5502 Orchard St W, University Place, WA 98467
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office space for rent with private offices and reception.
      4113 Bridgeport Way W, University Place, WA 98466
      View Details
    • Contact for pricing

      University Place Medical Office Space

      Medical office space in high-visibility University Place location.
      4303 Bridgeport Way W, University Place, WA 98466
      View Details
    • Contact for pricing

      University Place Office Space Available

      813 SF office space with high visibility and parking.
      1905 Bridgeport Way W, University Place, WA 98466
      View Details
    • Contact for pricing

      Office Space with Reception Area

      Office space featuring a reception, wet bar, and private offices.
      4113 Bridgeport Way W, University Place, WA 98466
      View Details
    • Contact for pricing

      University Place Office Space Available

      1,570 SF office space with high visibility and parking.
      1905 Bridgeport Way W, University Place, WA 98466
      View Details
    • Contact for pricing

      Retail Space on Bridgeport Way

      Retail space available in high-traffic University Place location.
      2709 Bridgeport Way W, University Place, WA 98466
      View Details
    • Contact for pricing

      University Place Office Space

      800 SF heated storage space available for rent.
      2709-2811 Bridgeport Way W, University Place, WA
      View Details
    • Contact for pricing

      University Place Warehouse Space Available

      Heated 800 SF storage space for rent.
      2709 Bridgeport Way W, University Place, WA 98466
      View Details
    • $12/mo

      University Place Office Space Available

      1,570 SF office space with high visibility and parking.
      1905 Bridgeport Way W, University Place, WA
      View Details
    • Contact for pricing

      University Place Office Space

      Office building with 6,950 square feet available for rent.
      7350 Cirque Drive West, University Place, WA, 98467
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent with elevator access and high visibility.
    Where is this office units located?
    The property is located at 6720 Regents Blvd W University Place, WA.
    What are key features of this property?
    This property features: Direct access with elevator; Good visibility; Heavy traffic
    (425) 770-7231 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sang Lee
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!