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Professional Office Building For Sale

9124 Gravelly Lake Drive SW, Lakewood, WA 98499

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For Sale

$899,000

3,885 SF office building with high visibility and upgraded HVAC.

Type:Commercial

Property size:

3,885 SF

Lot size:

0.34 Acres

Price / SF:

$231/SF

HighLights

High‑Visibility Location: Over 20,000 vehicles pass daily at the intersection of Bridgeport Way and Gravelly Lake Dr.
Move‑In Ready: 100% vacant with recently upgraded HVAC and tasteful finishes.
Versatile Office Suites: Four suites suitable for single or multi‑tenant use.
Dual Access and Monument Signage: Access from two major roadways with prominent signage.
Ample Parking: Secured via a cross‑parking easement.
Professional Office Building: 3,885± SF of space.

We can help!

Listing Contact

MARK BERGMAN

For Sale

$899,000

3,885 SF office building with high visibility and upgraded HVAC.

Type:Commercial

Property size:

3,885 SF

Lot size:

0.34 Acres

Price / SF:

$231/SF

Added:: Sep 19, 2023
Days on Market:: 996
Last Refresh:: May 11 at 1:11 am

Property Features for 9124 Gravelly Lake Drive SW

General Information

Standard status: Active
Size: 3,885 SF
Lot size: 0.34 Acres
Property subtype: Commercial

Building Details

Year Built: 1986

We can help!

Listing Contact

MARK BERGMAN

Listing agent MARK BERGMAN

Listing office WINDERMERE PROF PARTNERS

Listing date Sep 19, 2023

Source Corcoran

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 WINDERMERE PROF PARTNERS

HighLights

High‑Visibility Location: Over 20,000 vehicles pass daily at the intersection of Bridgeport Way and Gravelly Lake Dr.
Move‑In Ready: 100% vacant with recently upgraded HVAC and tasteful finishes.
Versatile Office Suites: Four suites suitable for single or multi‑tenant use.
Dual Access and Monument Signage: Access from two major roadways with prominent signage.
Ample Parking: Secured via a cross‑parking easement.
Professional Office Building: 3,885± SF of space.

Overview

This 3,885 square foot professional office building is available for purchase. The building is 100% vacant. It is located at the intersection of Bridgeport Way and Gravelly Lake Drive, offering high visibility with over 20,000 vehicles passing daily. The property features monument signage and dual access from both major roadways. The HVAC system has been recently upgraded. The building includes four office suites suitable for single or multi-tenant use. Parking is provided via a cross-parking easement.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$85.3k	$21.96
− Vacancy	−$11.9k	−$3.07
EGI	$73.4k	$18.89
− OpEx	−$18.3k	−$4.72
NOI	$55.0k	$14.16

3,885 SF · lease $21.96/SF/yr · vacancy 14.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$786.1K

$687.9K – $917.1K (±1% cap)

NOI $55,028 @ 7.0% cap · market cap 6.12%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.05M

$918.1K – $1.22M (±1% cap)

NOI $73,451 @ 7.0% cap · market cap 8.17%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Heather Crittendon Realtor/Tacoma ... Real Estate Agency Fairway Independent Mortgage ... Loan Service Rain City Property ... Property Management Company Tacoma Urban Digs Real Estate Agency Hair Wear By ... Hair Salon

Suggested Use

Location Insight

Map
Local Demand

City: Lakewood
County: Pierce
State: Washington
Longitude: -122.518
Latitude: 47.1733

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For sale
Office buildings
WA
Lakewood
98499
9124 Gravelly Lake Drive SW

What type of property is this?

Office building - 3,885 SF office building with high visibility and upgraded HVAC.

Where is this office building located?

The property is located at 9124 Gravelly Lake Drive SW Lakewood, WA.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: High‑Visibility Location: Over 20,000 vehicles pass daily at the intersection of Bridgeport Way and Gravelly Lake Dr.; Move‑In Ready: 100% vacant with recently upgraded HVAC and tasteful finishes.; Versatile Office Suites: Four suites suitable for single or multi‑tenant use.