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    5921 Lake Grove St Lakewood, WA 98499

    For Lease
    $15 SF/Yr ($9,689 /Mo)

    7,285 SF Warehouse, Ample Parking

    Lot size:
    7,285 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This Lakewood, WA warehouse at 5921 Lake Grove St SW offers 3,653 square feet of immediately available space, with an additional 3,632 square feet becoming available in January, totaling 7,285 square feet. The property is zoned CBD and features a convenient location off Bridgeport Way Dr. and Gravelly Lake Dr. SW, boasting high daily traffic counts of 38,000 vehicles. The warehouse itself includes one private office, 18' clear ceiling height, a second-floor mezzanine, and a 12' roll-up door. Excellent monument signage is available. The recently seal-coated and striped parking lot provides ample lighted parking. Easy access is provided from Mt. Tacoma Dr. and Lake Grove St. This multi-tenant industrial property presents a significant opportunity in the heart of Lakewood's central business district. The zip code is 98499.

    Property Features for 5921 Lake Grove St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,285 SF
    Total Rate
    9689.05

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,653 SF
    Rate per SF
    $15

    HighLights

    • 12' Roll‑Up Door
    • Separate Man Door
    • 18' Clear Height
    • Monument Signage
    • Ample Lighted Parking
    • CBD Zoning
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Oasis Asphalt Inc Asphalt Contractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.5168033
    Latitude
    47.1687636

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    FAQs

    What type of property is this?
    Distribution property - 7,285 SF Warehouse, Ample Parking
    Where is this distribution property located?
    The property is located at 5921 Lake Grove St Lakewood, WA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 12' Roll-Up Door; Separate Man Door; 18' Clear Height
    Request Owner's contact information
    5921 Lake Grove St Lakewood, WA 98499
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    Lakewood, WA 98499
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    Realmo Value Estimation

    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.

    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.

    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
    5921 Lake Grove St Lakewood, WA 98499
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