9124 Gravelly Lake Dr SW Tacoma, WA 98499
3,885 SF professional office building with high visibility.
- Added:
- Apr 10, 2024
- Days on Market:
- 824
- Last Refresh:
- May 13 at 8:24 pm
Property Features for 9124 Gravelly Lake Dr SW
General Information
- Standard status
- Active
- Size
- 3,885 SF
- Property subtype
- Office
Building Details
- Year Built
- 1986
Listing office Windermere Professional Partners- Narrows (253) 988-3756
Listing date Apr 10, 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 Windermere Professional Partners- Narrows
Investment Insights
Based on property information with market context.
Key Highlights
- High‑visibility location at Bridgeport Way and Gravelly Lake Dr with over 20,000 daily traffic count.
- 100% vacant, move‑in‑ready 3,885± SF professional office building.
- Four versatile office suites suitable for single or multi‑tenant use.
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 | $104.9k | $27.00 |
| − Vacancy | −$21.0k | −$5.40 |
| EGI | $83.9k | $21.60 |
| − OpEx | −$21.0k | −$5.40 |
| NOI | $62.9k | $16.20 |
