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    9124 Gravelly Lake Dr Lakewood, WA 98499

    Sponsored
    For Sale
    $1,200,000

    Prime Lakewood office, 3,885 SF, 6.5% cap rate.

    Property size:
    3,885 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,885-square-foot office building, located at 9124 Gravelly Lake Dr SW in Lakewood, Washington, presents a compelling investment opportunity. The property, built in 1986 and renovated in 1988, boasts a Class B designation and is currently 100% occupied under a NNN lease. The single-tenant building sits on a 15,008-square-foot lot and features attractive finishes and recently upgraded HVAC systems. Its strategic location offers incredible access and visibility, benefiting from high traffic counts exceeding 20,000 vehicles daily on Bridgeport Way and Gravelly Lake Drive. Monument signage and access are available on both major roadways, enhancing its marketing potential. The property includes ample parking secured by a cross-parking easement. The building is zoned for commercial and office use and comprises three office suites, offering flexibility for multiple uses or tenants should vacancies arise. An adjacent building at 9307 Bridgeport Way SW is also available for sale, presenting the possibility of a campus-style development. The asking price is $1,200,000, with seller financing potentially negotiable. The property's APN is 5130001380.

    Property Features for 9124 Gravelly Lake Dr

    General Information

    Property type
    Medical offices
    Square Feet
    3,885 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1986/1988
    Stories
    1
    Units
    1

    HighLights

    • 3,885 SF office building in Lakewood, WA, on a 15,008 SF lot.
    • Class B building, built in 1986, renovated in 1988, currently 100% occupied under a NNN lease.
    • High visibility location with over 20,000 vehicles daily on nearby major roadways, offering monument signage opportunities.
    • Ample parking with cross‑parking easement. Zoned for commercial/office use; three suites offer flexibility.
    • Asking price: $1,200,000; seller financing may be negotiable. APN: 5130001380.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.5174067
    Latitude
    47.1732515

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    FAQs

    What type of property is this?
    Medical office - Prime Lakewood office, 3,885 SF, 6.5% cap rate.
    Where is this medical office located?
    The property is located at 9124 Gravelly Lake Dr Lakewood, WA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 3,885 SF office building in Lakewood, WA, on a 15,008 SF lot.; Class B building, built in 1986, renovated in 1988, currently 100% occupied under a NNN lease.; High visibility location with over 20,000 vehicles daily on nearby major roadways, offering monument signage opportunities.
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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
    9124 Gravelly Lake Dr Lakewood, WA 98499
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