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    5926 100Th St Tacoma, WA 98499
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    5926 100Th St Tacoma, WA 98499

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    • Office properties & Spaces
    • 1,125 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 5926 100Th St

    Year built
    1972
    Property size
    1,125 SF
    Property type
    Office properties & Spaces

    Description

    This 1,125 square foot condominiumized office space presents a compelling opportunity in the heart of Lakewood, Washington. Located near Lakewood Towne Center, this Class B property offers convenient access to Interstate 5 and Highway 512, ensuring excellent commuter access. Built in 1972, the building boasts a well-maintained HVAC system and roof, minimizing future maintenance concerns. Currently vacant, this space is ideal for a small professional business owner-user seeking a move-in ready location. The property features separately metered utilities for efficient cost management. Zoned for Central Business District (CBD) use, this property offers significant flexibility. The asking price is $415,000, representing a strong 8.4% capitalization rate, making it an attractive investment opportunity. The property's address is 5926 100th St SW, Tacoma, WA 98499 (Pierce County), with APN 5135000048. This is a traditional office space suitable for executive use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.517
    Latitude
    47.1661

    Comparable in this City

    • Value Estimation
      $1,175,000
      7,036 SF

      11020 Tacoma Way

      OFFICE (GENERAL) • 7,036 SF
      11020 Tacoma Way, Tacoma, WA 98499-4687
      View Details
    • Value Estimation
      $735,000
      4,223 SF

      8960 Gravelly Lk SW Dr

      OFFICE (GENERAL) • 4,223 SF
      8960 Gravelly Lk SW Dr, Lakewood, WA 98499-3110
      View Details
    • Value Estimation
      $5,370,000
      23,932 SF

      6019 Lk Grv SW St

      OFFICE (GENERAL) • 23,932 SF
      6019 Lk Grv SW St, Tacoma, WA 98499-2761
      View Details
    • Value Estimation
      $760,000
      4,846 SF

      9904 Sales S Rd

      OFFICE (GENERAL) • 4,846 SF
      9904 Sales S Rd, Lakewood, WA 98499-8896
      View Details
    • Value Estimation
      $745,000
      4,160 SF

      10910 26th S Ave

      OFFICE (GENERAL) • 4,160 SF
      10910 26th S Ave, Lakewood, WA 98499-8854
      View Details
    • Value Estimation
      $1,125,000
      7,322 SF

      10013 59th SW Ave

      OFFICE (GENERAL) • 7,322 SF
      10013 59th SW Ave, Lakewood, WA 98499-2757
      View Details

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    Similar Nearby for Lease

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      900 SF

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      7,910 SF

      Medical Office Building For Lease

      7,910 SF medical office building with ample parking.
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    • $17 SF/Yr

      Former Bank Building with Mezzanine

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      Lakewood Flex Space Available Now

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      7,262 SF

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    Tacoma, WA 98499
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    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
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