Financial
Distress signals
Property profile

3615 Steilacoom Blvd SW Lakewood, WA 98499

FOR LEASE
Other office properties
Property ID
US90-1187185
21,250 SF 0.48 ac lot Built 2004
Last sale Nov 2023 · $4,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon
3615 Steilacoom Blvd SW, Lakewood, WA 98499 For Lease
Contact for pricing 1,676 SF available
3615 Steilacoom Blvd SW, Lakewood, WA 98499
View Listing

Property summary

AI-generated overview

The Center Plaza Professional Building at 3615 Steilacoom Blvd SW in Lakewood is a three-story office building containing approximately 21,000 square feet of space. It is located at the intersection of Steilacoom Blvd and South Tacoma Way in Lakewood’s business district and provides street visibility along Steilacoom Blvd. The building includes a modern elevator and is equipped with a fire sprinkler system. A shared surface parking lot provides more than 70 parking spaces.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$36k
Tax billed · 2024
Assessed value$3.30M
Assessed land$772k
Assessed improvement$2.53M
Effective rate1.09%

Value estimate

· Sep 2026
$3.63M
$3.26M – $3.99M
AI approach$3.80M
CAP approach$3.89M
Submarket $/SF estimate$5.28M
NOI build-up
Gross scheduled income$37k
Vacancy & credit loss−$5k
Operating expenses−$8k
NOI · 118,695.00% cap applied$24k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$315/SF
ZIP average, outlier-cleaned · 46 recorded sales of this use type
Observed band · Q1–Q3$178 – $520

Cap rate analysis

How does the asset earn?
118,695.00%
$24k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
The Commercial zoning districts promote employment, services, retail, and business uses serving and linking neighborhoods to Lakewood's m...
General categoryCOMMERCIAL
JurisdictionPIERCE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.7
Gym & Fitness12.1
Pharmacy10.1

Location

3615 Steilacoom Blvd SW Lakewood, WA 98499
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10209 Bridgeport SW, Lakewood, WA 98499-2320 $2,400,000 Jul 2025 15,000 SF
10025 Lakewood SW, Lakewood, WA 98499-3878 $2,625,000 Jul 2025 5,461 SF
9307 Bridgeport SW, Lakewood, WA 98499-1570 $1,150,000 Dec 2024 4,507 SF
5509 Arrowhead SW, Tacoma, WA 98499-3058 $2,800,000 Mar 2024 12,425 SF
7727 40th SW, Lakewood, WA 98499 $3,300,000 Jun 2022 7,980 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message