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    Property profile & analytics

    5202 100Th St SW Lakewood, WA 98499

    • Office Properties & Spaces
    • 4,520 SF
    • 0.54 lot acres
    For Lease
    View listing
    $1,250,000
    Value Estimation
    $1,200,000
    Last Sale
    Jun 15, 2022
    $1,150,000
    Location Intelligence
    Property ID
    US90-1752514
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Ryan Doherty - State Farm Insurance Agent / Motorcycle Insurance Agency / Renter'S Insurance Agency
    • BWL / Spa / Gift Shop
    • 5 Energies of Skin / Herbal Medicine Store
    • Movement Mindset Chiropractic / Chiropractor
    • Senior Helpers / Home Health Care Service / Home Help Service Agency

    Property Details for 5202 100Th St SW

    Year built
    1997
    Construction
    WOOD FRAME
    Lot size
    0.54 lot acres
    Property size
    4,520 SF
    Zone code
    CBD
    Property type
    Office Properties & Spaces
    APN
    5400200081
    APU
    5400200081

    Description

    This exceptional investment opportunity presents a fully occupied, two-story office building totaling 5,143 square feet, situated on a spacious 23,694 square foot lot in Lakewood, Washington. The property, built in 1997, boasts a Class B rating and features four units suitable for various office uses, including creative, medical, and traditional office spaces. Currently operating at 100% occupancy, the building generates a strong net operating income (NOI) of $83,885, representing a 6.85% capitalization rate. A pro-forma NOI of $102,063 projects an impressive 8.33% cap rate, indicating significant potential for increased profitability. Key features include an elevator, sprinkler system, prominent building and street signage, ample parking, attractive landscaping, and convenient access to I-5 via 100th Street SW. The owner currently covers all utilities

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,200,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,225,000
      6.5%
      $1,290,000
      7%
      $1,100,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,240,000
      Geo Method
      $1,245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,170,000
      Retail
      $995,000
      Mixed-Use
      $1,115,000
      Hospitality
      $1,245,000
      Educational
      $1,190,000
      Residential Income
      $1,245,000
      Energy
      $1,250,000
      Income-Based Land
      $1,115,000
      Food Service
      $1,195,000

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.506
    Latitude
    47.1664
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,503
    $491,300
    $456,800
    $948,100
    -
    $491,300
    $456,800
    $948,100

    Comparable in this City

    • Value Estimation by Request
      3,250 SF

      3620 100th SW St

      OFFICE (GENERAL) • 3,250 SF
      3620 100th SW St, Tacoma, WA 98499-4429
      View Details
    • Value Estimation by Request
      14,949 SF

      3625 Perkins SW Ln

      OFFICE (GENERAL) • 14,949 SF
      3625 Perkins SW Ln, Tacoma, WA 98499-4784
      View Details
    • Value Estimation
      $300,000
      1,132 SF

      10317 Bridgeport SW Way

      OFFICE (GENERAL) • 1,132 SF
      10317 Bridgeport SW Way, Lakewood, WA 98499-2300
      View Details
    • Value Estimation by Request
      6,048 SF

      9881 Bridgeport SW Way

      OFFICE (GENERAL) • 6,048 SF
      9881 Bridgeport SW Way, Lakewood, WA 98499-2805
      View Details
    • Value Estimation by Request
      3,500 SF

      10524 Bridgeport SW Way

      OFFICE (GENERAL) • 3,500 SF
      10524 Bridgeport SW Way, Lakewood, WA 98499-4806
      View Details
    • Value Estimation by Request
      2,900 SF

      9842 Gravelly Lk SW Dr

      OFFICE (GENERAL) • 2,900 SF
      9842 Gravelly Lk SW Dr, Lakewood, WA 98499-1704
      View Details

    Similar Nearby for Sale

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      Iconic bank building, high visibility, ample parking.
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      Lakewood Office Condo - $415K

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      Lakewood Office Building For Sale

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

      Multi-tenant medical office, great potential
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      Medical Campus with Development Potential

      Well-maintained medical campus in Lakewood with development opportunities.
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      Three-Story Office Condo For Sale

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    Similar Nearby for Lease

    • Contact for pricing
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      Office/Medical Space on Steilacoom Blvd

      Well-maintained office/medical space with excellent visibility and access.
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    • $19 SF/Yr
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      Office/Retail Building with Ample Parking

      Office/retail building with strong demographics and excellent traffic.
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    • $26 SF/Yr
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      Medical Office Building For Lease

      7,910 SF medical office building with ample parking.
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    • $26 SF/Yr
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      Gerling Professional Center: Tacoma Office Space

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      Lakewood Office Space For Rent

      Main floor office suite available October 1, 2025.
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      View Details
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    5202 100Th St SW
    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
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