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    5712 Main SW St Lakewood, WA 98499-6522
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    Property profile & analytics

    5712 Main SW St Lakewood, WA 98499-6522

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    • Office Spaces
    • 39,694 SF
    • 0.96 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Lakewood Office Space For Rent For Lease
    $18 SF/Yr
    1,705 SF

    Lakewood Office Space For Rent

    Office space in newer building near Lakewood Towne Center.

    5712 Main Street Southwest, Lakewood, WA
    View Listing
    Property ID
    US90-1394061
    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.
    Value Estimations
    $11,360,000
    Cap Rate Potential
    3.2%
    Office Spaces
    Location Intelligence

    Current Use by Public Records

    • Humana Health Insurance / Insurance Agency
    • Career Path Services / Business Service Center / Employment Agency
    • O&T Portable Potty Solutions / Building Supply
    • Board of Industrial Insurance Appeals / State Government Office
    • Right Pro Cool & Heat / HVAC Service / General Contractor

    Property Details for 5712 Main SW St

    Year built
    2007
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.96 lot acres
    Property size
    39,694 SF
    Zone code
    CBD
    Property type
    Office Spaces
    APN
    4001880096
    APU
    4001880096

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $14,895,000
      ML approach
      $11,550,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,860,000
      6.5%
      $7,255,000
      7%
      $6,735,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,060,000
      Market price range: $2.52M - $8.57M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $12,485,000
      Current use
      RESTAURANT
      $18,285,000
      Change: +46% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $16,920,000
      Change: +36% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $16,755,000
      Change: +34% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $15,460,000
      Change: +24% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $14,645,000
      Change: +17% Conversion: Difficult
      MEDICAL BUILDING
      $10,895,000
      Change: -13% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.514
    Latitude
    47.1612
    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
    $106,814
    $1,029,200
    $8,983,700
    $10,012,900
    -
    $1,029,200
    $8,983,700
    $10,012,900

    Comparable in this City

    • Value Estimation by Request
      6,284 SF

      8801 Tacoma Way

      Individual retail properties • 6,284 SF
      8801 Tacoma Way, Tacoma, WA 98499
      View Details
    • Value Estimation
      $1,315,000
      7,551 SF

      5705 Main SW St

      OFFICE (GENERAL) • 7,551 SF
      5705 Main SW St, Tacoma, WA 98499-6508
      View Details
    • Value Estimation
      $1,470,000
      8,820 SF

      6111 100th SW St

      OFFICE (GENERAL) • 8,820 SF
      6111 100th SW St, Lakewood, WA 98499-2776
      View Details
    • Value Estimation
      $1,455,000
      12,700 SF

      6330 111th SW St

      OFFICE (GENERAL) • 12,700 SF
      6330 111th SW St, Lakewood, WA 98499-1304
      View Details
    • Value Estimation by Request
      1,456 SF

      3624 Steilacoom SW Blvd

      OFFICE (GENERAL) • 1,456 SF
      3624 Steilacoom SW Blvd, Tacoma, WA 98499-4548
      View Details
    • Value Estimation by Request
      2,544 SF

      7520 Bridgeport W Way

      OFFICE (GENERAL) • 2,544 SF
      7520 Bridgeport W Way, Lakewood, WA 98499-8377
      View Details

    Similar Nearby for Sale

    • $625,000

      Commercial Lot Near Sound Transit

      Commercial lot suitable for retail or multifamily development.
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      Lakewood Center Plaza Professional Building

      Three-story office building in Lakewood's business district.
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      Paved, Fenced Lakewood Industrial Property

      Versatile industrial property with live/work potential in Lakewood, Washington.
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    • $675,000
      3,607 SF

      Three-Story Office Condo For Sale

      Three-story office condo with two units, one leased.
      3815 100Th St SW, Lakewood, WA 98499
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    • $4,100,000
      2,700 SF

      Office/Retail Building with Ample Parking

      Office/retail building with strong demographics and excellent traffic.
      8510-8534 S Tacoma Way, Lakewood, WA 98499
      View Details
    • Contact for pricing

      Lakewood Retail/Office Space Available

      Retail or office space on Bridgeport Way near Wal-Mart.
      7521 Bridgeport Way W, Lakewood, WA 98499
      View Details

    Similar Nearby for Lease

    • $2,238 /Mo
      1,946 SF

      Lakewood Flex Space Available Now

      Flex space with office, GL door, available for rent.
      10025 Tacoma Way, Lakewood, WA 98499
      View Details
    • $17 SF/Yr

      Former Bank Building with Mezzanine

      Former bank building featuring high ceilings and drive-through lanes.
      8801 South Tacoma Way, Tacoma, WA 98499
      View Details
    • Contact for pricing
      900 SF

      Lakewood Office Space For Lease

      Office space available for lease in Lakewood, Washington.
      11318 Bridgeport Way SW, Lakewood, WA 98499
      View Details
    • $2,558 /Mo
      1,705 SF

      Lakewood Office Space Available

      Office space for lease in newer building near Lakewood.
      5712 Main St SW, Lakewood, WA 98499
      View Details
    • $2,558 /Mo
      1,705 SF

      Lakewood Office Space Available

      Office space for lease in newer building near Lakewood amenities.
      10223 Gravelly Lake Dr SW, Lakewood, WA 98499
      View Details
    • $4,395 /Mo
      2,930 SF

      Medical Office Space Available

      2,930 SF medical office space for lease.
      8907 Gravelly Lake Dr SW, Lakewood, WA 98499
      View Details
    View Listing
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    5712 Main SW St
    Lakewood, WA 98499-6522
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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.

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    5712 Main SW St, Lakewood, WA, 98499
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