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Property profile & analytics
OFF-MARKET Estimated value $700,000
Medical Office Space

5920 100th St Sw Ste 26a Lakewood, WA 98499-2751

2,460 SF 0.18 ac lot Built 1968
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US90-1467826
Property summary
AI-generated overview

This exceptional office property, located at 5920 100th St SW in Lakewood, WA 98499, presents a unique opportunity to lease a full building totaling 13,706 square feet. Currently, all 13,706 square feet are vacant and available for lease. The property, classified as Class B, boasts a prime location within the Lakewood CBD, zoned accordingly. Originally constructed in 1964, the building underwent a significant renovation in 2017, encompassing roof replacement, HVAC system upgrades, interior finish enhancements, and bathroom renovations. The flexible layout allows for various suite sizes, ranging from a minimum of 446 square feet to a maximum contiguous space of 7,428 square feet. The property consists of six individual suites, offering versatility for businesses of different sizes. The property's location within Lakewood offers a blend of existing retail and office tenants, creating a vibrant and established business environment. The Pierce County Assessor's Parcel Numbers (APN) are 5135000030 and 5135000011. This is an ideal opportunity for a business seeking a fully renovated, flexible office space in a thriving Lakewood location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1968
Construction WOOD FRAME
Total area 2,460 SF
Lot 0.18 ac (7,815 SF)
Zoning code CBD
APN 5135000042
UPID US90-1467826
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. James Wilson Pediatrician Physician
  • Energy Massage Alternative Medicine Practice Spa & Massage Center
  • Eye Physicians of Lakewood Physician
  • David Colbeth, REALTOR - Life Point Team at RE/MAX Sound Properties Real Estate Agency
  • RE/MAX Sound Properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$690k
CAP Approach CAP
$535k
Comparable Approach Comparable
$713k
Blend (final) Blend
$700k
Owner & transaction history
100th St Sw LLC · 4 yrs held
100th St Sw LLC
since 2022
Last sale
$689,999
6 recorded transactions
2022
$689,999
1991
$150,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CBD · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $1.1M +55.3%
Auto repair, garage $910,000 +34.4%
Commercial (general) $775,000 +14.6%
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