Property profile

6923 Lakewood Dr University Place, WA 98467

FOR SALE
Office Units
Property ID
US90-Q013324
Built 2000
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Property summary

AI-generated overview

This is a rare opportunity to own a professional condominium in The Meadow Park condo complex. Located conveniently between University Place & Lakewood, it's close to Hwy-16 & I-5. Perfect location for your thriving business! Adjacent units occupied by high caliber professionals such as attorneys, d ... entists, physicians, counselors, and insurance brokers. Meadow Park Office Condominiums is a highly attractive business park, providing excellent visibility in a high traffic corridor plus plenty of parking as well. Excellent condition. Roof recently replaced. Gas furnace with heat pump, 4 private offices, break room, conference area, reception area, 2 bathrooms, plenty of storage.

Property profile

Verified
Property type Office Units
Year built 2000
UPID US90-Q013324

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6923 Lakewood Dr University Place, WA 98467
University Place metro
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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