5202 100Th StLakewood, WA 98499

Property Details for 5202 100Th St

Year built

1997

Construction

WOOD FRAME

Lot size

0.54 AC

Property size (Sq ft)

4,520 SF

Zone code

CBD

Property type

Office properties

Property subtype

Other office properties

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

• CAP approach

  CAP return

  Valuation

  6%

  $1,223,123

  6.5%

  $1,129,037

  7%

  $1,048,391

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,212,101

  Geo Method

  $870,462

• Alternative Use

  Use

  Valuation

  Residential

  $1,400,006

  Hospitality

  $1,282,398

  Educational

  $1,066,940

  Medical

  $1,103,633

  Retail

  $1,659,684

Location Insight

City

Lakewood

County

Pierce

State

Washington

Latitude

47.1664

Longitude

-122.506

CBSA code

42660

CBSA name

SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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