7502 Lakewood Dr W $2,499,950

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    7502 Lakewood Dr W Lakewood, WA 98499

    • 0.76 Acres
    • Commercial/Industrial
    Listing# 1466413 | Active

    $2,499,950

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    Days On Market: 82 0 Views
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    Property Details

    Multi Tenant/Investment Property. Lakewood Professional Centers cap rate Is 4.5 %+ with Owner/user potential.The building is in exceptional condition, built in 2002 and maintained to perfection. Long term tenants. Great location, close to other retail and office sites in Lakewood, U.P., Tacoma. Good access to I5 & HW 16.Abundant frontage and monument signage w/50prkg. The Buildings roof, siding, electrical, plumbing,Interior with sprinkler system, ADA access, elevator, all in great condition.

    • General Features
      • County Pierce
      • Zoning Class Commercial
      • Zoning Jurisdiction City
      • Style 61-Comm Bldg Ovr 10K
      • Approx Building SqFt 12,500
      • Approx Whse/Mfg SqFt 0
      • Approx Office SqFt 12,500
      • Total Uncovered Parking 50
      • Total Covered Parking 0
      • Lot Dimensions 310
    • Building Features
      • Exterior Wood Products
      • Foundation Poured Concrete
      • Roof Composition
      • Floor Covering Ceramic Tile, Wall-to-Wall Carpet
      • Features Elevator, Signage Included
    • Property Features
      • Lot Square Footage 33,254
      • Depth of Lot 107
      • Site Frontage 310
      • Expansion Area N
      • Environment Survey N
      • Water-Sewer-Garbage 0
      • Sewer Sewer Connected
      • Sewer Company Pierce County
      • Energy Source Electric
      • Power Company Tacoma
      • Number of Available Pads 0
    • Financials
      • Vacancy Rate 15
      • Total SqFt Rented 0
      • Total Monthly Rent $0
      • Gross Rent Multiplier 0
      • Cap Rate -NOI div LP 4.5
      • Gross Scheduled Income $156,979
      • Gross Adjusted Income $0
      • Total Expenses $40,000
      • NOI $116,000
      • Electrical Expenses $0
      • Tax Expense $19,342
      • Heating Expense $0
      • Insurance Expense $2,520
      • Annual Assoc. Dues $0
      • Other Expenses $0
      • Tax Year 2019

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    Neighborhood

    98499 (Lakewood) Demographics

    34Median Age
    3,326Population Density (per sq. mile)
    27%College Educated
    $37,982 Estimated Median Income
    4,262Estimated Total Home Owners
    8,373Estimated Total Renters
    34% / 66%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    30,630Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $295,000 Median Sales Price
    33 Homes Sold
    0 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,499,950
        8/5/2019 3:11:05 PM Price Reduced Source New Value: $2,499,950 -3.85%
        6/1/2019 6:31:00 PM New in Database Source New Value: $2,600,000

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        This property search is part of the Reliance Network website. Listing information is courtesy of the WA-NWMLS and Reliance Network. Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2019. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental Information has not been verified by agent and should be verified by buyer.