Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1905 Bridgeport Way W University Place, WA 98466

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $813 /Mo ($12 SF/Yr)

    813 SF office space with high visibility and parking.

    Property size:
    813 SF
    Lot size:
    813 SF

    Property Features for 1905 Bridgeport Way W

    General Information

    Standard status
    Active
    Size
    813 SF

    Building Details

    Year built
    2002

    We can help!

    Listing Contact
    Brian Seung Shin
    Source: Corcoran

    Listing Agency: TS PROPERTY MANAGEMENT, INC. Listing Agent: Brian Seung Shin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    University Place Office Space Available

    This is an 813 square foot office space located on the second floor. The property is situated on Bridgeport Way W and S 19th St, offering high visibility. The space features a wide open floor plan and includes on-site parking. It provides easy access to Hwy 16 and is within walking distance of TCC.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    University Place
    County
    Pierce
    State
    Washington
    Longitude
    -122.5363247
    Latitude
    47.2423755

    Nearby Similar for Lease

    • $995 /Mo
      800 SF

      University Place Office Space

      800 SF heated storage space available for rent.
      2709-2811 Bridgeport Way W, University Place, WA 98466
      View Details
    • $3,412 /Mo
      1,780 SF

      University Place Retail Space Available

      Retail space in University Place with high visibility.
      5502 Orchard St W, University Place, WA 98467
      View Details
    • $3,975 /Mo
      2,650 SF

      Spacious Office Suite For Rent

      Professional office suite in University Place near amenities and freeway.
      2621 70Th Avenue Ct W, University Place, WA 98466
      View Details
    • $1,570 /Mo
      1,570 SF

      University Place Office Space Available

      1,570 SF office space with high visibility and parking.
      1905 Bridgeport Way W, University Place, WA 98466
      View Details
    • $2,700 /Mo
      1,350 SF

      University Place Medical Office Space

      Medical office space in high-visibility University Place location.
      4303 Bridgeport Way W, University Place, WA 98466
      View Details
    • $8,928 /Mo
      4,658 SF

      Class A Office Near Golf

      Class A office space adjacent to Cirque Bridgeport Park.
      7350 Cirque Dr W, University Place, WA 98467
      View Details
    • $442 /Mo
      1,744 SF

      Office Space with Reception Area

      Office space featuring a reception, wet bar, and private offices.
      4113 Bridgeport Way W, University Place, WA 98466
      View Details
    • $1,775 /Mo
      1,324 SF

      Professional Office Space Available

      Office space for rent with private offices and reception.
      4113 Bridgeport Way W, University Place, WA 98466
      View Details
    • $1,464 /Mo
      780 SF

      Retail Space on Bridgeport Way

      Retail space available in high-traffic University Place location.
      2709 Bridgeport Way W, University Place, WA 98466
      View Details
    • $3,897 /Mo
      2,033 SF

      Class A Office Space Available

      Class A office space for rent near golf courses.
      7350 Cirque Dr W, University Place, WA 98467
      View Details
    • $5,031 /Mo
      2,625 SF

      Class A Office Space Available

      Class A office space for rent near Chambers Bay Golf.
      7350 Cirque Dr W, University Place, WA 98467
      View Details
    • $995 /Mo
      800 SF

      University Place Warehouse Space Available

      Heated 800 SF storage space for rent.
      2709 Bridgeport Way W, University Place, WA 98466
      View Details

    FAQs

    What type of property is this?
    Office units - 813 SF office space with high visibility and parking.
    Where is this office units located?
    The property is located at 1905 Bridgeport Way W University Place, WA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - High visibility location on Bridgeport Way W and S 19th St.; - Easy access to Hwy 16.; - Onsite parking.
    Request Owner's contact information
    1905 Bridgeport Way W University Place, WA 98466
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1905 Bridgeport Way W
    University Place, WA 98466
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    1905 Bridgeport Way W University Place, WA 98466
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brian Seung Shin
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!