Storefront Property with Rear
New
For Sale
Contact for pricing
8816 Bridgeport Way SW, Tacoma, WA 98499
Neighborhood Commercial 2 zoning accompanies rear storage and a dedicated outdoor yard.
Property Size11,160 SF
Price / SF$143.28
Days on Market4
Property Features for 8816 Bridgeport Way SW
General Information
Standard status
Active
Size
11,160 SF
Property subtype
RETAIL
Zoning
Neighborhood Commercial 2
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Land Use
retail, showroom
Listing Agency:
First Western Properties - Tacoma, Inc.
(253) 472-0404
Listed By:
Jacob Fors · License #23033784
(253) 880-2462
Source:
Moodyscre
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 10 at 3:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of First Western Properties - Tacoma, Inc.
Investment Insights
Based on property information with market context.
This three-parcel storefront property includes retail or showroom frontage, rear storage, and a dedicated yard for equipment, materials, or outdoor storage. The offering totals 11,160 square feet and lies within the Neighborhood Commercial 2 zoning district.
The property fronts Bridgeport Way SW near Steilacoom Blvd SW. Retail businesses, services, and residential areas are present in the surrounding commercial district, with access to transportation routes across the South Sound.
The property fronts Bridgeport Way SW near Steilacoom Blvd SW. Retail businesses, services, and residential areas are present in the surrounding commercial district, with access to transportation routes across the South Sound.
Key Highlights
- Three‑parcel offering totaling 11,160 square feet
- Neighborhood Commercial 2 zoning district
- Retail or showroom frontage with rear storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,288
Cap Rate
8.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,685,760
$2.7M
Cap Rate 7%
$1,918,400
$1.9M
Cap Rate 9%
$1,492,089
$1.5M
Market Conditions
NOI Build-Up for 11,160 SF
Gross rent
$200.9K $18.00/SF
− Vacancy
−$9.0K −$0.81/SF
EGI
$191.8K $17.19/SF
− OpEx
−$57.6K −$5.16/SF
NOI
$134.3K $12.03/SF
Area
Tacoma, WA
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,685,760
Cap Rate 7%
$1,918,400
Cap Rate 9%
$1,492,089
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,288 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $240,119 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,881
Businesses Nearby
1.1M
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 29%
Dining 29%
Apparel 15%
Superstores 11%
Target
Superstores
114,713 visits/mo
0.4 miles
Safeway
Groceries
72,520 visits/mo
0.4 miles
AMC Lakewood Mall 12
Leisure
55,575 visits/mo
0.4 miles
Dollar Tree
Shops & Services
53,364 visits/mo
0.3 miles
Chick-fil-A
Dining
43,203 visits/mo
0.3 miles
Demographics for 98499, WA
33,188
Population
14,683
Households
2.3
Avg Household Size
35
Median Age
19%
College-Educated
85%
High-School Grad
8.8 sq mi
ZIP Area
3,771
Density / Sq Mi
$65,000
Median Household Income
$41,345
Median Earnings
$1,445
Median Rent
$370,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Neighborhood Commercial 2 zoning accompanies rear storage and a dedicated outdoor yard.
Where is this storefront property located?
The property is located at 8816 Bridgeport Way SW Tacoma, WA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Three‑parcel offering totaling 11,160 square feet; Neighborhood Commercial 2 zoning district; Retail or showroom frontage with rear storage
