Medical Office
For Sale
Contact for pricing
9101 Bridgeport Way SW, Lakewood, WA 98499
Four-building medical office campus with ample lighted parking and multiple tenant spaces on a walk-through site.
Property Size14,400 SF
Lot Size1.50 Acres
Price / SF$274.31
Days on Market1039
Property Features for 9101 Bridgeport Way SW
General Information
Standard status
Active
Size
14,400 SF
Lot size
1.50 Acres
Property subtype
OFFICE
Additional Details
Road Access
Yes
Building Details
Buildings
4
Tenancy
Multi
Listing Agency:
Timothy Johnson Commercial Properties, LLC
(253) 209-9999
Listed By:
Timothy Johnson
(253) 209-9999
Source:
Moodyscre
Added: Sep 26, 2023
Changed: Jul 30
Last Checked: Jul 30 at 2:29AM
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 Timothy Johnson Commercial Properties, LLC
Investment Insights
Based on property information with market context.
Gerling Professional Center is a well-maintained, stately medical office campus in a park-like setting on the corner of Bridgeport Way and Gerlings Drive in Lakewood, WA. The property sits on approximately an acre and a half of land and includes four buildings totaling approximately 14,400 SF.
Building A is 2,800 SF on the main floor. Building B is 4,300 SF. Building C is 2,200 SF. Building D is 2,800 SF on the main floor with a full daylight lower level delivered in shell condition. Of the four buildings, three are fully tenanted and one building is for lease. Ample, lighted parking lots are located at either end of the complex, with a walkway through the property.
The large lot supports development potential for an additional building at the back of the campus.
Building A is 2,800 SF on the main floor. Building B is 4,300 SF. Building C is 2,200 SF. Building D is 2,800 SF on the main floor with a full daylight lower level delivered in shell condition. Of the four buildings, three are fully tenanted and one building is for lease. Ample, lighted parking lots are located at either end of the complex, with a walkway through the property.
The large lot supports development potential for an additional building at the back of the campus.
Key Highlights
- Four‑building medical office campus totaling approximately 14,400 SF
- Approximately one and a half acre site in a park‑like setting
- Building D includes a full daylight lower level in shell condition
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $395.7k | $27.48 |
| − Vacancy | −$55.4k | −$3.85 |
| EGI | $340.3k | $23.63 |
| − OpEx | −$136.1k | −$9.45 |
| NOI | $204.2k | $14.18 |
14,400 SF · lease $27.48/SF/yr · vacancy 14.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.92M
$2.55M – $3.40M
NOI $204,187 @ 7.0% cap · market cap 5.17%
Second Best
Office B
$2.91M
$2.55M – $3.40M
NOI $203,964 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$3.89M
$3.40M – $4.54M
NOI $272,250 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,914
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Four-building medical office campus with ample lighted parking and multiple tenant spaces on a walk-through site.
Where is this medical office space located?
The property is located at 9101 Bridgeport Way SW Lakewood, WA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Four‑building medical office campus totaling approximately 14,400 SF; Approximately one and a half acre site in a park‑like setting; Building D includes a full daylight lower level in shell condition
