Lakewood Medical Office
9101 Bridgeport Way SW, Tacoma, WA 98499
Well-maintained medical complex in a desirable location.
Type:Office
Property size:
14,400 SFLot size:
1.50 AcresPrice / SF:
$274/SF- Added:
- Jun 5, 2024
- Days on Market:
- 763
- Last Refresh:
- Jul 5 at 8:48 am
Property Features for 9101 Bridgeport Way SW
General Information
- Standard status
- Active
- Size
- 14,400 SF
- Lot size
- 1.50 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1972
Listing office Johnson Commercial - Lakewood
Listing date Jun 5, 2024
Source Crexi
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 Johnson Commercial - Lakewood
HighLights
- Stately, well‑maintained medical complex in a park‑like setting.
- Located in the desirable Central Business District (CBD) zone, close to Lakewood Towne Center and Lakewood Colonial Center.
- Four buildings totaling approximately 14,400sf with mixed occupancy (three fully tenanted, one space for lease, one building available).
- Large lot (approximately 1.5 acres) with development potential for an additional building.
- Ample, lighted parking lots.
- Close proximity to Kiwanis Park, Interstate‑5, and Hwy 512.
Overview
The Gerling Professional Center is a well-maintained complex primarily occupied by medical tenants. It is situated in a park-like setting at the corner of Bridgeport Way and Gerlings Drive in Lakewood, WA. The complex consists of four buildings on approximately 1.5 acres of land, totaling approximately 14,400 square feet. Building A is 2,800 square feet with an additional unfinished lower floor. Building B is 4,300 square feet. Building C is 2,200 square feet. Building D is 2,800 square feet with an unfinished lower floor of approximately 2,300 square feet. Three of the four buildings are fully tenanted. One space is currently for lease, and one building is currently available for occupancy. Ample, lighted parking lots are located at either end of the complex, with a walkway connecting them. The large lot offers development potential for an additional building at the back. The property is located within the Central Business District (CBD) zone, close to both the Lakewood Towne Center and Lakewood Colonial Center. Kiwanis Park is located next door. Interstate-5 and Hwy 512 are minutes away.
Local Financial Insights For Office B
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 | $388.8k | $27.00 |
| − Vacancy | −$77.8k | −$5.40 |
| EGI | $311.0k | $21.60 |
| − OpEx | −$77.8k | −$5.40 |
| NOI | $233.3k | $16.20 |
14,400 SF · lease $27.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.33M
$2.92M – $3.89M
NOI $233,280 @ 7.0% cap · market cap 5.91%
Second Best
Healthcare Medical
$2.94M
$2.57M – $3.43M
NOI $205,862 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$4.43M
$3.87M – $5.16M
NOI $309,830 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Spencer Daniel J ...
Dental Office
Hayes Michelle
Physician
Similar Places Nearby
- Custer Road Veterinary Clinic — 7616 Custer Rd W, Lakewood, WA 98499
- Chester street animal clinic — lakewood, wa 98499
Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.517715
- Latitude
- 47.18045
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Well-maintained medical complex in a desirable location.
Where is this medical office space located?
The property is located at 9101 Bridgeport Way SW Tacoma, 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: Stately, well‑maintained medical complex in a park‑like setting.; Located in the desirable Central Business District (CBD) zone, close to Lakewood Towne Center and Lakewood Colonial Center.; Four buildings totaling approximately 14,400sf with mixed occupancy (three fully tenanted, one space for lease, one building available).
