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    Property profile & analytics

    9314 Bridgeport Way Lakewood, WA 98499

    • Lifestyle centers
    • 6.79 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 9314 Bridgeport Way

    Lot size
    6.79 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 6.79-acre property presents a prime development opportunity in Lakewood, Washington's Central Business District (CBD). Strategically located at 9314 Bridgeport Way SW, 98499, this site boasts a permitted Central Business District zoning, allowing for substantial development density. Its location offers excellent access to Interstate 5 and public transportation, enhancing its appeal and development potential. The property's proximity to Joint Base Lewis-McChord (JBLM) and various local amenities provides strong economic drivers and ensures a stable market. This makes it ideal for a mixed-use development incorporating residential units and ground-floor commercial space, creating a vibrant, walkable community. Alternatively, the high-density zoning is perfectly suited for a multi-family housing project, addressing both market-rate and affordable housing needs. The combined parcels offer significant development potential, making this a premier investment opportunity in a thriving urban core. Broker co-op is available. This retail-zoned shopping center land is situated in Pierce County, WA, offering unparalleled access to major transportation networks and key economic hubs. The site's strategic location and zoning regulations create a unique opportunity for investors seeking high-return projects in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.521
    Latitude
    47.1722

    Comparable in this City

    • Value Estimation by Request
      47,920 SF

      6008 Mount Tacoma Dr

      Lifestyle centers • 47,920 SF
      6008 Mount Tacoma Dr, Lakewood, WA 98499
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    • Value Estimation by Request
      69,868 SF

      2410 84Th St

      Neighborhood centers • 69,868 SF
      2410 84Th St, Lakewood, WA 98499
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    • Value Estimation
      $1,420,000
      49,600 SF

      4425 100th SW St

      MINI-MALL • 49,600 SF
      4425 100th SW St, Lakewood, WA 98499-5980
      View Details
    • Value Estimation
      $960,000
      13.12 Acres

      2510th S 84th St

      MINI-MALL • 13.12 Acres
      2510th S 84th St, Lakewood, WA 98499
      View Details
    • Value Estimation
      $1,030,000
      28,680 SF

      6020 Main SW St

      SHOPPING CENTER, STRIP CENTER • 28,680 SF
      6020 Main SW St, Tacoma, WA 98499-6506
      View Details
    • Value Estimation
      $740,000
      15,293 SF

      9205 Tacoma Way

      SHOPPING CENTER, STRIP CENTER • 15,293 SF
      9205 Tacoma Way, Lakewood, WA 98499-4464
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • Contact for pricing
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    • $1,695 /Mo
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      Retail Storefront in Prime Location

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      Retail Space in High-Traffic Area

      Retail space with high visibility and convenient access.
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    9314 Bridgeport Way
    Lakewood, WA 98499
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    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
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