Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    9120 Bridgeport Way Tacoma, WA 98499

    • Commercial real estate
    • 8,187 SF
    • 0.19 lot acres
    For Sale
    View listing
    $395,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1190957
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 9120 Bridgeport Way

    Lot size
    0.19 lot acres
    Property size
    8,187 SF
    Property type
    Commercial real estate
    APN
    514000-1-480

    Description

    This exceptional 0.188-acre commercial lot, located at 9120 Bridgeport Way SW in Tacoma, Washington (zip code 98499), presents a unique investment opportunity. Priced at $395,000 ($48.25 per square foot), this property boasts 8,187 square feet and is zoned for Central Business District (CBD) use, offering a wide range of development possibilities. Situated at the intersection of Bridgeport Way SW and 93rd St SW, in Lakewood, this corner lot benefits from high visibility and exposure within a bustling retail corridor between Steilacoom Boulevard and Gravelly Lake Drive. Its prime location makes it ideal for a variety of businesses, including a coffee drive-through, and offers exceptional access to major thoroughfares. The parcel number is 514000-1-480. While the information provided is believed to be accurate, prospective buyers are encouraged to conduct their own due diligence. Note that prices and availability are subject to change without notice. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving Tacoma location.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.5189193
    Latitude
    47.1736042

    Comparable in this City

    • $395,000
      8,185 SF

      Lakewood Developable Land For Sale

      Developable land in a bustling retail corridor, ideal for drive-through.
      9120 Bridgeport Way SW, Tacoma, WA 98499
      View Details
    • $1,097,000

      Fully Occupied Retail Strip Investment

      Three-unit retail strip on Pacific Highway with NNN leases.
      12134 Pacific Hwy SW, Lakewood, WA 98499
      View Details
    • $1,995,000
      10,584 SF

      Former Bank Building on Tacoma Way

      Unique mid-century modern building suitable for retail, restaurant, or office.
      8801 South Tacoma Way, Tacoma, WA 98499
      View Details
    • $1,200,000
      20,043 SF

      Lakewood I-5 Retail Development

      High-visibility commercial land, prime location.
      12221-12311 Pacific Hwy, Lakewood, WA 98499
      View Details
    • $1,035,000
      5,192 SF

      Lakewood Commercial Center Investment

      Fully leased NNN investment property in Lakewood, Washington.
      12930 Pacific Hwy SW, Lakewood, WA 98499
      View Details
    • $2,700,000
      40,372 SF

      Standalone Retail Building on Tacoma Way

      40,372 SF retail building with redevelopment options.
      8219 Tacoma Way, Lakewood, WA 98499
      View Details

    Similar Nearby for Sale

    • $395,000
      8,185 SF

      Lakewood Developable Land For Sale

      Developable land in a bustling retail corridor, ideal for drive-through.
      9120 Bridgeport Way SW, Tacoma, WA 98499
      View Details
    • $1,097,000

      Fully Occupied Retail Strip Investment

      Three-unit retail strip on Pacific Highway with NNN leases.
      12134 Pacific Hwy SW, Lakewood, WA 98499
      View Details
    • $1,995,000
      10,584 SF

      Former Bank Building on Tacoma Way

      Unique mid-century modern building suitable for retail, restaurant, or office.
      8801 South Tacoma Way, Tacoma, WA 98499
      View Details
    • $1,200,000
      20,043 SF

      Lakewood I-5 Retail Development

      High-visibility commercial land, prime location.
      12221-12311 Pacific Hwy, Lakewood, WA 98499
      View Details
    • Contact for pricing
      1.23 Acres

      Lakewood Development Land, 1.23 Acres

      Prime Commercial/Residential Lot, Hwy 16 Access
      7505 52Nd Ave, Lakewood, WA 98499
      View Details
    • $189,000
      13,634 SF

      Lakewood Land Parcel Near Park

      Residential lot in Lakewood near park, utilities available, easy access.
      5921 Fairlawn Dr SW, Lakewood, WA 98499
      View Details

    Similar Nearby for Lease

    • $1,695 /Mo
      1,498 SF

      Retail Storefront in Prime Location

      Retail space in Lakewood with high potential and flexible zoning.
      6403 Steilacoom Blvd SW, Lakewood, WA 98499
      View Details
    • $19 SF/Yr
      2,700 SF

      Office/Retail Building with Ample Parking

      Office/retail building with strong demographics and excellent traffic.
      8510-8534 S Tacoma Way, Lakewood, WA 98499
      View Details
    • $21 SF/Yr
      9,100 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and convenient access.
      10019 59Th Ave SW, Lakewood, WA 98499
      View Details
    • $17 SF/Yr
      2,390 SF

      Retail Space on Custer Rd

      2,390 SF retail space in prime location for lease.
      7402-7406 Custer Rd W, Lakewood, WA 98499
      View Details
    • $20 SF/Yr
      51,580 SF

      Historic Building at Busy Intersection

      Iconic retail property with high visibility on a busy corner.
      9514 Gravelly Lake Dr SW | Lakewood, Lakewood, WA 98499
      View Details
    • $18 SF/Yr
      22,035 SF

      Lakewood Flex Space Available

      6,057 SF Flex Space, Great Location
      10310 Tacoma Way, Lakewood, WA 98499
      View Details
    Request Owner's contact information
    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.
    9120 Bridgeport Way
    Tacoma, WA 98499
    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.

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.