Your AI Navigator in Commercial Real Estate
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

    2518 Bridgeport W Way University Place, WA 98466-4718

    • Medical offices
    • 1,767 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $520,000
    Last Sale
    Oct 31, 2023
    $600,000
    Location Intelligence
    Property ID
    US90-1192246
    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

    • Medical offices

    Property Details for 2518 Bridgeport W Way

    Year built
    1948
    Construction
    WOOD FRAME
    Lot size
    0.15 lot acres
    Property size
    1,767 SF
    Zone code
    NC
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    6255000260
    APU
    6255000260

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $505,000

    • CAP approach

      CAP return
      Estimation
      6%
      $615,000
      6.5%
      $560,000
      7%
      $575,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $625,000
      Geo Method
      $580,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $545,000
      Retail
      $465,000
      Mixed-Use
      $545,000
      Hospitality
      $465,000
      Educational
      $510,000
      Residential Income
      $600,000
      Energy
      $620,000
      Income-Based Land
      $560,000
      Food Service
      $530,000

    Location Insight

    • Map
    • Local Demand
    City
    University Place
    County
    Pierce
    State
    Washington
    Longitude
    -122.537
    Latitude
    47.237
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,485
    $195,100
    $167,200
    $362,300
    -
    $195,100
    $167,200
    $362,300

    Comparable in this City

    • Value Estimation
      $1,585,000
      4,885 SF

      2424 Mildred W St

      MEDICAL BUILDING • 4,885 SF
      2424 Mildred W St, Tacoma, WA 98466-6044
      View Details
    • Value Estimation
      $1,425,000
      5,561 SF

      4620 Bridgeport W Way

      MEDICAL BUILDING • 5,561 SF
      4620 Bridgeport W Way, University Place, WA 98466-4237
      View Details
    • Value Estimation
      $430,000
      1,260 SF

      4606 Bridgeport Way W Ste B

      MEDICAL BUILDING • 1,260 SF
      4606 Bridgeport Way W Ste B, University Place, WA 98466-4200
      View Details
    • Value Estimation
      $7,245,000
      21,069 SF

      7210 40th W St

      MEDICAL BUILDING • 21,069 SF
      7210 40th W St, University Place, WA 98466-4319
      View Details
    • Value Estimation by Request
      3,164 SF

      3708 Bridgeport W Way

      MEDICAL BUILDING • 3,164 SF
      3708 Bridgeport W Way, University Place, WA 98466-4419
      View Details
    • Value Estimation by Request
      2,895 SF

      4303 Bridgeport W Way

      MEDICAL BUILDING • 2,895 SF
      4303 Bridgeport W Way, University Place, WA 98466-4334
      View Details

    Similar Nearby for Sale

    • $1,890,000

      University Place Office Space Available

      Office space for sale in University Place, Washington.
      4109 Bridgeport Way W, University Place, WA 98466
      View Details
    • $1,550,000
      6 SF

      Fircrest Office Building For Sale

      6,480 SF office building on 0.75 acres available.
      6402 South 19Th Street Ct, Tacoma, WA 98466
      View Details
    • $1,995,000

      Income Producing University Place Office

      Well-kept office property in prime University Place location.
      6706-6711 Regents Blvd, Tacoma, WA 98466
      View Details
    • $850,000
      4,740 SF

      Mixed-Use Corner Lot Opportunity

      Prime corner lot with mixed-use potential in University Place.
      8008 27Th Street Ct W, University Place, WA 98466
      View Details
    • $4,750,000
      143,748 SF

      3.3 AC IOS Yard

      3.3 AC IOS Yard available for sale or lease.
      6820 27Th Street Ct W, University Place, WA 98466
      View Details
    • $2,700,000

      University Place Land Opportunity

      Land available in University Place, Washington.
      3303 Bridgeport Way W, University Place, WA 98466
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      1,350 SF

      University Place Office Space Available

      High-visibility office space in University Place with ample parking.
      4303 Bridgeport Way W, University Place, WA 98466
      View Details
    • $995 /Mo
      800 SF

      University Place Office Space

      800 SF heated storage space available for rent.
      2709-2811 Bridgeport Way W, University Place, WA 98466
      View Details
    • $16 SF/Yr
      3,024 SF

      Two-Story Office Space For Rent

      Two-story office space with ample parking and potential storage.
      4019 South Orchard St, Fircrest, WA 98466
      View Details
    • $12 SF/Yr
      1,570 SF

      University Place Office Space Available

      1,570 SF office space with high visibility and parking.
      1905 Bridgeport Way W, University Place, WA 98466
      View Details
    • Contact for pricing
      3,663 SF

      University Place Office Space

      Office space available for rent in University Place, Washington.
      3929 Bridgeport Way W, University Place, WA 98466
      View Details
    • $0.72 SF/Yr
      255,070 SF

      Fife Commerce Center Industrial Facility

      Class A industrial facility with cross-loading dock doors and trailer parking.
      2511 70Th Ave E, Fife, WA 98466
      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.
    2518 Bridgeport W Way
    University Place, WA 98466-4718
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.