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Property profile & analytics
OFF-MARKET
Commercial land
3554 Bridgeport W Way University Place, WA 98466-4411
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1081660
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
2005
Total area
2,408 SF
Lot
0.78 ac (34,181 SF)
Zoning code
TC
APN
220152042
UPID
US90-1081660
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
City Of Unversity Place · 3 yrs held
City Of Unversity Place
since 2023
Last sale
$157,059
7 recorded transactions
Zoning & alternative use
TC · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs University Place submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs University Place submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$11
Tax year 2024
Assessed value
$325,700
Assessed 2024
Previous assessed
$328,200
-0.8% YoY
Effective rate
0.00%
On assessed value
Assessed land
$325,700
Land market value
$325,700
Total market value
$325,700
Applied tax rate
752.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Stories
1
Bathrooms
2
Total area
2,408 SF
Lot
0.78 ac (34,181 SF)
Zoning code
TC
APN
220152042
UPID
US90-1081660
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
TC · University Place, WAZoning TC · permitted uses
TC · University Place, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2005
Heating
FORCED AIR
Stories
1
Bathrooms
2
Lot
0.78 ac
Current owner
From public records · entity-resolved
City Of Unversity Place
Entity
Mailing address
3609 MARKET PL W STE #200, UNIVERSITY PLACE, WA 98466-4488
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2023
—
City Of Unversity Place
City Of Unversity Place
Intrafamily Transfer
related
—
Sep 15, 2000
—
Tax Deferred Exchange Svcs
Meridian Plaza Associates
Trustees Deed
related
—
Nov 30, 1999
$157,059
Meridian Plaza Associates
Key Bank NA
Grant Deed
—
Dec 31, 1998
$34,057
Key Bank NA
Paek,sung U
Trustees Deed
related
—
Jan 15, 1997
$48,003
Sung U Paek
Paek,sung U
Quit Claim Deed
related
$108,812 · Key Bank Of Washington
Oct 8, 1992
$130,000
Sung U Paek
Unknown
Grant Deed
$53,300 · Seller
—
—
Bruce A Reikow
—
Deed Of Trust
related
$135,526 · Meridian Plaza Associates
—
—
Bruce E Reikow
—
Deed Of Trust
related
$160,000 · Venture Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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