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Property profile & analytics
OFF-MARKET
Estimated value
$6,810,000
Outlet malls
3905 Bridgeport W Way University Place, WA 98466-4417
Entity Owned
13-yr Hold
Free & Clear
Property ID
US90-0845454
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
46,253 SF
Lot
5.65 ac (246,114 SF)
Zoning code
TC
APN
220151081
UPID
US90-0845454
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
$8.56M
Comparable Approach
Comparable
$4.92M
Blend (final)
Blend
$6.81M
Owner & transaction history
Abs Wa-gl LLC · 13 yrs held
Abs Wa-gl LLC
since 2013
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,275,000
6.5%
$8,560,000
7%
$7,950,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$11,320,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$6.81M
Range $6.13M – $7.49M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$147 / SF
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
$114,650
Tax year 2024
Assessed value
$8,775,100
Assessed 2024
Previous assessed
$8,775,100
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$3,412,200
Assessed improvement
$5,362,900
Land market value
$3,412,200
Improvement market value
$5,362,900
Total market value
$8,775,100
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Total area
46,253 SF
Lot
5.65 ac (246,114 SF)
Zoning code
TC
APN
220151081
UPID
US90-0845454
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$11.3M
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
5.65 ac
Current owner
From public records · entity-resolved
Abs Wa-gl LLC
Entity
Free & Clear · 13 yrs held
Mailing address
3803 BRIDGEPORT WAY W, UNIVERSITY PLACE, WA 98466-4415
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2017
—
Up Cornerstone LLC
—
Grant Deed
related
$10,400,000 · Harborstone Cu
Jan 21, 2015
—
Apple Washington LLC
—
Grant Deed
related
$622,000,000 · Bank Of America
Jun 5, 2014
—
Abs Wa-gl LLC
—
Loan Modification, Consolidation And Extension
related
$1,440,111,240 · Citibank
Mar 27, 2013
—
Abs Wa-gl LLC
Albertsons LLC
Grant Deed
—
Nov 30, 2010
—
Up Cornerstone LLC
Wwr Properties
Quit Claim Deed
related
—
Sep 30, 2010
—
Up Cornerstone LLC
Wwr Properties
Grant Deed
related
$6,500,000 · Genworth Life & Annuity Ins Co
—
—
Abs Wa-gl LLC
—
Loan Modification
related
$1,450,000,000 · Citibank NA
—
—
Abs Wa-gl LLC
—
Deed Of Trust
related
$850,000,000 · Bank Of America
—
—
Abs Wa-gl LLC
—
Deed Of Trust
related
$1,150,000,000 · Citibank NA
—
—
Kanga INC
—
Deed Of Trust
related
$300,000 · S & A Co
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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