Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$16,820,000
Outlet malls
6305 Bridgeport W Way University Place, WA 98467-5117
Individually Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1607947
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
72,593 SF
Lot
10.29 ac (448,232 SF)
Zoning code
NC
APN
4001700690
UPID
US90-1607947
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
$13.44M
Comparable Approach
Comparable
$17.88M
Blend (final)
Blend
$16.82M
Owner & transaction history
University Place · 21 yrs held
University Place
since 2004
3 recorded transactions
Zoning & alternative use
NC · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$26.8M
+22.3%
Commercial (general)
$22.4M
+2.1%
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%
$14,560,000
6.5%
$13,440,000
7%
$12,480,000
Alternative Use
Use
Estimation
RETAIL STORES
$21,920,000
Current use
AUTO REPAIR, GARAGE
$26,810,000
Change: +22% · Conversion: Difficult
COMMERCIAL (GENERAL)
$22,380,000
Change: +2% · Conversion: Easy
WAREHOUSE, STORAGE
$21,750,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$17,765,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$16.82M
Range $15.14M – $18.50M · ±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
$232 / 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
$293,854
Tax year 2024
Assessed value
$23,860,900
Assessed 2024
Previous assessed
$23,860,900
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$10,454,700
Assessed improvement
$13,406,200
Land market value
$10,454,700
Improvement market value
$13,406,200
Total market value
$23,860,900
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
72,593 SF
Lot
10.29 ac (448,232 SF)
Zoning code
NC
APN
4001700690
UPID
US90-1607947
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NC · University Place, WA
Zoning NC · permitted uses
NC · University Place, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
University Place. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$21.9M
AUTO REPAIR, GARAGE
Est. value
$26.8M
COMMERCIAL (GENERAL)
Est. value
$22.4M
WAREHOUSE, STORAGE
Est. value
$21.8M
MEDICAL BUILDING
Est. value
$17.8M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
10.29 ac
Current owner
From public records · entity-resolved
University Place
Individual
Free & Clear · 21 yrs held
Mailing address
1014 VINE ST, CINCINNATI, OH 45202-1141
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2004
—
University Place
Fred Meyer Stores INC
Quit Claim Deed
related
—
Apr 7, 2003
$12,259,425
Fred Meyers Stores INC
Co,wilmington Tr
Grant Deed
—
Feb 22, 1999
$3,925,871
Wilmington Trust
Mcguire,brian P
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6305 Bridgeport W Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
