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Property profile & analytics
OFF-MARKET
Commercial land
7424 Bridgeport W Way Lakewood, WA 98499-8120
Individually Owned
7-yr Hold
Free & Clear
Property ID
US90-0928398
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.78 ac (34,017 SF)
Zoning code
NC2
APN
220263046
UPID
US90-0928398
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
Current use
Occupant on record · Public records
-
Sea Mar Community Health Center Lakewood, WA 98499 Medical Clinic
-
Sea Mar Lakewood Dental Clinic Dental Office
-
Baby Catchers Medical Clinic
-
Bridgeport Professional Center Business Service Center Corporate Office
-
Edward Jones - Financial Advisor: Mary L Almonte Financial Advisor
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
Sea-mar Cmnty Health Ctr · 7 yrs held
Sea-mar Cmnty Health Ctr
since 2019
4 recorded transactions
Zoning & alternative use
NC2 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Neighborhood Commercial 2 zoning district is intended to foster a sense of urban community in Lakewood The district provides for a concentrated mix of activities, including residential, retail, office, and local services, which may serve the surrounding neighborhood or may serve more than one neighborhood and attract people from other areas
Zone name
Neighborhood Commercial 2
General category
COMMERCIAL
Zone area
268.38 ac
Source
Realmo
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
$7,565
Tax year 2024
Assessed value
$666,400
Assessed 2024
Previous assessed
$666,400
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$666,400
Land market value
$666,400
Total market value
$666,400
Applied tax rate
760.0000
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
Heating
NONE
Lot
0.78 ac (34,017 SF)
Zoning code
NC2
APN
220263046
UPID
US90-0928398
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
NC2 · Lakewood, WAZoning NC2 · permitted uses
NC2 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Neighborhood Commercial 2 zoning district is intended to foster a sense of urban community in Lakewood The district provides for a concentrated mix of activities, including residential, retail, office, and local services, which may serve the surrounding neighborhood or may serve more than one neighborhood and attract people from other areas
Zone name
Neighborhood Commercial 2
General category
COMMERCIAL
Zone area
268.38 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.78 ac
Current owner
From public records · entity-resolved
Sea-mar Cmnty Health Ctr
Individual
Free & Clear · 7 yrs held
Mailing address
1040 S HENDERSON ST, SEATTLE, WA 98108-4720
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2019
$7,250,000
Sea-mar Cmnty Health Ctr
Bobetkids Properties LLC
Warranty Deed
—
Jul 17, 2008
$4,950,000
Bobetkids Properties LLC
Bridgeport 75 Associates
Warranty Deed
$3,000,000 · Rainier Pacific Bank
—
—
Bridgeport 75 Associates
—
Deed Of Trust
related
$200,000 · Frontier Bank
—
—
Bridgeport 75 Associates
—
Deed Of Trust
related
$2,915,000 · Frontier 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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