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    9120 Bridgeport Way SW Tacoma, WA 98499
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    9120 Bridgeport Way SW Tacoma, WA 98499

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    • Commercial land
    • 8,187 SF
    For Sale
    $395,000
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    Lakewood Developable Land For Sale For Sale
    $395,000
    8,187 SF

    Lakewood Developable Land For Sale

    Developable land in a high-traffic retail corridor, excellent visibility.

    9120 Bridgeport Way SW, Tacoma, WA 98499
    View Listing
    Property ID
    US90-1190957
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 9120 Bridgeport Way SW

    Property size
    8,187 SF
    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    This developable land is located at the intersection of Bridgeport Way SW and 93rd St. SW in Lakewood, WA. It boasts a highly desirable location within a bustling retail corridor between the main thoroughfares of Steilacoom Blvd and Gravelly Lake Dr. SW. Its prime location makes it an excellent choice for the establishment of a coffee drive through. However, the Central Business District Zoning (CBD) allows for a wide range of other uses. The property offers exceptional visibility and exposure, further enhancing its appeal for potential businesses seeking a strategic and lucrative location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.51514
    Latitude
    47.16918

    Comparable in this City

    • Contact for pricing

      Lakewood Office and Land Opportunity

      Office space and industrial land near I-5 in Lakewood, WA.
      11221 Pacific Hwy SW, Lakewood, WA 98499
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      Commercial Lot For Sale

      Commercial lot available for sale in Lakewood, WA.
      100Th St SW, Lakewood, WA 98499
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    • $1,000,000
      130,507 SF

      High-Visibility Commercial Land Parcel

      Commercial land with high traffic and flexible zoning.
      12221-12321 Pacific Hwy SW, Lakewood, WA 98499
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    • $1,000,000

      High-Visibility Commercial Land Parcel

      Commercial land with significant frontage and high traffic exposure.
      12221-12311 Pacific Hwy SW, Lakewood, WA 98499
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      Lakewood Commercial Land Opportunity

      1.23 acre commercial land parcel in Lakewood, WA for sale.
      7505 52Nd Ave W, Lakewood, WA 98499
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    • $625,000

      Commercial Lot Near Sound Transit

      Commercial lot suitable for retail or multifamily development.
      11618 Pacific Hwy SW, Lakewood, WA 98499
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    Similar Nearby for Sale

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      Lakewood Office and Land Opportunity

      Office space and industrial land near I-5 in Lakewood, WA.
      11221 Pacific Hwy SW, Lakewood, WA 98499
      View Details
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      Commercial Lot For Sale

      Commercial lot available for sale in Lakewood, WA.
      100Th St SW, Lakewood, WA 98499
      View Details
    • $1,000,000
      130,507 SF

      High-Visibility Commercial Land Parcel

      Commercial land with high traffic and flexible zoning.
      12221-12321 Pacific Hwy SW, Lakewood, WA 98499
      View Details
    • $1,500,000

      High-Visibility C2 Zoned Land

      Prime location with excellent traffic exposure and strong commercial activity.
      3624 Steilacoom Blvd SW, Lakewood, WA 98499
      View Details
    • $1,000,000

      High-Visibility Commercial Land Parcel

      Commercial land with significant frontage and high traffic exposure.
      12221-12311 Pacific Hwy SW, Lakewood, WA 98499
      View Details
    • Contact for pricing

      Lakewood Commercial Land Opportunity

      1.23 acre commercial land parcel in Lakewood, WA for sale.
      7505 52Nd Ave W, Lakewood, WA 98499
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical/Dental Complex in Park-Like Setting

      Medical/dental complex with development potential in Lakewood, WA.
      9101 Bridgeport Way SW, Lakewood, WA 98499
      View Details
    • Contact for pricing
      3,114 SF

      Lakewood Flex Space Available Now

      Flex space available for rent in Lakewood, Washington.
      10027 South Tacoma Way, Lakewood, WA 98499
      View Details
    • $2,662 /Mo
      2,315 SF

      Lakewood Flex Space Available Now

      Flex space with office, GL door, available for rent.
      10025 Tacoma Way, Lakewood, WA 98499
      View Details
    • $17,138 /Mo
      7,910 SF

      Medical Office Building For Rent

      7,910 SF medical office building with ample parking.
      5919 100Th St SW, Lakewood, WA 98499
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    • $1,583 /Mo
      1,055 SF

      Retail Spaces Available Immediately

      Small shop spaces for lease, purchase, or build to suit.
      2402 84Th St, Tacoma, WA 98499
      View Details
    • $2,501 /Mo
      1,364 SF

      Retail Space in Lakewood Center

      Retail space available in a busy Lakewood strip mall.
      10518 Pacific Hwy SW, Lakewood, WA 98499
      View Details
    View Listing
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    Tacoma, WA 98499
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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    9120 Bridgeport Way SW, Tacoma, WA, 98499
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