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    Property profile & analytics

    9307 Bridgeport SW Way Lakewood, WA 98499-1570

    • Medical Office Space
    • 4,507 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Dec 04, 2024
    $1,150,000
    Value Estimations
    $1,150,000
    Show details
    Cap Rate Potential
    5.6%
    Medical Office Space
    Location Intelligence
    Property ID
    US90-0885647
    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.

    Current Use by Public Records

    • Shen Jing DDS / Dental Office
    • Solovjov Nellie I DDS / Dental Office
    • Cole Pediatric Therapy (Lakewood) / Physician
    • Megan Rose O'connell / Physician
    • Emily Harried / Physician

    Property Details for 9307 Bridgeport SW Way

    Year built
    1986
    Construction
    WOOD FRAME
    Lot size
    0.28 lot acres
    Property size
    4,507 SF
    Zone code
    CBD
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    5130001450
    APU
    5130001450

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,150,000
      ML approach
      $1,150,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,065,000
      6.5%
      $985,000
      7%
      $915,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,356,000
      Market price range: $781k - $1.78M
      AI Estimate
      $710,000
      Market price range: $221k - $1.02M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,235,000
      Current use
      AUTO REPAIR, GARAGE
      $1,665,000
      Change: +34% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,415,000
      Change: +15% Conversion: Easy
      RETAIL STORES
      $1,125,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakewood
    County
    Pierce
    State
    Washington
    Longitude
    -122.518
    Latitude
    47.1733
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,983
    $288,000
    $807,600
    $1,095,600
    -
    $288,000
    $807,600
    $1,095,600

    Comparable in this City

    • Value Estimation
      $1,090,000
      6,976 SF

      7210 Bridgeport W Way

      MEDICAL BUILDING • 6,976 SF
      7210 Bridgeport W Way, Tacoma, WA 98499-8088
      View Details
    • Value Estimation
      $530,000
      1,724 SF

      6003 100th SW St

      MEDICAL BUILDING • 1,724 SF
      6003 100th SW St, Lakewood, WA 98499-2733
      View Details
    • Value Estimation
      $1,285,000
      6,210 SF

      5605 100th St Sw Ste A

      MEDICAL BUILDING • 6,210 SF
      5605 100th St Sw Ste A, Lakewood, WA 98499-2710
      View Details
    • Value Estimation by Request
      2,592 SF

      6323 111th SW St

      MEDICAL BUILDING • 2,592 SF
      6323 111th SW St, Lakewood, WA 98499-1303
      View Details
    • Value Estimation by Request
      1,808 SF

      6141 93rd SW St

      MEDICAL BUILDING • 1,808 SF
      6141 93rd SW St, Lakewood, WA 98499-2401
      View Details
    • Value Estimation
      $500,000
      1,368 SF

      10908 Gravelly Lk SW Dr

      MEDICAL BUILDING • 1,368 SF
      10908 Gravelly Lk SW Dr, Tacoma, WA 98499-1330
      View Details

    Similar Nearby for Sale

    • $1,200,000
      3,885 SF

      Lakewood Office Building For Sale

      Prime Lakewood office, 3,885 SF, 6.5% cap rate.
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    • $4,499,000
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      Lakewood Medical Office Complex

      Multi-tenant medical office, great potential
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      Lakewood Professional Office Space

      Professional office space suitable for medical, dental, or other services.
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    • $3,950,000
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      Medical Campus with Development Potential

      Well-maintained medical campus in Lakewood with development opportunities.
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    • Contact for pricing
      2,800 SF

      Lakewood Medical Office Building For Sale

      Medical office building in park-like setting with open space plan.
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    • $415,000
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      Lakewood Office Condo - $415K

      Prime Lakewood office, 1,125 sq ft, 8.4% cap rate.
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      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      2,800 SF

      Gerling Professional Center: Tacoma Office Space

      2,800 SF Medical/Office Building, Tacoma, WA
      9101 Bridgeport Way, Tacoma, WA 98499
      View Details
    • $2,793 /Mo
      1,676 SF

      Lakewood Office Suite For Lease

      Prime office suite in established commercial corridor, ideal for medical.
      3615 Steilacoom Blvd SW, Lakewood, WA 98499
      View Details
    • $5,250 /Mo
      2,800 SF

      Medical Office Space Available

      Office space in park-like setting with ADA access.
      9101 Bridgeport Way SW, Lakewood, WA 98499
      View Details
    • Contact for pricing
      1,463 SF

      Retail, Medical, Professional Suites

      Retail, medical, and professional suites for lease in Lakewood, WA.
      10009-10011 Bridgeport Way SW, Lakewood, WA 98499
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    • $4,316 /Mo
      2,495 SF

      Retail Space in High-Traffic Corridor

      Turnkey retail space in a high-traffic location near H Mart.
      8730 Tacoma Way, Lakewood, WA 98499
      View Details
    • Contact for pricing
      7,910 SF

      Medical Office Building For Lease

      7,910 SF medical office building with ample parking.
      5919 100Th St SW, Lakewood, WA 98499
      View Details
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    Lakewood, WA 98499-1570
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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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