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Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Medical Office Space
9307 Bridgeport SW Way Lakewood, WA 98499-1570
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0885647
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Construction
WOOD FRAME
Total area
4,507 SF
Lot
0.28 ac (12,304 SF)
Zoning code
CBD
APN
5130001450
UPID
US90-0885647
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
-
Shen Jing DDS Dental Office
-
Solovjov Nellie I DDS Dental Office
-
Cole Pediatric Therapy (Lakewood) Physician
-
Megan Rose O'connell Physician
-
Emily Harried Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.15M
Owner & transaction history
Sakina Investment LLC · 1 yrs held
Sakina Investment LLC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CBD · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Central Business District zoning district is the primary retail, office, social, urban residential, and government center of the City The complementary and interactive mixture of uses and urban design provides for a regional intensity and viability with a local character
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
335.13 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.7M
+34.4%
Commercial (general)
$1.4M
+14.6%
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
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
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
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±10% · vs last sale $1.15M (Dec 4 2024)
Last sale anchor
$1.15M
Dec 4 2024
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
$255 / 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
$11,983
Tax year 2024
Assessed value
$1,095,600
Assessed 2024
Previous assessed
$1,095,600
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$288,000
Assessed improvement
$807,600
Land market value
$288,000
Improvement market value
$807,600
Total market value
$1,095,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
4,507 SF
Lot
0.28 ac (12,304 SF)
Zoning code
CBD
APN
5130001450
UPID
US90-0885647
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Lakewood, WAZoning CBD · permitted uses
CBD · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Central Business District zoning district is the primary retail, office, social, urban residential, and government center of the City The complementary and interactive mixture of uses and urban design provides for a regional intensity and viability with a local character
Zone name
Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
335.13 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1986
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Sakina Investment LLC
Entity
Mailing address
7410 NN ST SW, LAKEWOOD, WA 98498-5240
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2024
$1,150,000
Sakina Investment LLC
Vertico Properties LLC
Warranty Deed
—
Dec 22, 2017
$924,719
Vertico Properties LLC
Fred L Wagner
Warranty Deed
$807,500 · Kitsap Bank
Dec 17, 2012
$826,796
Fred L Wagner
Davies Pearson PC
Trustees Deed
related
—
Jun 6, 2007
—
B G Olson Northwest LLC
Olson,bjorn G
Quit Claim Deed
related
—
Jul 21, 1989
$538,621
C Investments
Unknown
Grant Deed
—
—
—
B G Olson Northwest LLC
—
Deed Of Trust
related
$231,900 · Northwest Commercial Bank
—
—
B G Olson Northwest LLC
—
Deed Of Trust
related
$407,451 · Fred Wagner
—
—
Fred L Wagner
—
Deed Of Trust
related
$906,020 · Columbia State Bank
—
—
B G Olson Northwest LLC
—
Deed Of Trust
related
$250,000 · Fred Wagner
—
—
Bjorn G Olson
—
Deed Of Trust
related
$618,000 · Columbia State Bank
—
—
B G Olson Northwest LLC
—
Deed Of Trust
related
$899,659 · Northwest Commercial 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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