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    Confidential Port Orchard, WA 98366

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    Confidential Port Orchard, WA 98366

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    • Commercial real estate
    • 8,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 0 Confidential

    Property size
    8,000 SF
    Property type
    Commercial real estate

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Port Orchard
    County
    Kitsap
    State
    Washington
    Longitude
    -122.641
    Latitude
    47.5406

    Comparable in this City

    • Value Estimation
      $530,000
      1,122 SF

      2099 Jefferson SE Ave

      COMMERCIAL (GENERAL) • 1,122 SF
      2099 Jefferson SE Ave, Port Orchard, WA 98366-3016
      View Details
    • Value Estimation by Request
      936 SF

      1374 Lund Ave

      COMMERCIAL (GENERAL) • 936 SF
      1374 Lund Ave, Port Orchard, WA 98366-5628
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    • Value Estimation by Request
      2,748 SF

      3980 Lovell St

      COMMERCIAL (GENERAL) • 2,748 SF
      3980 Lovell St, Port Orchard, WA 98366-3949
      View Details
    • Value Estimation by Request
      1,684 SF

      1538 Pottery Ave

      COMMERCIAL (GENERAL) • 1,684 SF
      1538 Pottery Ave, Port Orchard, WA 98366-3713
      View Details
    • Value Estimation by Request
      1,170 SF

      1710 Pottery Ave

      COMMERCIAL (GENERAL) • 1,170 SF
      1710 Pottery Ave, Port Orchard, WA 98366-2562
      View Details
    • Value Estimation by Request
      1,048 SF

      296 Tremont St

      COMMERCIAL (GENERAL) • 1,048 SF
      296 Tremont St, Port Orchard, WA 98366-3732
      View Details

    Similar Nearby for Sale

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      Modern Apartments in Port Orchard

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      Prime Commercial Land Opportunity

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      Large Parcel in Opportunity Zone

      Large Port Orchard parcel for residential/commercial development in Opportunity Zone.
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      Premier Equestrian Facility For Sale

      Exceptional equestrian facility on 20 acres in Port Orchard.
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    Similar Nearby for Lease

    • Contact for pricing
      16,553 SF

      Cleared Land Ready for Lease

      Cleared site available for ground lease or build to suit.
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      19,378 SF

      Bi-Mart Anchored Shopping Center

      Anchored shopping center in high-growth Seattle suburb.
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      Waterfront Building in Port Orchard

      Two-story, 5,540 SF building with downtown mixed-use zoning.
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      1,216 SF

      Retail Space Near Fred Meyer

      Retail space available near SE Sedgwick Rd and Bethel Rd SE.
      1900 SE Sedgwick Rd, Port Orchard, WA 98366
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      Port Orchard Development Opportunity

      0.49 acre development pad in bustling retail district.
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      Retail Space in Port Orchard

      Retail space available at Tremont Place, Port Orchard.
      1382 SE Lund Ave, Port Orchard, WA 98366
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    Confidential
    Port Orchard, WA 98366
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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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