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Property profile & analytics
OFF-MARKET
Estimated value
$2,900,000
Banks
1000 6th St Bremerton, WA 98337-1452
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0397318
Property summary
AI-generated overview
This exceptional Class A commercial property, located at 1000 6th St, Bremerton, WA 98337, offers a unique blend of retail, office, and industrial space. The "Starbucks and Kitsap Bank Plaza" building, situated on 1.21 acres, boasts a total of 13,042 square feet across two stories. Currently, 707 square feet of flexible space is available for lease. Built in 1970 and extensively renovated in 2023, this property features modern amenities and a prime downtown location. The building is zoned under the Downtown Subarea Plan and includes convenient features such as elevators. Its strategic location at the intersection of 6th St and Warren Ave provides excellent visibility and accessibility. The property's multiple tenancy structure offers a diverse and vibrant environment. This is an exceptional opportunity for businesses seeking a high-quality, well-maintained space in a thriving downtown area. The APN is 3743-001-001-0003. This versatile space is ideal for a variety of uses, including flex, traditional office, creative office, and executive office configurations. Don't miss this chance to secure your business's future in this dynamic Bremerton location.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1970
Total area
10,163 SF
Lot
1.21 ac (52,708 SF)
Zoning code
CITY
APN
3743-001-001-0003
UPID
US90-0397318
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
-
Starbucks Cafe & Coffee Shop
-
Altman Law Offices Law Firm
-
Kitsap Bank Bank Loan Service
-
Dr. Paul Patterson Alternative Medicine Practice
-
Callis Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.90M
Owner & transaction history
Wps Oz LLC · 4 yrs held
Wps Oz LLC
since 2022
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+147.6%
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 Bremerton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bremerton 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
$3,650,000
ML approach
$3,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,365,000
Change: +148% · Conversion: Difficult
Blend value · Realmo final
$2.90M
Range $2.61M – $3.19M · ±10% · vs last sale $2.88M (Mar 28 2022)
Last sale anchor
$2.88M
Mar 28 2022
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
$285 / 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
$32,561
Tax year 2024
Assessed value
$3,827,170
Assessed 2024
Previous assessed
$3,709,240
+3.2% YoY
Effective rate
0.85%
On assessed value
Assessed land
$389,130
Assessed improvement
$3,438,040
Land market value
$389,130
Improvement market value
$3,438,040
Total market value
$3,827,170
Applied tax rate
10.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1970
Heating
YES
Stories
1
Total area
10,163 SF
Lot
1.21 ac (52,708 SF)
Zoning code
CITY
APN
3743-001-001-0003
UPID
US90-0397318
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Bremerton, WAZoning CITY · permitted uses
CITY · Bremerton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.4M
COMMERCIAL (GENERAL)
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
1970
Heating
YES
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Wps Oz LLC
Entity
Mailing address
10024 138TH AVE NE, KIRKLAND, WA 98033-5560
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2022
$2,880,000
Wps Oz LLC
Eretz Bremerton LLC
Warranty Deed
$1,450,000 · Kitsap Bank
Nov 26, 2019
—
Eretz Bremerton LLC
—
Deed
related
$2,200,000 · Kitsap Bk
Jun 28, 2016
—
Eretz Bremerton LLC
—
Deed
related
$808,500 · Bank Of The West
Jul 10, 2013
$813,375
Eretz Bremerton LLC
Gpt Gig Boa Portfolio Hfs Owne
Grant Deed
$637,500 · Us Bank NA
Jul 18, 2003
$1,549,584
First States Investors 5000a
Bank Of America
Grant Deed
related
$400,000,000 · German American Capital Corp
—
—
Eretz Bremerton LLC
—
Deed Of Trust
related
$2,200,000 · Kitsap Bk
—
—
Eretz Bremerton LLC
—
Deed Of Trust
related
$808,500 · Bank Of The West
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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