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Property profile & analytics
OFF-MARKET
Estimated value
$11,540,000
Automotive properties
1000 Oyster Bay S Ave Bremerton, WA 98312-4862
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US90-1754793
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2001
Total area
58,435 SF
Lot
11.72 ac (510,523 SF)
Zoning code
CITY
APN
4502-014-007-0108
UPID
US90-1754793
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
-
West Hills Mazda Service Auto Repair Shop
-
West HIlls Mazda Parts Auto Parts Store
-
West Hills Mazda Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.40M
Blend (final)
Blend
$11.54M
Owner & transaction history
R & L Property Management LLC · 22 yrs held
R & L Property Management LLC
since 2004
3 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$14.9M
+42.3%
Medical building
$14.2M
+35.4%
Retail stores
$11.1M
+5.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$10,475,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$14,910,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$14,190,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$11,085,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$11,005,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$11.54M
Range $10.39M – $12.69M · ±10%
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
$197 / 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
$121,233
Tax year 2024
Assessed value
$14,249,510
Assessed 2024
Previous assessed
$11,347,510
+25.6% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,210,250
Assessed improvement
$13,039,260
Land market value
$1,210,250
Improvement market value
$13,039,260
Total market value
$14,249,510
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2001
Heating
YES
Buildings
3
Stories
2
Total area
58,435 SF
Lot
11.72 ac (510,523 SF)
Zoning code
CITY
APN
4502-014-007-0108
UPID
US90-1754793
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
AUTO REPAIR, GARAGE Current
Est. value
$10.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.9M
MEDICAL BUILDING
Est. value
$14.2M
RETAIL STORES
Est. value
$11.1M
OFFICE BUILDING
Est. value
$11.0M
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
2001
Heating
YES
Stories
2
Buildings
3
Lot
11.72 ac
Current owner
From public records · entity-resolved
R & L Property Management LLC
Entity
Mailing address
PO BOX 4999, BREMERTON, WA 98312-0458
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2004
—
R & L Property Management LLC
Parr,rocney R & Linda J
Quit Claim Deed
related
$5,000,000 · Wells Fargo Bank
May 9, 2001
—
Rodney T Parr
—
Trustees Deed
related
$8,401,000 · Ford Motor Credit Co
—
—
R & L Property Management LLC
—
Deed Of Trust
related
$10,675,000 · Us Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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