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Property profile & analytics
OFF-MARKET
Estimated value
$2,810,000
Community centers
1016 Frst Rock Ln Poulsbo, WA 98370-6541
Entity Owned
14-yr Hold
Free & Clear
Property ID
US90-0374478
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2005
Total area
13,629 SF
Lot
1.37 ac (59,677 SF)
Zoning code
CITY
APN
142601-1-047-2002
UPID
US90-0374478
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.81M
Owner & transaction history
Williams Of Parkwood LLC · 14 yrs held
Williams Of Parkwood LLC
since 2011
7 recorded transactions
Zoning & alternative use
CITY · Poulsbo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.8M
+7.9%
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 Poulsbo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Poulsbo 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
NEIGHBORHOOD: SHOPPING CENTER
$3,475,000
Current use
RETAIL STORES
$3,750,000
Change: +8% · Conversion: Easy
OFFICE BUILDING
$3,395,000
Change: -2% · Conversion: Moderate
MEDICAL BUILDING
$3,310,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,935,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.81M
Range $2.53M – $3.09M · ±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
$206 / 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
$26,036
Tax year 2024
Assessed value
$3,051,340
Assessed 2024
Previous assessed
$3,051,340
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$360,550
Assessed improvement
$2,690,790
Land market value
$360,550
Improvement market value
$2,690,790
Total market value
$3,051,340
Applied tax rate
420.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Total area
13,629 SF
Lot
1.37 ac (59,677 SF)
Zoning code
CITY
APN
142601-1-047-2002
UPID
US90-0374478
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Poulsbo, WAZoning CITY · permitted uses
CITY · Poulsbo, 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.5M
RETAIL STORES
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2005
Heating
NONE
Stories
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Williams Of Parkwood LLC
Entity
Free & Clear · 14 yrs held
Mailing address
12427 232ND TER NE, REDMOND, WA 98053-5630
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2011
$1,750,000
Williams Of Parkwood LLC
Union Bank NA
Grant Deed
—
Jan 19, 2011
$1,503,623
Union Bank NA
Rosenblum Mark J
Trustees Deed
related
—
Jul 28, 2004
$575,000
B & N Investments LLC
Litendal LLC
Grant Deed
$2,109,069 · Frontier Bank
Oct 1, 2001
—
Litendal LLC
—
Deed Of Trust
related
$1,000,000 · American Marine Bank
—
—
Williams Of Parkwood LLC
—
Deed Of Trust
related
$900,000 · Standard Insurance Co
—
—
B & N Investments LLC
—
Deed Of Trust
related
$250,000 · American Marine Bank
—
—
B & N Investments LLC
—
Deed Of Trust
related
$383,931 · Frontier Bank
—
—
B & N Investments LLC
—
Deed Of Trust
related
$1,140,000 · Rural Housing & Community Dev
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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