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Property profile & analytics
OFF-MARKET
Estimated value
$22,375,000
Super regional malls
10315 Silverdale NW Way Silverdale, WA 98383-7691
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1799764
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1989
Total area
162,758 SF
Lot
10.28 ac (447,797 SF)
Zoning code
RC
APN
162501-2-067-2004
UPID
US90-1799764
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
-
Macy's (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Torrid Clothing & Fashion Store
-
Zumiez (Bike/Boat/Book/etc) Store
-
Buckle Men'S Clothing Store Shoe Store
-
Fuego / Attic Salt Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.33M
Blend (final)
Blend
$22.38M
Owner & transaction history
Penney Property Sub Holdings LLC · 3 yrs held
Penney Property Sub Holdings LLC
since 2023
Last sale
$25.7M
7 recorded transactions
Zoning & alternative use
RC · Silverdale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Silverdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silverdale 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
WAREHOUSE, STORAGE
$33,285,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$22.38M
Range $20.14M – $24.61M · ±10% · vs last sale $25.73M (Sep 27 2024)
Last sale anchor
$25.73M
Sep 27 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
$137 / 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
$58,681
Tax year 2024
Assessed value
$6,604,950
Assessed 2024
Previous assessed
$6,604,950
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$3,416,410
Assessed improvement
$3,188,540
Land market value
$3,416,410
Improvement market value
$3,188,540
Total market value
$6,604,950
Applied tax rate
6,410.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1989
Heating
YES
Stories
2
Total area
162,758 SF
Lot
10.28 ac (447,797 SF)
Zoning code
RC
APN
162501-2-067-2004
UPID
US90-1799764
Jurisdiction
KITSAP
Zoning & alternative use
RC · Silverdale, WA
Zoning RC · permitted uses
RC · Silverdale, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Silverdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$33.3M
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
1989
Heating
YES
Stories
2
Lot
10.28 ac
Current owner
From public records · entity-resolved
Penney Property Sub Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
900 19TH ST NW, WASHINGTON, DC 20006-2105
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
May 1, 2023
—
Penney Property Sub Holdings LLC
10315 Silverdale Way Holdings LLC
Assignment Of Lease (leasehold Sale)
—
Jan 12, 2022
$77,300,000
10315 Silverdale Way Holdings LLC
Beacon Default Management INC
Trustees Deed
related
—
Jun 12, 2013
—
Kitsap Mall LLC
—
Deed Of Trust
related
$77,300,000 · Royal Bank Scotland Plc
May 23, 2013
—
Jc Penney Properties INC
—
Deed Of Trust
related
$2,250,000 · Goldman Sachs Bank USA
Jun 1, 2000
—
Ppr Kitsap Mall LLC
—
Deed Of Trust
related
$61,000,000 · Connecticut General Life Ins
Feb 25, 1999
$700,000
Ppr Kitsap Mall LLC
Kitsap Associates LP
Grant Deed
related
—
—
—
Ppr Kitsap Mall LLC
—
Deed Of Trust
related
—
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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