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Property profile & analytics
FOR LEASE
Super regional malls
10315 Silverdale Way NW Silverdale, WA 98383
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0392598
For Lease
$20,090,000
10315 Silverdale Way NW, Silverdale, WA 98383
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1985
Total area
105,556 SF
Lot
10.29 ac (448,232 SF)
Zoning code
RC
APN
162501-3-100-2001
UPID
US90-0392598
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
$20.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.01M
Blend (final)
Blend
$20.09M
Owner & transaction history
Kitsap Mall Venture LLC · 1 yrs held
Kitsap Mall Venture LLC
since 2024
Last sale
$20.1M
7 recorded transactions
Zoning & alternative use
RC · Silverdale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$29.1M
+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 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
$20,090,000
ML approach
$20,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$26,930,000
Current use
RETAIL STORES
$29,060,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$25,630,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$21,585,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$20.09M
Range $18.08M – $22.10M · ±10% · vs last sale $20.09M (Sep 13 2024)
Last sale anchor
$20.09M
Sep 13 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
$190 / 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
$111,456
Tax year 2024
Assessed value
$12,545,140
Assessed 2024
Previous assessed
$12,545,140
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$3,285,340
Assessed improvement
$9,259,800
Land market value
$3,285,340
Improvement market value
$9,259,800
Total market value
$12,545,140
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
For Lease
Year built
1985
Heating
YES
Stories
1
Total area
105,556 SF
Lot
10.29 ac (448,232 SF)
Zoning code
RC
APN
162501-3-100-2001
UPID
US90-0392598
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$26.9M
RETAIL STORES
Est. value
$29.1M
MEDICAL BUILDING
Est. value
$25.6M
WAREHOUSE, STORAGE
Est. value
$21.6M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
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
1985
Heating
YES
Stories
1
Lot
10.29 ac
Current owner
From public records · entity-resolved
Kitsap Mall Venture LLC
Entity
Mailing address
301 N LK AVE STE #310, PASADENA, CA 91101-5122
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2025
—
Mrof I Silverdale LLC
—
Deed
related
$11,400,000 · Zb NA
Dec 31, 2024
$25,725,000
Kitsap Mall Venture LLC
10315 Silverdale Way Holdings LLC
Special Warranty Deed
$28,200,000 · Bixby Bridge Fund V LLC
Sep 13, 2024
$20,090,000
Mrof I Silverdale LLC
Rhino Holdings Silverdale LLC
Warranty Deed
$10,740,000 · Archway Real Estate Income Fund I R
May 1, 2023
—
Penney Property Sub Holdings LLC
10315 Silverdale Way Holdings LLC
Deed
—
Jan 12, 2022
$77,300,000
10315 Silverdale Way Holdings LLC
Beacon Default Management INC
Trust Deed
related
—
Mar 16, 2021
—
Rhino Holdings Silverdale LLC
—
Deed
related
$19,085 · Pacific Coach INC
Sep 17, 2020
—
Rhino Holdings Silverdale LLC
Ggd Oakdale LLC
Grant Deed
related
$14,317,195 · Kairos Credit Strategies Opera
Aug 1, 2019
$9,100,000
Ggd Oakdale LLC
Tf Silverdale Wa LLC
Grant Deed
$14,700,000 · Ignite Fndg
Apr 22, 2019
—
Tf Sulverdale Wa LLC
—
Grant Deed
related
$800,000,000 · Hps Inv Ptrs LLC
Apr 15, 2019
—
Tf Silverdale Wa LLC
Src Facilities LLC
Correction Deed
related
—
Feb 27, 2019
—
Tf Silverdale Wa LLC
Src Facilities LLC
Trustees Deed
related
$325,000,000 · Jpp LLC
Sep 13, 2018
—
Src Facilities LLC
—
Deed
related
$143,000,000 · Ubs Ag
Mar 16, 2018
—
Src Facilities LLC
—
Deed
related
$200,000,000 · Ubs Ag Stamford Br
Mar 25, 2004
—
Us Bank Trust NA Trustee
Sears Roebuck & Co
Grant Deed
related
$10,682,000 · Wells Fargo Bank Minnesota Tte
—
—
Src Facilities LLC
—
Deed Of Trust
related
$200,000,000 · Ubs Ag Stamford Br
—
—
Src Facilities LLC
—
Loan Modification
related
$143,000,000 · Ubs Ag
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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