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Property profile & analytics
FOR LEASE
Office buildings
104 Tremont St Port Orchard, WA 98366
Entity Owned
18-yr Hold
Free & Clear
Property ID
US90-3331351
For Lease
$960,000
104 Tremont St, Port Orchard, WA 98366
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
5,592 SF
Lot
0.72 ac (31,363 SF)
Zoning code
CITY
APN
352401-3-030-2004
UPID
US90-3331351
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
-
Karen Carr Lindner PHD Physician Medical Clinic
-
Farmers Insurance - Trina Knoche Insurance Agency
-
Glisson & Morris Law Firm
-
Law Office of Gregory J Wall, PLLC Law Firm Insurance Agency
-
Law offices of Stephen T. King, PS Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$712k
Blend (final)
Blend
$960k
Owner & transaction history
Westsounder Properties LLC · 18 yrs held
Westsounder Properties LLC
since 2007
4 recorded transactions
Zoning & alternative use
CITY · Port Orchard, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+10.6%
Neighborhood: shopping center
$1.4M
+2.5%
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 Port Orchard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Orchard 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%
$1,415,000
6.5%
$1,310,000
7%
$1,215,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,390,000
Current use
RETAIL STORES
$1,540,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,425,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$1,360,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$1,145,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$172 / 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
$7,520
Tax year 2024
Assessed value
$893,210
Assessed 2024
Previous assessed
$893,210
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$216,000
Assessed improvement
$677,210
Land market value
$216,000
Improvement market value
$677,210
Total market value
$893,210
Applied tax rate
805.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1991
Heating
YES
Stories
2
Total area
5,592 SF
Lot
0.72 ac (31,363 SF)
Zoning code
CITY
APN
352401-3-030-2004
UPID
US90-3331351
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Port Orchard, WA
Zoning CITY · permitted uses
CITY · Port Orchard, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Orchard. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1991
Heating
YES
Stories
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
Westsounder Properties LLC
Entity
Free & Clear · 18 yrs held
Mailing address
104 TREMONT ST, PORT ORCHARD, WA 98366-3775
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2007
—
Westsounder Properties LLC
Morgan,homer E & Gayle
Quit Claim Deed
related
—
Oct 5, 2007
$1,025,000
Homer E Morgan
Wad Ptshp
Warranty Deed
—
Aug 16, 1999
$115,000
David F Hedger
Brottem,melinda L
Quit Claim Deed
related
—
Jul 31, 1991
$38,200
W A D Partnership
Unknown
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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