Back to Search
Property profile & analytics
FOR LEASE
Community centers
10406 Silverdale Way NW Silverdale, WA 98383
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0782452
For Lease
$6,360,000
10406 Silverdale Way NW, Silverdale, WA 98383
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1986
Total area
28,770 SF
Lot
4.84 ac (210,830 SF)
Zoning code
RC
APN
162501-3-002-2000
UPID
US90-0782452
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
-
Gem the Stylist Hair Salon
-
Silverdale Shopping Center Shopping Center & Mall
-
Makeup By Gel Cosmetic Store
-
CosmoProf (Bike/Boat/Book/etc) Store Cosmetic Store
-
BB Boutique + Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.36M
Owner & transaction history
Sil-way LLC · 8 yrs held
Sil-way LLC
since 2018
4 recorded transactions
Zoning & alternative use
RC · Silverdale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.4M
+41.3%
Retail stores
$7.9M
+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
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
$7,340,000
Current use
OFFICE BUILDING
$10,365,000
Change: +41% · Conversion: Moderate
RETAIL STORES
$7,920,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$6,985,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,885,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$6.36M
Range $5.72M – $7.00M · ±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
$221 / 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
$104,323
Tax year 2024
Assessed value
$11,742,230
Assessed 2024
Previous assessed
$10,898,460
+7.7% YoY
Effective rate
0.89%
On assessed value
Assessed land
$2,009,730
Assessed improvement
$9,732,500
Land market value
$2,009,730
Improvement market value
$9,732,500
Total market value
$11,742,230
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1986
Heating
YES
Buildings
5
Stories
1
Total area
28,770 SF
Lot
4.84 ac (210,830 SF)
Zoning code
RC
APN
162501-3-002-2000
UPID
US90-0782452
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
$7.3M
OFFICE BUILDING
Est. value
$10.4M
RETAIL STORES
Est. value
$7.9M
MEDICAL BUILDING
Est. value
$7.0M
WAREHOUSE, STORAGE
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
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
1986
Heating
YES
Stories
1
Buildings
5
Lot
4.84 ac
Current owner
From public records · entity-resolved
Sil-way LLC
Entity
Mailing address
PO BOX 1406, SPRING, TX 77383-1406
Ownership since
2018
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
Jun 14, 2018
$12,150,000
Sil-way LLC
Ct Retail Prop Fin 14 LLC
Trustees Deed
$7,900,000 · Miscellaneous Ins Co
Apr 5, 2000
—
Ct Operating Partnership LP
—
Deed Of Trust
related
$200,000,000 · General Electric Cap'l Trustee
Jun 22, 1998
—
Alexander Haagen Properties LP
—
Deed Of Trust
related
$250,000,000 · Chase Manhattan Bank
Dec 26, 1997
$6,560,000
Alexander Haagen Properties
R B Ross Plaza LP
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
