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Property profile & analytics
OFF-MARKET
Estimated value
$1,640,000
Warehouses
10600 State Hwy 104 Kingston, WA 98346-8464
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1557084
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Total area
9,800 SF
Lot
5.72 ac (249,163 SF)
Zoning code
UH
APN
262702-1-029-2008
UPID
US90-1557084
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
$1.45M
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.64M
Owner & transaction history
Bainbridge Reliable Storage Lc · 23 yrs held
Bainbridge Reliable Storage Lc
since 2002
6 recorded transactions
Zoning & alternative use
UH · Kingston, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.7M
+34.6%
Neighborhood: shopping center
$2.5M
+24.8%
Office building
$2.4M
+21.8%
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 Kingston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kingston 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%
$1,565,000
6.5%
$1,445,000
7%
$1,340,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,005,000
Current use
RETAIL STORES
$2,700,000
Change: +35% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,500,000
Change: +25% · Conversion: Moderate
OFFICE BUILDING
$2,440,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$2,380,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,700,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.64M
Range $1.48M – $1.80M · ±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
$167 / 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
$71,746
Tax year 2024
Assessed value
$8,287,660
Assessed 2024
Previous assessed
$6,866,590
+20.7% YoY
Effective rate
0.87%
On assessed value
Assessed land
$556,630
Assessed improvement
$7,731,030
Land market value
$556,630
Improvement market value
$7,731,030
Total market value
$8,287,660
Applied tax rate
4,230.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
YES
Buildings
6
Stories
1
Total area
9,800 SF
Lot
5.72 ac (249,163 SF)
Zoning code
UH
APN
262702-1-029-2008
UPID
US90-1557084
Jurisdiction
KITSAP
Zoning & alternative use
UH · Kingston, WAZoning UH · permitted uses
UH · Kingston, 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
WAREHOUSE, STORAGE Current
Est. value
$2.0M
RETAIL STORES
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$1.7M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2003
Heating
YES
Stories
1
Buildings
6
Lot
5.72 ac
Current owner
From public records · entity-resolved
Bainbridge Reliable Storage Lc
Individual
Mailing address
1080 NE FRST ROCK LN, POULSBO, WA 98370-6524
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2002
—
Bainbridge Reliable Storage Lc
Lindvog Storage LLC
Quit Claim Deed
related
$1,300,000 · Litendal LLC
Jan 7, 2000
—
Lindvog Storage LLC
S E M D LLC
Quit Claim Deed
related
—
Feb 15, 1996
—
Semd LLC
Sherrard,jean R
Quit Claim Deed
related
—
Jun 30, 1993
—
Sherrard J R Family Trust
Unknown
Quit Claim Deed
related
—
—
—
Bainbridge Reliable Storage Ll
—
Deed Of Trust
related
$930,000 · Standard Insurance Co
—
—
Bainbridge Reliable Storage Ll
—
Deed Of Trust
related
$1,500,000 · Security Financial Life Ins Co
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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