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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Manufacturing properties
1097 Matrix Ln Port Orchard, WA 98367-5401
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-0831264
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1945
Total area
5,800 SF
Lot
1.64 ac (71,438 SF)
Zoning code
REC
APN
5460-000-019-0001
UPID
US90-0831264
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
$550k
Comparable Approach
Comparable
$580k
Blend (final)
Blend
$565k
Owner & transaction history
Port Orchard Airport INC · 5 yrs held
Port Orchard Airport INC
since 2020
2 recorded transactions
Zoning & alternative use
REC · Port Orchard, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$910,000
+84.3%
Medical building
$790,000
+60.4%
Office building
$740,000
+49.7%
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%
$600,000
6.5%
$550,000
7%
$515,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$495,000
Current use
RESTAURANT
$910,000
Change: +84% · Conversion: Difficult
MEDICAL BUILDING
$790,000
Change: +60% · Conversion: Difficult
OFFICE BUILDING
$740,000
Change: +50% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: +41% · Conversion: Easy
RETAIL STORES
$650,000
Change: +31% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$575,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$97 / 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
$7,207
Tax year 2024
Assessed value
$875,980
Assessed 2024
Previous assessed
$875,980
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$153,630
Assessed improvement
$722,350
Land market value
$153,630
Improvement market value
$722,350
Total market value
$875,980
Applied tax rate
8,170.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1945
Heating
NONE
Buildings
3
Stories
1
Total area
5,800 SF
Lot
1.64 ac (71,438 SF)
Zoning code
REC
APN
5460-000-019-0001
UPID
US90-0831264
Jurisdiction
KITSAP
Zoning & alternative use
REC · Port Orchard, WAZoning REC · permitted uses
REC · Port Orchard, 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
INDUSTRIAL (GENERAL) Current
Est. value
$495,000
RESTAURANT
Est. value
$910,000
MEDICAL BUILDING
Est. value
$790,000
OFFICE BUILDING
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$695,000
RETAIL STORES
Est. value
$650,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$575,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1945
Heating
NONE
Stories
1
Buildings
3
Lot
1.64 ac
Current owner
From public records · entity-resolved
Port Orchard Airport INC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 2329, GIG HARBOR, WA 98335-4329
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2020
—
Port Orchard Airport INC
Cape Breton LLC
Quit Claim Deed
related
—
Oct 6, 2017
—
Cape Breton LLC
Port Orchard Airport INC
Quit Claim Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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