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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11061 Sunrise NE Dr Bainbridge Island, WA 98110-3397

    • Warehouses
    • 3,840 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    Jan 03, 2022
    $1,592,338
    Value Estimations
    $1,740,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2443288
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 11061 Sunrise NE Dr

    Year built
    2019
    Lot size
    0.51 lot acres
    Property size
    3,840 SF
    Zone code
    CITY
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    142502-2-093-2003
    APU
    14250220932003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,020,000
      ML approach
      $2,045,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,448,000
      Market price range: $696k - $1.75M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,135,000
      Current use
      COMMERCIAL (GENERAL)
      $1,945,000
      Change: +71% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,580,000
      Change: +39% Conversion: Easy
      RETAIL STORES
      $1,540,000
      Change: +36% Conversion: Moderate
      OFFICE BUILDING
      $1,355,000
      Change: +20% Conversion: Difficult
      MEDICAL BUILDING
      $1,320,000
      Change: +16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bainbridge Island
    County
    Kitsap
    State
    Washington
    Longitude
    -122.511
    Latitude
    47.664
    CBSA code
    14740
    CBSA name
    BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,695
    $616,190
    $406,450
    $1,022,640
    -
    $616,190
    $406,450
    $1,022,640

    Comparable in this City

    • Value Estimation
      $1,525,000
      17,500 SF

      9300 Sportsman Clb NE Rd

      MINI-WAREHOUSE, STORAGE • 17,500 SF
      9300 Sportsman Clb NE Rd, Bainbridge Island, WA 98110-3642
      View Details
    • Value Estimation
      $1,320,000
      14,000 SF

      12685 Miller NE Rd

      MINI-WAREHOUSE, STORAGE • 14,000 SF
      12685 Miller NE Rd, Bainbridge Island, WA 98110-4204
      View Details
    • Value Estimation
      $785,000
      9,600 SF

      4200 Eagle Hbr Dr

      MINI-WAREHOUSE, STORAGE • 9,600 SF
      4200 Eagle Hbr Dr, Bainbridge Island, WA 98110-3131
      View Details
    • Value Estimation by Request
      2,400 SF

      9423 Business Park Ln

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      9423 Business Park Ln, Bainbridge Island, WA 98110-3641
      View Details
    • Value Estimation by Request
      8,851 SF

      9445 Business Park Ln

      MINI-WAREHOUSE, STORAGE • 8,851 SF
      9445 Business Park Ln, Bainbridge Island, WA 98110-4634
      View Details
    • Value Estimation
      $1,090,000
      12,000 SF

      9551 New Brooklyn Rd

      MINI-WAREHOUSE, STORAGE • 12,000 SF
      9551 New Brooklyn Rd, Bainbridge Island, WA 98110-3618
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      54,775 SF

      Bainbridge Island Self Storage

      Class A facility, high growth potential.
      6455 Fletcher Bay Rd, Bainbridge Island, WA 98110
      View Details
    • $438,800
      23,058 SF

      Bainbridge Island Industrial Condo

      Multi-tenant industrial condo, high ROI.
      12935 Islandcraft Ln, Bainbridge Island, WA 98110
      View Details
    • $998,000
      1,457 SF

      Refined Winslow Way Boutique Residence

      Boutique living near Winslow Way, steps from Seattle Ferry.
      400 Winslow Way E, Bainbridge Island, WA 98110
      View Details
    • $273,000
      574 SF

      Class A Office Space Condo

      Class A condominium office space in a prime Bainbridge building.
      271 Wyatt Way NE, Bainbridge Island, WA 98110
      View Details
    • $1,088,000
      2,889 SF

      Downtown Bainbridge Island Standalone Office

      2,889 SF office building in Bainbridge Island's downtown core.
      250 Madrona Way NE, Bainbridge Island, WA 98110
      View Details
    • $645,000

      Bainbridge Island Land Opportunity

      20 acres of forest ready for your dream home.
      6075 Old Woods Ln, Bainbridge Island, WA 98110
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      3,788 SF

      Bainbridge Island Flex/Industrial Space

      Flexible spaces available in a vibrant business community.
      9453 Coppertop Loop NE, Bainbridge Island, WA 98110
      View Details
    • $19 SF/Yr
      5,800 SF

      Bainbridge Island Industrial Space

      5,800 SF Manufacturing/Distribution
      8040 Day Rd, Bainbridge Island, WA 98110
      View Details
    • $16 SF/Yr
      4,761 SF

      Coppertop Park Flex Space

      Versatile 4,761 SF space in a convenient Bainbridge Island location.
      Sportsman Club Rd NE 9440, Bainbridge Island, WA 98110
      View Details
    • $30 SF/Yr
      2,500 SF

      The Cove: Bainbridge Island Retail

      Prime Retail Space, Winslow Way E
      278 Winslow Way, Bainbridge Island, WA 98110
      View Details
    • $26 SF/Yr
      811 SF

      Bainbridge Island Office Space

      Airy office space with harbor and courtyard views for rent.
      330 Madison Ave S, Bainbridge Island, WA 98110
      View Details
    • $36 SF/Yr
      6,696 SF

      Madison Ave Executive Suites

      Bainbridge Island Class A Office Space
      818 Madison Ave, Bainbridge Island, WA 98110
      View Details
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    Bainbridge Island, WA 98110-3397
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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