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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Office buildings
11175 2nd St Kingston, WA 98346
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-3112332
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2012
Total area
4,428 SF
Lot
0.22 ac (9,583 SF)
Zoning code
UVC
APN
4316-076-007-0004
UPID
US90-3112332
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
$1.04M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.47M
Owner & transaction history
Port Gamble Sklallam Tribe · 1 yrs held
Port Gamble Sklallam Tribe
since 2025
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
UVC · Kingston, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+80.5%
Retail stores
$1.2M
+10.6%
Neighborhood: shopping center
$1.1M
+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 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%
$1,120,000
6.5%
$1,035,000
7%
$960,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,105,000
Current use
COMMERCIAL (GENERAL)
$1,990,000
Change: +80% · Conversion: Easy
RETAIL STORES
$1,220,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,130,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$1,075,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$905,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±10% · vs last sale $1.72M (Dec 18 2024)
Last sale anchor
$1.72M
Dec 18 2024
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
$331 / 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
$8,829
Tax year 2024
Assessed value
$1,019,890
Assessed 2024
Previous assessed
$1,011,170
+0.9% YoY
Effective rate
0.87%
On assessed value
Assessed land
$106,600
Assessed improvement
$913,290
Land market value
$106,600
Improvement market value
$913,290
Total market value
$1,019,890
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2012
Heating
YES
Stories
2
Total area
4,428 SF
Lot
0.22 ac (9,583 SF)
Zoning code
UVC
APN
4316-076-007-0004
UPID
US90-3112332
Jurisdiction
KITSAP
Zoning & alternative use
UVC · Kingston, WAZoning UVC · permitted uses
UVC · 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
OFFICE BUILDING Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$905,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
2012
Heating
YES
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Port Gamble Sklallam Tribe
Individual
Mailing address
PO BOX 1835, KINGSTON, WA 98346-1835
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2025
$1,720,000
Port Gamble Sklallam Tribe
Tanner Development LLC
Warranty Deed
—
Apr 12, 2012
—
Tanner Dev LLC
—
Trustees Deed
related
$675,000 · Bank Of America
Sep 5, 2008
$430,000
Tanner Dev LLC
Seaview Land Co INC
Warranty Deed
$344,000 · Bank Of America
Dec 4, 1996
$37,500
Seaview Land Co INC
Steele,sandra L
Grant Deed
$32,500 · Seller
Aug 14, 1990
$39,500
Sandra L Steele
Unknown
Grant Deed
—
Jul 27, 1988
$110,000
Billy R Hudspeth
Unknown
Grant Deed
—
—
—
Seaview Land Co INC
—
Deed Of Trust
related
$207,136 · Kitsap Bank
—
—
Tanner Dev LLC
—
Deed Of Trust
related
$547,000 · Northwest Busn Dev Assn
—
—
Tanner Dev LLC
—
Deed Of Trust
related
$540,000 · Bank Of America
—
—
Seaview Land Co INC
—
Deed Of Trust
related
$160,000 · Kitsap Bank
—
—
Seaview Land Company INC
—
Deed Of Trust
related
$95,000 · Viking Bank
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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