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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Office buildings
1145 Madison N Ave Bainbridge Island, WA 98110-1782
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1748176
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1957
Total area
2,399 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CITY
APN
272502-1-014-2006
UPID
US90-1748176
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
$380k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$565k
Owner & transaction history
Madison Property Holdings LLC · 8 yrs held
Madison Property Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
CITY · Bainbridge Island, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Bainbridge Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bainbridge Island 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
$380,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$850,000
Current use
MEDICAL BUILDING
$825,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$710,000
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
$236 / 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
$6,290
Tax year 2024
Assessed value
$835,900
Assessed 2024
Previous assessed
$835,900
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$645,440
Assessed improvement
$190,460
Land market value
$645,440
Improvement market value
$190,460
Total market value
$835,900
Applied tax rate
215.0000
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
1957
Heating
YES
Stories
1
Total area
2,399 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CITY
APN
272502-1-014-2006
UPID
US90-1748176
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Bainbridge Island, WA
Zoning CITY · permitted uses
CITY · Bainbridge Island, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bainbridge Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$850,000
MEDICAL BUILDING
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$710,000
OFFICE BUILDING Current
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
1957
Heating
YES
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Madison Property Holdings LLC
Entity
Mailing address
63 SCOTT CT, PORT LUDLOW, WA 98365-9302
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2019
—
Madison Property Holdings LLC
—
Deed
related
$585,000 · Homestreet Bk
Jun 26, 2018
—
Madison Property Holdings LLC
Knight,thomas M & Joyce C
Warranty Deed
related
—
Sep 6, 2017
$650,000
Thomas M Knight
Leclair,timothy & Vicky
Warranty Deed
$651,000 · Homestreet Bk
Jun 19, 2002
—
Timothy Leclair
Leclair,vickey
Quit Claim Deed
related
$170,000 · Pacific Northwest Bank
Jul 3, 1997
$150,000
Vicky Leclair
Maloof,steven S & Trudy N
Quit Claim Deed
related
—
Feb 23, 1995
—
Maloof,madison Dental Group Ptsh
Spooner,david F & Marie
Quit Claim Deed
related
—
Jun 14, 1993
$300,000
Madison Dental Group
Unknown
Grant Deed
—
—
—
Madison Property Holdings LLC
—
Deed Of Trust
related
$585,000 · Homestreet Bk
—
—
Timothy C Leclair
—
Deed Of Trust
related
$1,164,000 · Kitsap Bank
—
—
Timothy C Leclair
—
Deed Of Trust
related
$100,845 · Pacific Northwest Bank
—
—
Steven S Maloof
—
Deed Of Trust
related
$221,774 · Laura Parezanin
—
—
Timothy Leclair
—
Deed Of Trust
related
$301,570 · Kitsap 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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