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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Warehouses
115 National Ave, Bremerton, WA 98312-3656
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0632632
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1992
Total area
8,100 SF
Lot
0.6 ac (26,136 SF)
Zoning code
IND
APN
4502-002-024-0201
UPID
US90-0632632
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
Current use
Occupant on record · Public records
-
Silke Communications: Bremerton, WA Electronics & Wireless Store
-
The Factory Fitness Center Gym & Fitness Center
-
Kitsap Tint Interior Design Auto Repair Shop
-
Core Vision Training Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$830k
Blend (final)
Blend
$955k
Owner & transaction history
115 National Avenue LLC · 3 yrs held
115 National Avenue LLC
since 2022
Last sale
$925,000
4 recorded transactions
Zoning & alternative use
IND · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+40.5%
Office building
$1.5M
+39.5%
Auto repair, garage
$1.5M
+32.8%
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 Bremerton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bremerton 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
$1,170,000
ML approach
$1,195,000
CAP Approach
CAP Return
Estimation
6%
$1,295,000
6.5%
$1,195,000
7%
$1,110,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,095,000
Current use
RETAIL STORES
$1,535,000
Change: +40% · Conversion: Moderate
OFFICE BUILDING
$1,525,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,450,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $925k (Oct 28 2022)
Last sale anchor
$925k
Oct 28 2022
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
$118 / 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
$5,174
Tax year 2024
Assessed value
$558,610
Assessed 2024
Previous assessed
$507,560
+10.1% YoY
Effective rate
0.93%
On assessed value
Assessed land
$164,900
Assessed improvement
$393,710
Land market value
$164,900
Improvement market value
$393,710
Total market value
$558,610
Applied tax rate
1,170.0000
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
1992
Heating
YES
Stories
1
Total area
8,100 SF
Lot
0.6 ac (26,136 SF)
Zoning code
IND
APN
4502-002-024-0201
UPID
US90-0632632
Jurisdiction
KITSAP
Zoning & alternative use
IND · Bremerton, WA
Zoning IND · permitted uses
IND · Bremerton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bremerton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE 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
1992
Heating
YES
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
115 National Avenue LLC
Entity
Mailing address
PO BOX 4457, BREMERTON, WA 98312-0384
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
$925,000
115 National Avenue LLC
Patty Ann Fox
Warranty Deed
$575,000 · Patty Fox
May 22, 1990
$40,000
Leon C Fox
Unknown
Grant Deed
—
—
—
Fox L C & P A Disclaimer Trust
—
Deed Of Trust
related
$72,357 · Kitsap Bank
—
—
Leon C Fox
—
Deed Of Trust
related
$85,321 · 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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