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Property profile & analytics
OFF-MARKET
Estimated value
$9,475,000
Individual retail properties
11700 Meadowmeer NE Cir Bainbridge Island, WA 98110-4202
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0785509
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2005
Total area
14,284 SF
Lot
5.61 ac (244,372 SF)
Zoning code
CITY
APN
102502-3-011-2004
UPID
US90-0785509
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
$10.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.48M
Owner & transaction history
Bainbridge Island Metropolitan Park · 4 yrs held
Bainbridge Island Metropolitan Park
since 2021
Last sale
$8.8M
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
$9,940,000
ML approach
$10,460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.48M
Range $8.53M – $10.42M · ±10% · vs last sale $8.75M (Aug 31 2021)
Last sale anchor
$8.75M
Aug 31 2021
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
$663 / 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
Assessed value
$4,298,940
Assessed 2024
Previous assessed
$4,298,940
+0.0% YoY
Assessed land
$476,270
Assessed improvement
$3,822,670
Land market value
$476,270
Improvement market value
$3,822,670
Total market value
$4,298,940
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2005
Heating
YES
Stories
2
Total area
14,284 SF
Lot
5.61 ac (244,372 SF)
Zoning code
CITY
APN
102502-3-011-2004
UPID
US90-0785509
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.
Building & site characteristics
From public records
Year built
2005
Heating
YES
Stories
2
Lot
5.61 ac
Current owner
From public records · entity-resolved
Bainbridge Island Metropolitan Park
Individual
Mailing address
11700 MEADOWMEER CIR NE, BAINBRIDGE ISLAND, WA 98110-4202
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
$8,750,000
Bainbridge Island Metropolitan Park
Bac Court LLC
Bargain And Sale Deed
—
Jan 2, 2020
—
Bac Court LLC
—
Deed
related
$2,439,261 · Jp Morgan Chase Bk
Jul 21, 2016
—
Kishkes LLC
—
Deed
related
$2,439,261 · Jp Morgan Chase Bk
Nov 30, 2009
—
Kishkes LLC
—
Trustees Deed
related
$242,812 · J P Morgan Chase Bank
Sep 28, 2004
—
Kishkes LLC
Forecourt INC
Quit Claim Deed
related
$4,156,000 · Frontier Bank
—
—
Kishkes LLC
—
Deed Of Trust
related
$243,200 · Frontier Bank
—
—
Kishkes LLC
—
Deed Of Trust
related
$1,500,000 · Rural Housing & Community Dev
—
—
Bac Court LLC
—
Deed Of Trust
related
$2,439,261 · Jp Morgan Chase Bk
—
—
Island Racquet Club Bainbridge
—
Deed Of Trust
related
$50,506 · American Marine Bank
—
—
Kishkes LLC
—
Deed Of Trust
related
$2,439,261 · Jp Morgan Chase Bk
—
—
Forecourt INC
—
Deed Of Trust
related
$600,000 · Frontier Bank
—
—
Kishkes LLC
—
Deed Of Trust
related
$121,800 · Frontier Bank
—
—
Forecourt INC
—
Deed Of Trust
related
$240,000 · Frontier Bank
—
—
Island Racquet Club Bainbridge
—
Deed Of Trust
related
$50,506 · American Marine Bank
—
—
Kishkes LLC
—
Deed Of Trust
related
$248,000 · Evergreen Business Capital
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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