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Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
Automotive properties
1200 Charleston Bch W Rd Bremerton, WA 98312-4501
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1239740
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1957
Total area
26,676 SF
Lot
1.42 ac (61,855 SF)
Zoning code
C
APN
222401-4-092-2002
UPID
US90-1239740
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
-
Bremerton Marina Port
-
South Bound Motorsports - Bremerton Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.72M
Blend (final)
Blend
$3.07M
Owner & transaction history
Mkb Holdings LLC · 4 yrs held
Mkb Holdings LLC
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
C · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.1M
+5.8%
Office building
$5.0M
+5.1%
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
$3,170,000
ML approach
$3,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,780,000
Current use
RETAIL STORES
$5,060,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$5,025,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±10% · vs last sale $2.50M (Apr 5 2022)
Last sale anchor
$2.50M
Apr 5 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
$115 / 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
$23,367
Tax year 2024
Assessed value
$3,142,420
Assessed 2024
Previous assessed
$2,593,220
+21.2% YoY
Effective rate
0.74%
On assessed value
Assessed land
$362,230
Assessed improvement
$2,780,190
Land market value
$362,230
Improvement market value
$2,780,190
Total market value
$3,142,420
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1957
Heating
YES
Stories
2
Total area
26,676 SF
Lot
1.42 ac (61,855 SF)
Zoning code
C
APN
222401-4-092-2002
UPID
US90-1239740
Jurisdiction
KITSAP
Zoning & alternative use
C · Bremerton, WAZoning C · permitted uses
C · Bremerton, 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
AUTO REPAIR, GARAGE Current
Est. value
$4.8M
RETAIL STORES
Est. value
$5.1M
OFFICE BUILDING
Est. value
$5.0M
AUTO REPAIR, GARAGE Current
RETAIL STORES
OFFICE BUILDING
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
2
Lot
1.42 ac
Current owner
From public records · entity-resolved
Mkb Holdings LLC
Entity
Mailing address
2724 96TH ST S, LAKEWOOD, WA 98499-9396
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2022
$2,500,000
Mkb Holdings LLC
Bryan W Schoening
Warranty Deed
$1,277,600 · Heritage Southeast Bank
Nov 14, 2019
—
Schoening,m Marital Dedu Trust
Schoening Cw Family Trust
Quit Claim Deed
related
—
Sep 5, 2012
—
Schoening C W Family Trust
Schoening,clifford W & Marion
Quit Claim Deed
related
—
Jul 23, 2012
—
Schoening C W Family Trust
Schoening,clifford W & Marion
Quit Claim Deed
related
—
May 24, 2006
$1,500,000
Clifford W Schoening
Sound Inst Of Fam & Childrens Sv
Warranty Deed
$1,200,000 · Westsound Bank
Oct 14, 2004
—
State Of Washington
Sound Inst Of Fam & Childrens Sv
Warranty Deed
related
—
Aug 29, 1989
$800,000
Sound Institute Of Family &
Unknown
Grant Deed
—
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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