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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Medical Office Space
1225 Campbell Way Bremerton, WA 98310-3351
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-0406488
Property summary
AI-generated overview
This exceptional 9,486 square foot medical office building, located at 1225 Campbell Way in Bremerton, Washington, presents a unique investment opportunity. Built in 1982 and situated on a 0.51-acre lot, this Class B property features two full floors, each with its own independent access. The building boasts multiple offices and restrooms on each floor, along with convenient plumbing throughout. Ample parking is provided with 26 spaces. The property is zoned for Employment Center use, offering flexibility for a variety of tenants. Recent renovations enhance the appeal of this well-maintained building. Enjoy stunning views of the Warren Avenue Bridge and Evergreen Park. Ideal for a range of users, including daycare centers, various medical practices, government offices, or professional services. The property's flexible lease terms make it an attractive proposition for both single and multiple tenants. The APN is 3976-028-004-0001. This is a truly remarkable opportunity in a desirable location, offering a blend of functionality and aesthetic appeal. Don't miss this chance to acquire a prime medical office building in Kitsap County, WA, zip code 98310.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Total area
19,096 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CITY
APN
3976-028-004-0001
UPID
US90-0406488
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
-
Elisa Esper Physician
-
Shawn Tedford Physician
-
Timothy Criscuolo Physician
-
Zumdieck Sherri L MD Physician
-
Stonestreet Cong Ying MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.10M
Owner & transaction history
Levelment T LLC · 6 yrs held
Levelment T LLC
since 2020
Last sale
$820,000
6 recorded transactions
Zoning & alternative use
CITY · Bremerton, 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 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
$1,320,000
ML approach
$1,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $820k (Jul 1 2020)
Last sale anchor
$820k
Jul 1 2020
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
$58 / 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
$610
Tax year 2024
Assessed value
$73,420
Assessed 2024
Previous assessed
$75,370
-2.6% YoY
Effective rate
0.83%
On assessed value
Assessed land
$27,780
Assessed improvement
$45,640
Land market value
$27,780
Improvement market value
$45,640
Total market value
$73,420
Applied tax rate
60.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1982
Heating
YES
Stories
2
Total area
19,096 SF
Lot
0.06 ac (2,614 SF)
Zoning code
CITY
APN
3976-028-004-0001
UPID
US90-0406488
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Bremerton, WA
Zoning CITY · permitted uses
CITY · 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.
Building & site characteristics
From public records
Year built
1982
Heating
YES
Stories
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Levelment T LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 1811, DUVALL, WA 98019-1811
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2020
$820,000
Levelment T LLC
Narrows Professtona Group LLC
Warranty Deed
—
Feb 17, 2010
—
Narrows Professional Group LLC
Adams,mark C
Quit Claim Deed
related
—
Dec 1, 2009
—
Mark C Adams
Adams,sherri L
Quit Claim Deed
related
—
Nov 7, 2003
$74,479
George A Berni
Arthur,john S & Ellen C
Quit Claim Deed
related
—
Dec 15, 1994
—
Mark C Adams
Berni,george A & Grethcen L
Quit Claim Deed
related
$530,000 · Great Northern Insured Annuity
Jul 12, 1993
—
Richard 1 2 Int Wesley
Unknown
Quit Claim Deed
related
—
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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