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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Medical Office Space
1275 Franklin Ave Bremerton, WA 98311-3005
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1289817
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Total area
6,500 SF
Lot
2.36 ac (102,802 SF)
Zoning code
UH
APN
352501-4-068-2006
UPID
US90-1289817
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
-
Fogle Family Dentistry Dental Office
-
Kristine Clay Counselor
-
Dr. Jay Fogle Dental Office
-
Dr. Danielle R. Juarez, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.78M
Comparable Approach
Comparable
$924k
Blend (final)
Blend
$1.32M
Owner & transaction history
Franklin Park LLC · 22 yrs held
Franklin Park LLC
since 2004
4 recorded transactions
Zoning & alternative use
UH · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,930,000
6.5%
$1,780,000
7%
$1,655,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,580,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,660,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$202 / 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
$13,736
Tax year 2024
Assessed value
$1,566,180
Assessed 2024
Previous assessed
$1,566,180
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$231,930
Assessed improvement
$1,334,250
Land market value
$231,930
Improvement market value
$1,334,250
Total market value
$1,566,180
Applied tax rate
6,480.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1981
Heating
YES
Stories
2
Total area
6,500 SF
Lot
2.36 ac (102,802 SF)
Zoning code
UH
APN
352501-4-068-2006
UPID
US90-1289817
Jurisdiction
KITSAP
Zoning & alternative use
UH · Bremerton, WA
Zoning UH · permitted uses
UH · 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
MEDICAL BUILDING Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1981
Heating
YES
Stories
2
Lot
2.36 ac
Current owner
From public records · entity-resolved
Franklin Park LLC
Entity
Mailing address
27600 STATE HWY 104TH NE, KINGSTON, WA 98346-9493
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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
Jun 3, 2004
—
Franklin Park LLC
Fogle,douglas J & Claudia J
Quit Claim Deed
related
—
—
—
Franklin Park LLC
—
Deed Of Trust
related
$300,000 · Viking Bank
—
—
Franklin Park LLC
—
Deed Of Trust
related
$150,000 · American West Bk
—
—
Franklin Park LLC
—
Loan Modification
related
$176,000 · American West Bk
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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