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Property profile & analytics
OFF-MARKET
Estimated value
$1,855,000
Grocery and convenience stores
14174 Holly Rd, Seabeck, WA 98380-9434
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1639505
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1991
Total area
5,200 SF
Lot
3.81 ac (165,964 SF)
Zoning code
RCO
APN
052401-3-004-1004
UPID
US90-1639505
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
by Request
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.86M
Owner & transaction history
Msalk 2 LLC · 8 yrs held
Msalk 2 LLC
since 2018
7 recorded transactions
Zoning & alternative use
RCO · Seabeck, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+76.1%
Retail stores
$1.4M
+7.9%
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 Seabeck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seabeck 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%
$2,025,000
6.5%
$1,865,000
7%
$1,735,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,325,000
Current use
COMMERCIAL (GENERAL)
$2,335,000
Change: +76% · Conversion: Easy
RETAIL STORES
$1,430,000
Change: +8% · Conversion: Easy
OFFICE BUILDING
$1,295,000
Change: -2% · Conversion: Moderate
MEDICAL BUILDING
$1,265,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.86M
Range $1.67M – $2.04M · ±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
$357 / 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
$26,312
Tax year 2024
Assessed value
$2,943,740
Assessed 2024
Previous assessed
$2,897,520
+1.6% YoY
Effective rate
0.89%
On assessed value
Assessed land
$270,700
Assessed improvement
$2,673,040
Land market value
$270,700
Improvement market value
$2,673,040
Total market value
$2,943,740
Applied tax rate
6,070.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1991
Heating
YES
Buildings
6
Stories
1
Total area
5,200 SF
Lot
3.81 ac (165,964 SF)
Zoning code
RCO
APN
052401-3-004-1004
UPID
US90-1639505
Jurisdiction
KITSAP
Zoning & alternative use
RCO · Seabeck, WA
Zoning RCO · permitted uses
RCO · Seabeck, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seabeck. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
MEDICAL 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
1991
Heating
YES
Stories
1
Buildings
6
Lot
3.81 ac
Current owner
From public records · entity-resolved
Msalk 2 LLC
Entity
Mailing address
14174 NW HOLLY RD, SEABECK, WA 98380-9434
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2020
—
Msalk 2 LLC
—
Deed
related
$350,000 · Ki H Oh
Jan 9, 2019
—
Msalk 2 LLC
—
Deed
related
$350,000 · Joong G Kang
May 23, 2018
$2,011,236
Msalk 2 LLC
Serizon 1 LLC
Warranty Deed
—
Apr 27, 2018
—
Msalk 2 LLC
—
Deed
related
$2,500,000 · Commonwealth Busn Bk
Aug 3, 2011
$2,450,000
Serizon 1 LLC
Graden LLC
Warranty Deed
$2,540,000 · Hanmi Bank
Jan 24, 2005
$960,000
Graden LLC
Templeton,julius P & Ann L
Warranty Deed
$1,400,000 · Westsound Bank
Aug 12, 1988
—
Julius Templeton
Unknown
Grant Deed
related
—
—
—
Msalk 2 LLC
—
Deed Of Trust
related
$350,000 · Joong G Kang
—
—
Graden LLC
—
Deed Of Trust
related
$1,698,176 · Westsound Bank
—
—
Julius P Templeton
—
Deed Of Trust
related
$175,000 · Westsound Bank
—
—
Msalk 2 LLC
—
Deed Of Trust
related
$2,500,000 · Commonwealth Busn Bk
—
—
Msalk 2 LLC
—
Deed Of Trust
related
$350,000 · Ki H Oh
—
—
Graden LLC
—
Deed Of Trust
related
$42,000 · Westsound 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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