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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Medical Office Space
1425 Franklin Ave Bremerton, WA 98311-3026
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-0454660
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Total area
6,872 SF
Lot
2.65 ac (115,434 SF)
Zoning code
UH
APN
352501-4-046-2003
UPID
US90-0454660
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
-
Ashmore Orthodontics Dental Office
-
Mayfield & Ashmore DDS PLLC Dental Office
-
Dentistry for Children Dental Office
-
Jeffrey Hays Dental Office
-
Katrina Huizing Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
$982k
Blend (final)
Blend
$1.39M
Owner & transaction history
Franklin Park Peds LLC · 15 yrs held
Franklin Park Peds LLC
since 2010
4 recorded transactions
Zoning & alternative use
UH · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+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%
$2,040,000
6.5%
$1,885,000
7%
$1,750,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,670,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,755,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±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
$14,597
Tax year 2024
Assessed value
$1,664,440
Assessed 2024
Previous assessed
$1,664,440
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$254,040
Assessed improvement
$1,410,400
Land market value
$254,040
Improvement market value
$1,410,400
Total market value
$1,664,440
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
1979
Heating
YES
Stories
2
Total area
6,872 SF
Lot
2.65 ac (115,434 SF)
Zoning code
UH
APN
352501-4-046-2003
UPID
US90-0454660
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
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
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
1979
Heating
YES
Stories
2
Lot
2.65 ac
Current owner
From public records · entity-resolved
Franklin Park Peds LLC
Entity
Mailing address
1425 NE FRANKLIN AVE, BREMERTON, WA 98311-3026
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Nov 3, 2010
—
Franklin Park Peds LLC
—
Trustees Deed
related
$773,100 · Key Bank NA
Oct 4, 2010
$1,200,000
Franklin Park Peds LLC
Franklin Park LLC
Warranty Deed
related
$773,100 · Key Bank NA
Jun 3, 2004
—
Franklin Park LLC
Fogle,douglas J
Quit Claim Deed
related
—
—
—
Franklin Park Peds LLC
—
Deed Of Trust
related
$635,000 · 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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