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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Office buildings
143 Ericksen NE Ave Bainbridge Island, WA 98110-2046
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-0664230
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1943
Total area
11,656 SF
Lot
0.57 ac (24,829 SF)
Zoning code
CITY
APN
262502-3-160-2005
UPID
US90-0664230
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
$3.36M
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$2.97M
Owner & transaction history
Haggar Scribner Properties LLP · 14 yrs held
Haggar Scribner Properties LLP
since 2011
7 recorded transactions
Zoning & alternative use
CITY · Bainbridge Island, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.8M
+16.4%
Retail stores
$4.7M
+13.5%
Apartment house (5+ units)
$4.1M
+0.4%
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 Bainbridge Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bainbridge Island 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%
$3,640,000
6.5%
$3,360,000
7%
$3,120,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,120,000
Current use
AUTO REPAIR, GARAGE
$4,795,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$4,675,000
Change: +13% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,135,000
Change: +0% · Conversion: Easy
MEDICAL BUILDING
$4,010,000
Change: -3% · Conversion: Easy
WAREHOUSE, STORAGE
$3,445,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.97M
Range $2.67M – $3.26M · ±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
$254 / 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
$40,702
Tax year 2024
Assessed value
$5,409,130
Assessed 2024
Previous assessed
$6,086,570
-11.1% YoY
Effective rate
0.75%
On assessed value
Assessed land
$1,176,120
Assessed improvement
$4,233,010
Land market value
$1,176,120
Improvement market value
$4,233,010
Total market value
$5,409,130
Applied tax rate
215.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1943
Heating
NONE
Buildings
4
Stories
1
Bathrooms
3
Total area
11,656 SF
Lot
0.57 ac (24,829 SF)
Zoning code
CITY
APN
262502-3-160-2005
UPID
US90-0664230
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Bainbridge Island, WA
Zoning CITY · permitted uses
CITY · Bainbridge Island, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bainbridge Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$4.8M
RETAIL STORES
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$4.0M
WAREHOUSE, STORAGE
Est. value
$3.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1943
Heating
NONE
Stories
1
Buildings
4
Bathrooms
3
Lot
0.57 ac
Current owner
From public records · entity-resolved
Haggar Scribner Properties LLP
Entity
Mailing address
PO BOX 10220, BAINBRIDGE ISLAND, WA 98110-0220
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 11, 2020
—
Haggar Scribner Properties LLP
—
Deed
related
$1,450,000 · Town & Country Markets INC
Aug 27, 2018
—
Haggar Scribner Properties LLP
—
Grant Deed
related
$3,000,000 · Columbia St Bk
May 25, 2018
—
Haggar Scribner Properties LLP
—
Deed
related
—
May 13, 2013
—
Haggar Scribner Properties LLP
—
Deed Of Trust
related
$4,000,000 · Us Bank NA
Feb 6, 2013
—
Haggar Scribner Properties LLP
—
Deed Of Trust
related
$3,763,958 · Washington Trust Bank
Oct 5, 2011
—
Haggar Scribner Properties LLP
Haggar Scribner Properties LLC
Quit Claim Deed
related
—
May 12, 2008
—
Haggar Scribner Properties
—
Deed Of Trust
related
$4,000,000 · Washington Trust Bank
—
—
Haggar Scribner Properties LLP
—
Deed Of Trust
related
$1,450,000 · Town & Country Markets INC
—
—
Haggar Scribner Properties LLP
—
Loan Modification
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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