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Property profile & analytics
OFF-MARKET
Estimated value
$9,290,000
Grocery and convenience stores
1434 Olney SE Ave, Port Orchard, WA 98366-4041
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-1086183
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1990
Total area
55,647 SF
Lot
4.71 ac (205,168 SF)
Zoning code
CITY
APN
252401-4-072-2003
UPID
US90-1086183
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
-
Starbucks Cafe & Coffee Shop
-
Albertsons Pharmacy Pharmacy
-
Western Union Bank Credit Union
-
Primo Water Refill & Exchange Big Box & Wholesale Store
-
Albertsons Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.93M
Comparable Approach
Comparable
$7.31M
Blend (final)
Blend
$9.29M
Owner & transaction history
Albertson S LLC · 3 yrs held
Albertson S LLC
since 2022
7 recorded transactions
Zoning & alternative use
CITY · Port Orchard, 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 Port Orchard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Orchard 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%
$10,750,000
6.5%
$9,925,000
7%
$9,215,000
Alternative Use
Use
Estimation
RETAIL STORES
$15,320,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$14,195,000
Change: -7% · Conversion: Moderate
OFFICE BUILDING
$13,855,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$13,510,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$9.29M
Range $8.36M – $10.22M · ±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
$167 / 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
$62,666
Tax year 2024
Assessed value
$7,443,600
Assessed 2024
Previous assessed
$7,443,600
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$1,044,730
Assessed improvement
$6,398,870
Land market value
$1,044,730
Improvement market value
$6,398,870
Total market value
$7,443,600
Applied tax rate
810.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1990
Heating
YES
Stories
1
Total area
55,647 SF
Lot
4.71 ac (205,168 SF)
Zoning code
CITY
APN
252401-4-072-2003
UPID
US90-1086183
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Port Orchard, WA
Zoning CITY · permitted uses
CITY · Port Orchard, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Orchard. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$15.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.2M
OFFICE BUILDING
Est. value
$13.9M
MEDICAL BUILDING
Est. value
$13.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1990
Heating
YES
Stories
1
Lot
4.71 ac
Current owner
From public records · entity-resolved
Albertson S LLC
Entity
Free & Clear · 3 yrs held
Mailing address
250 E PARKCENTER BLVD, BOISE, ID 83706-3940
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2022
—
Albertson S LLC
Aci Real Estate Spe 171 LLC
Special Warranty Deed
—
Jun 18, 2020
—
Aci Real Estate Spe 171 LLC
Abs Wa-o LLC
Grant Deed
related
—
Jan 4, 2018
—
Abs Wa-o LLC
—
Deed
related
—
Jun 27, 2014
—
Abs Wa-o LLC
—
Loan Modification
related
$1,450,000,000 · Citibank NA
Apr 8, 2013
—
Abs Wa-o LLC
New Albertsons INC
Warranty Deed
related
—
Dec 5, 2012
—
New Albertsons INC
—
Deed Of Trust
related
$1,650,000,000 · Wells Fargo Bank
Aug 8, 2006
—
New Albertsons INC
Albertsons LLC
Quit Claim Deed
related
—
—
—
Abs Wa-o LLC
—
Deed Of Trust
related
$1,145,000,000 · Wilmington Tr
—
—
Abs Wa-o LLC
—
Deed Of Trust
related
$850,000,000 · Bank Of America
—
—
Abs Wa-o LLC
—
Deed Of Trust
related
$1,150,000,000 · Citicorp Svgs/fl
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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