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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Office buildings
1487 Dawn Rd Bremerton, WA 98311-3122
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US90-0542136
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Total area
6,400 SF
Lot
0.73 ac (31,799 SF)
Zoning code
C
APN
352501-1-113-2007
UPID
US90-0542136
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
-
Mrs. Karin Persson-Medina Health Care Facility
-
Shannon C. Stewart, LMT Physician
-
Smith Chiropractic & Sports Rehab Alternative Medicine Practice
-
Smith Chiropractic: Graeme Smith DC Alternative Medicine Practice
-
Graeme Smith, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.37M
Owner & transaction history
Kitsap Healing Arts LLC · 16 yrs held
Kitsap Healing Arts LLC
since 2009
6 recorded transactions
Zoning & alternative use
C · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+88.5%
Neighborhood: shopping center
$1.6M
+35.5%
Medical building
$1.6M
+28.9%
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 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%
$1,620,000
6.5%
$1,495,000
7%
$1,390,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,205,000
Current use
RESTAURANT
$2,270,000
Change: +88% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,635,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$1,555,000
Change: +29% · Conversion: Easy
RETAIL STORES
$1,215,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,145,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±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
$214 / 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
$10,848
Tax year 2024
Assessed value
$1,236,900
Assessed 2024
Previous assessed
$1,236,900
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$205,670
Assessed improvement
$1,031,230
Land market value
$205,670
Improvement market value
$1,031,230
Total market value
$1,236,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Heating
NONE
Stories
2
Bathrooms
2
Total area
6,400 SF
Lot
0.73 ac (31,799 SF)
Zoning code
C
APN
352501-1-113-2007
UPID
US90-0542136
Jurisdiction
KITSAP
Zoning & alternative use
C · Bremerton, WA
Zoning C · permitted uses
C · 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
OFFICE BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2009
Heating
NONE
Stories
2
Bathrooms
2
Lot
0.73 ac
Current owner
From public records · entity-resolved
Kitsap Healing Arts LLC
Entity
Mailing address
1487 NE DAWN RD, BREMERTON, WA 98311-3122
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2023
—
Kitsap Healing Arts LLC
—
Deed
related
$825,000 · Kitsap Bank
Oct 1, 2009
$340,000
Kitsap Healing Arts LLC
Dawn Place LLC
Warranty Deed
$803,000 · Kitsap Bank
—
—
Dawn Place LLC
—
Deed Of Trust
related
$300,000 · Interwest Bank
—
—
Dawn Place LLC
—
Deed Of Trust
related
$175,000 · Westsound Bank
—
—
Dawn Place LLC
—
Deed Of Trust
related
$127,700 · Timberland Bank
—
—
Kitsap Healing Arts LLC
—
Deed Of Trust
related
$362,000 · Northwest Busn Dev Assn
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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