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Property profile & analytics
OFF-MARKET
Estimated value
$4,535,000
Warehouses
1501 Piperberry Way Port Orchard, WA 98366-1223
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0974097
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
28,950 SF
Lot
2.34 ac (101,930 SF)
Zoning code
CITY
APN
022301-4-074-2009
UPID
US90-0974097
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
-
ABC Supply Co., Inc. Big Box & Wholesale Store
-
Port Orchard Office Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.16M
CAP Approach
CAP
$4.27M
Comparable Approach
Comparable
$3.87M
Blend (final)
Blend
$4.54M
Owner & transaction history
Port Orchard 1501 LLC · 4 yrs held
Port Orchard 1501 LLC
since 2022
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
CITY · Port Orchard, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$7.4M
+24.8%
Office building
$7.2M
+21.8%
Medical building
$7.0M
+18.7%
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
$5,760,000
ML approach
$6,160,000
CAP Approach
CAP Return
Estimation
6%
$4,620,000
6.5%
$4,265,000
7%
$3,960,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,920,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$7,385,000
Change: +25% · Conversion: Moderate
OFFICE BUILDING
$7,210,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$7,030,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,025,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$4.54M
Range $4.08M – $4.99M · ±10% · vs last sale $4.55M (Feb 28 2022)
Last sale anchor
$4.55M
Feb 28 2022
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
$157 / 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
$28,215
Tax year 2024
Assessed value
$3,351,470
Assessed 2024
Previous assessed
$3,004,790
+11.5% YoY
Effective rate
0.84%
On assessed value
Assessed land
$585,130
Assessed improvement
$2,766,340
Land market value
$585,130
Improvement market value
$2,766,340
Total market value
$3,351,470
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Stories
2
Bathrooms
1
Total area
28,950 SF
Lot
2.34 ac (101,930 SF)
Zoning code
CITY
APN
022301-4-074-2009
UPID
US90-0974097
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
WAREHOUSE, STORAGE Current
Est. value
$5.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.2M
MEDICAL BUILDING
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$5.0M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
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
2006
Heating
FORCED AIR
Stories
2
Bathrooms
1
Lot
2.34 ac
Current owner
From public records · entity-resolved
Port Orchard 1501 LLC
Entity
Mailing address
20514 127TH AVE SE, SNOHOMISH, WA 98296-3936
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
—
Port Orchard 1501 LLC
—
Deed
related
$250,000 · James Kristian Etal
Feb 28, 2022
$4,545,000
Port Orchard 1501 LLC
Stephen Lloyd Properties LLC
Warranty Deed
—
Mar 29, 2019
—
Stephen Lloyd Properties LLC
—
Deed
related
$1,900,000 · Us Bk
Mar 8, 2019
$2,900,000
Stephen Lloyd Properties LLC
Bloc LLC
Warranty Deed
$1,520,280 · Wecan Group Corp
Mar 8, 2019
—
Bloc LLC
Piperberry LLC
Quit Claim Deed
related
—
Nov 28, 2018
—
Piperberry LLC
—
Deed
related
$1,340,000 · Columbia St Bk
Aug 31, 2017
$1,000,000
Piperberry LLC
First Citizens Bk & Trust Co
Grant Deed
$750,000 · Columbia St Bk
Dec 16, 2014
$1,569,583
First Citizens Bk & Trust Co
Donahue Terrence J|p & H Properties LLC
Trustees Deed
related
—
Jul 14, 2005
—
P & H Properties LLC
—
Trustees Deed
related
$1,500,000 · Venture Bank
May 13, 2004
—
P & H Properties LLC
Gates,ronald L & Diana J
Quit Claim Deed
related
—
Sep 10, 2003
$750,000
P&h Properties LLC
Young,wanda F
Grant Deed
$400,000 · Westsound Bank
May 5, 1997
—
Mark L Young
Wornell,wanda F
Quit Claim Deed
related
$46,327 · Ford Consumer Finance Co
Feb 22, 1989
—
Wanda F Young
Unknown
Grant Deed
related
—
—
—
Piperberry LLC
—
Loan Modification
related
$1,340,000 · Columbia St Bk
—
—
P & H Properties LLC
—
Deed Of Trust
related
$337,500 · Venture Bank
—
—
Stephen Lloyd Properties LLC
—
Deed Of Trust
related
$1,900,000 · Us Bk
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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