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Property profile & analytics
OFF-MARKET
Estimated value
$6,550,000
Warehouses
1590 Lundberg Rd Port Orchard, WA 98366-4516
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2822514
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Total area
29,787 SF
Lot
4.3 ac (187,308 SF)
Zoning code
CITY
APN
4625-000-005-0507
UPID
US90-2822514
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
$4.39M
Comparable Approach
Comparable
$8.97M
Blend (final)
Blend
$6.55M
Owner & transaction history
Port Orchard Storage LLC · 8 yrs held
Port Orchard Storage LLC
since 2018
3 recorded transactions
Zoning & alternative use
CITY · Port Orchard, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.2M
+34.6%
Neighborhood: shopping center
$7.6M
+24.8%
Office building
$7.4M
+21.8%
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%
$4,755,000
6.5%
$4,390,000
7%
$4,075,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,090,000
Current use
RETAIL STORES
$8,200,000
Change: +35% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,600,000
Change: +25% · Conversion: Moderate
OFFICE BUILDING
$7,415,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$7,235,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,170,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$6.55M
Range $5.90M – $7.21M · ±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
$220 / 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
$68,255
Tax year 2024
Assessed value
$8,107,440
Assessed 2024
Previous assessed
$7,659,080
+5.9% YoY
Effective rate
0.84%
On assessed value
Assessed land
$804,270
Assessed improvement
$7,303,170
Land market value
$804,270
Improvement market value
$7,303,170
Total market value
$8,107,440
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
2019
Heating
NONE
Buildings
8
Stories
1
Total area
29,787 SF
Lot
4.3 ac (187,308 SF)
Zoning code
CITY
APN
4625-000-005-0507
UPID
US90-2822514
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Port Orchard, WAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.1M
RETAIL STORES
Est. value
$8.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.6M
OFFICE BUILDING
Est. value
$7.4M
MEDICAL BUILDING
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$5.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
2019
Heating
NONE
Stories
1
Buildings
8
Lot
4.3 ac
Current owner
From public records · entity-resolved
Port Orchard Storage LLC
Entity
Free & Clear · 8 yrs held
Mailing address
601 VLY AVE NE STE A, PUYALLUP, WA 98372-2530
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2018
—
Port Orchard Storage LLC
—
Trustees Deed
related
$6,830,000 · Kitsap Bk
Apr 2, 2018
$1,200,000
Port Orchard Storage LLC
Goodwin Family Ents LLC
Warranty Deed
—
Aug 8, 2017
—
Goodwin Family Ents LLC
Goodwin,william J & Teresa L
Quit Claim Deed
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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