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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Office buildings
1616 Ellis Ct Port Orchard, WA 98367-8765
Individually Owned
3-yr Hold
Free & Clear
Property ID
US90-0169601
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
6,626 SF
Lot
0.75 ac (32,670 SF)
Zoning code
IND
APN
4796-031-001-0004
UPID
US90-0169601
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
-
Sheri's Waxing & Skin Spa & Massage Center Skin Care Clinic
-
Sheris waxing and skin Spa & Massage Center
-
Sedona Beauty Co. Hair Salon Nail Salon
-
Sweet (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.01M
Owner & transaction history
Christine Mari Stephens · 3 yrs held
Christine Mari Stephens
since 2022
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
IND · 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
$1,075,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,650,000
Current use
MEDICAL BUILDING
$1,610,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$1,355,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $850k (Aug 15 2022)
Last sale anchor
$850k
Aug 15 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
$152 / 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
$6,172
Tax year 2024
Assessed value
$750,150
Assessed 2024
Previous assessed
$728,270
+3.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$143,740
Assessed improvement
$606,410
Land market value
$143,740
Improvement market value
$606,410
Total market value
$750,150
Applied tax rate
8,170.0000
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
1999
Heating
YES
Stories
2
Bathrooms
3
Total area
6,626 SF
Lot
0.75 ac (32,670 SF)
Zoning code
IND
APN
4796-031-001-0004
UPID
US90-0169601
Jurisdiction
KITSAP
Zoning & alternative use
IND · Port Orchard, WA
Zoning IND · permitted uses
IND · 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
OFFICE BUILDING Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
OFFICE BUILDING Current
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
1999
Heating
YES
Stories
2
Bathrooms
3
Lot
0.75 ac
Current owner
From public records · entity-resolved
Christine Mari Stephens
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 2523, BREMERTON, WA 98310-0327
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
Aug 15, 2022
$850,000
Christine Mari Stephens
Nsig Investors LLC
Warranty Deed
—
Feb 26, 2009
—
Nsig Investors LLC
Starlie LLC
Deed In Lieu Of Foreclosure
related
—
Aug 22, 2006
$680,000
Starlie LLC
Jemr LLC
Warranty Deed
$680,000 · Nsig Investors LLC
Aug 27, 2002
—
Jemr LLC
Ecklund,eugene & Judith
Quit Claim Deed
related
—
Sep 29, 2000
$300,000
Eugene Ecklund
Olsen,loren M & Karen T
Grant Deed
$355,234 · Kitsap Bank
Jan 31, 1997
$17,000
Loren M Olsen
Claar,david E
Grant Deed
—
May 14, 1996
$3,500
David E Claar
Ady,richard D
Quit Claim Deed
related
—
—
—
Eugene Ecklund
—
Deed Of Trust
related
$62,084 · Kitsap Bank
—
—
Karen T Olsen
—
Deed Of Trust
related
$25,000 · Miv LLC
—
—
Karen T Marcenbach-osen
—
Deed Of Trust
related
$170,000 · Miv LLC
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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