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Property profile & analytics
OFF-MARKET
Estimated value
$9,990,000
Retail space
1720 Mile Hl Dr, Port Orchard, WA 98366-3512
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-2181546
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Total area
22,586 SF
Zoning code
CH
APN
362401-2-070-2006
UPID
US90-2181546
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
-
Port Orchard Goodwill Charitable Organization Social Service Agency
-
Drop Box Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.99M
Owner & transaction history
Vikingz LLC · 5 yrs held
Vikingz LLC
since 2021
Last sale
$9.4M
4 recorded transactions
Zoning & alternative use
CH · Port Orchard, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.7M
+119.9%
Commercial (general)
$10.2M
+63.2%
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
$10,680,000
ML approach
$10,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,220,000
Current use
RESTAURANT
$13,675,000
Change: +120% · Conversion: Easy
COMMERCIAL (GENERAL)
$10,150,000
Change: +63% · Conversion: Easy
Blend value · Realmo final
$9.99M
Range $8.99M – $10.99M · ±10% · vs last sale $9.40M (Apr 30 2021)
Last sale anchor
$9.40M
Apr 30 2021
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
$442 / 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
$12,594
Tax year 2024
Assessed value
$1,495,978
Assessed 2024
Previous assessed
$1,517,498
-1.4% YoY
Effective rate
0.84%
On assessed value
Assessed improvement
$1,495,978
Improvement market value
$1,495,978
Total market value
$1,495,978
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Heating
YES
Buildings
2
Stories
1
Total area
22,586 SF
Zoning code
CH
APN
362401-2-070-2006
UPID
US90-2181546
Jurisdiction
KITSAP
Zoning & alternative use
CH · Port Orchard, WA
Zoning CH · permitted uses
CH · 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
$6.2M
RESTAURANT
Est. value
$13.7M
COMMERCIAL (GENERAL)
Est. value
$10.2M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1981
Heating
YES
Stories
1
Buildings
2
Current owner
From public records · entity-resolved
Vikingz LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7900 SE 28TH ST STE #500, MERCER ISLAND, WA 98040-6004
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2021
$9,400,000
Vikingz LLC
South Kitsap Mall INC
Warranty Deed
—
Oct 21, 2013
$100,000
South Kitsap Mall INC
Newkirk Spokmont LP
Grant Deed
—
Jan 24, 2005
$6,445,000
South Kitsap Mall INC
Gehring Mall LLC
Warranty Deed
—
Jun 29, 2001
—
Gehring Mall LLC
Gehring,glenny R
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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