1720 Mile Hl Dr Port Orchard, WA 98366-3512
Entity Owned
5-yr Hold
Free & Clear
Estimated value (blended)
$10.68M
Range $9.61M – $11.75M (±10%)
Implied cap rate
2.50%
In-place · NOI ÷ last sale
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
Current use
Occupant on record · Public records
-
Charitable Organization Social Service Agency
-
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
$10.68M
Owner & transaction history
since 2021
Last sale
$9.4M
4 recorded transactions
Zoning & alternative use
CH · Port Orchard, WA
Zoning description
Ch 20.41 TRANSFER OF DEVELOPMENT RIGHTS PROGRAM Ch 20.42 SITE-SPECIFIC REZONES Ch 20.46 DESIGNATED LAND USES Ch 20.50 CONDITIONAL USE PERMITS Ch 20.54 NONCONFORMITIES Ch 20.58 TEMPORARY USES Sbt IV SUPPLEMENTAL ZONING RE…
General category
COMMERCIAL
Top alternative use upside
Restaurant
$13.7M
+119.9%
Commercial (general)
$10.2M
+63.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$10.68M
Value range
$9.61M – $11.75M
±10% around blend
Estimated value / SF
$473 / SF
Confidence
Low
3 county-verified comps
Property data
75
Market benchmarks
33
Comparable evidence
30
$9.61M
blend $10.68M
$11.75M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,586 SF
Year built
1981
Stories
1
APN
362401-2-070-2006
Assessed value
$1,495,978
Annual tax
$12,594
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$5.87M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
18.8 mi away · 16,000 SF
21.4 mi away · 18,870 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$10.68M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 88 sales
$275
+72%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $473/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+120%
vs current-use indication
Commercial (general)
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
Implied cap rate
2.50%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$658k *
Last sale · Apr 2021
$9.40M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$26.32M
Move the market yield to see immediate price impact.
Value / SF
$1,165
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.00%2.50%3.00%
$592k
$29.61M
$23.69M
$19.74M
$658k
$32.90M
$26.32M
$21.93M
$724k
$36.19M
$28.95M
$24.13M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$5.89M
11.0 mi · Dec 2025 · $344/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, WAZoning CH · permitted uses
CH · Port Orchard, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Ch 20.41 TRANSFER OF DEVELOPMENT RIGHTS PROGRAM Ch 20.42 SITE-SPECIFIC REZONES Ch 20.46 DESIGNATED LAND USES Ch 20.50 CONDITIONAL USE PERMITS Ch 20.54 NONCONFORMITIES Ch 20.58 TEMPORARY USES Sbt IV SUPPLEMENTAL ZONING RE…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
YES
Stories
1
Buildings
2
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
CH
COMMERCIAL
Jurisdiction
Port Orchard, WA
Recorded code
CH
Official district
CH
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CH in Port Orchard, WA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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