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Property profile & analytics
OFF-MARKET
Estimated value
$9,970,000
Outlet malls
1730 Mile Hl Dr Port Orchard, WA 98366-3512
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-1267326
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1980
Total area
28,340 SF
Lot
0.01 ac (435 SF)
Zoning code
CH
APN
362401-2-057-2003
UPID
US90-1267326
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
-
Grocery Outlet Grocery & Convenience Store Food Market
-
The Muscle Lab Gym & Fitness Center
-
Kitsap Physical Therapy and Sports Clinics - The RACC Medical Clinic
-
Kitsap Physical Therapy and Sports Clinics - PO Satellite Medical Clinic
-
The RACC Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.97M
Owner & transaction history
Vikingz LLC · 5 yrs held
Vikingz LLC
since 2021
Last sale
$9.4M
3 recorded transactions
Zoning & alternative use
CH · Port Orchard, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.7M
+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
$10,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,800,000
Current use
COMMERCIAL (GENERAL)
$12,735,000
Change: +63% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,230,000
Change: -7% · Conversion: Moderate
OFFICE BUILDING
$7,055,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$6,880,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$9.97M
Range $8.97M – $10.97M · ±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
$352 / 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
$16,104
Tax year 2024
Assessed value
$1,912,869
Assessed 2024
Previous assessed
$1,940,386
-1.4% YoY
Effective rate
0.84%
On assessed value
Assessed improvement
$1,912,869
Improvement market value
$1,912,869
Total market value
$1,912,869
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1980
Heating
YES
Stories
1
Total area
28,340 SF
Lot
0.01 ac (435 SF)
Zoning code
CH
APN
362401-2-057-2003
UPID
US90-1267326
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
$7.8M
COMMERCIAL (GENERAL)
Est. value
$12.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
OFFICE BUILDING
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$6.9M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
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
1980
Heating
YES
Stories
1
Lot
0.01 ac
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2022
—
Vikingz LLC
—
Deed
related
$1,475,000 · Kitsap Bank
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
—
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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