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Property profile & analytics
OFF-MARKET
Estimated value
$46,370,000
Parking lots & garages
1780 Myhre Rd Silverdale, WA 98383-8676
Entity Owned
3-yr Hold
Free & Clear
Property ID
US90-0640339
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2017
Total area
244,870 SF
Lot
24.29 ac (1,058,072 SF)
Zoning code
RC
APN
162501-4-102-2007
UPID
US90-0640339
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
-
St. Michael Medical Center Foundation Charitable Organization Social Service Agency
-
Harrison HealthPartners Breast Care & General Surgery Medical Clinic
-
The Doctors Clinic: Catharine Giani, DO Physician
-
Caoilin M Hoctor Physician
-
Vera Korol Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$46.37M
Owner & transaction history
Kitsap County Transportation · 3 yrs held
Kitsap County Transportation
since 2022
5 recorded transactions
Zoning & alternative use
RC · Silverdale, 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 Silverdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silverdale 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$58,095,000
Current use
COMMERCIAL (GENERAL)
$55,380,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$46.37M
Range $41.73M – $51.01M · ±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
$189 / 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
Assessed value
$507,748,140
Assessed 2024
Previous assessed
$345,289,170
+47.1% YoY
Assessed land
$7,388,380
Assessed improvement
$500,359,760
Land market value
$7,388,380
Improvement market value
$500,359,760
Total market value
$507,748,140
Applied tax rate
6,410.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2017
Heating
YES
Buildings
9
Stories
4
Total area
244,870 SF
Lot
24.29 ac (1,058,072 SF)
Zoning code
RC
APN
162501-4-102-2007
UPID
US90-0640339
Jurisdiction
KITSAP
Zoning & alternative use
RC · Silverdale, WA
Zoning RC · permitted uses
RC · Silverdale, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Silverdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$58.1M
COMMERCIAL (GENERAL)
Est. value
$55.4M
PARKING LOT Current
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
2017
Heating
YES
Stories
4
Buildings
9
Lot
24.29 ac
Current owner
From public records · entity-resolved
Kitsap County Transportation
Entity
Free & Clear · 3 yrs held
Mailing address
2520 CHERRY AVE, BREMERTON, WA 98310-4229
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2022
$990,000
Kitsap County Transportation
Harrison Medical Center
Bargain And Sale Deed
—
Mar 25, 2022
—
Kitsap County
Harrison Memorial Hospital
Warranty Deed
—
Jan 18, 2001
$7,500,000
Puget Sound Investment Propert
Harrison Memorial Hospital
Grant Deed
$5,625,000 · American Investors Life Ins
Aug 16, 1999
—
Washington State
Harrison Memorial Hospital
Quit Claim Deed
related
—
—
—
Puget Sound Inv Props LLC
—
Deed Of Trust
related
$3,000,000 · Harrison Medical Center
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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