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Property profile & analytics
OFF-MARKET
Estimated value
$3,925,000
Outlet malls
1805 Lund Ave Port Orchard, WA 98366-5555
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1175975
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2000
Total area
23,940 SF
Lot
1.99 ac (86,684 SF)
Zoning code
CITY
APN
362401-3-081-2001
UPID
US90-1175975
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
-
Staples (Bike/Boat/Book/etc) Store
-
Staples Print & Marketing Services (Bike/Boat/Book/etc) Store Printing Service
-
GI Joe's Fitness and nutrition Gym & Fitness Center
-
UPS Alliance Shipping Partner Courier Service Postal Service
-
Thomas Garvey Law, PLLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.27M
Comparable Approach
Comparable
$2.95M
Blend (final)
Blend
$3.93M
Owner & transaction history
Pietromonaco Of Port Orchard LLC · 7 yrs held
Pietromonaco Of Port Orchard LLC
since 2019
3 recorded transactions
Zoning & alternative use
CITY · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,625,000
6.5%
$4,270,000
7%
$3,965,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,110,000
Change: -7% · Conversion: Moderate
OFFICE BUILDING
$5,960,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$5,815,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.93M
Range $3.53M – $4.32M · ±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
$164 / 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
$25,311
Tax year 2024
Assessed value
$3,006,490
Assessed 2024
Previous assessed
$2,612,660
+15.1% YoY
Effective rate
0.84%
On assessed value
Assessed land
$602,420
Assessed improvement
$2,404,070
Land market value
$602,420
Improvement market value
$2,404,070
Total market value
$3,006,490
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
2000
Heating
YES
Stories
1
Total area
23,940 SF
Lot
1.99 ac (86,684 SF)
Zoning code
CITY
APN
362401-3-081-2001
UPID
US90-1175975
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Port Orchard, WAZoning CITY · permitted uses
CITY · Port Orchard, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
OFFICE BUILDING
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$5.8M
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
2000
Heating
YES
Stories
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Pietromonaco Of Port Orchard LLC
Entity
Mailing address
PO BOX 776, MERCER ISLAND, WA 98040-0776
Ownership since
2019
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
Jun 28, 2019
$2,394,000
Pietromonaco Of Port Orchard LLC
Mccandless Port Orchard LLC
Warranty Deed
$1,400,000 · Miscellaneous Ins Co
Dec 29, 2006
—
Mccandless Port Orchard LLC
Mccandless Exempt Marital Trus
Quit Claim Deed
related
—
Mar 9, 2004
—
Mccandless Trust
Mccandless C S Trust
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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