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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Turn key restaurants
1821 Lund Ave Port Orchard, WA 98366-5555
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0796534
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2006
Total area
3,056 SF
Lot
0.54 ac (23,522 SF)
Zoning code
CITY
APN
362401-3-056-2002
UPID
US90-0796534
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
-
Cosmo's Ristorante & Delicatessen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$975k
Owner & transaction history
Three Star Kisan LLC · 1 yrs held
Three Star Kisan LLC
since 2024
Last sale
$975,000
7 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
$975,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $975k (Sep 25 2024)
Last sale anchor
$975k
Sep 25 2024
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
$319 / 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
$6,094
Tax year 2024
Assessed value
$723,900
Assessed 2024
Previous assessed
$723,900
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$200,650
Assessed improvement
$523,250
Land market value
$200,650
Improvement market value
$523,250
Total market value
$723,900
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2006
Heating
BASEBOARD
Stories
1
Bathrooms
2
Total area
3,056 SF
Lot
0.54 ac (23,522 SF)
Zoning code
CITY
APN
362401-3-056-2002
UPID
US90-0796534
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Port Orchard, WA
Zoning 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
Port Orchard. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Heating
BASEBOARD
Stories
1
Bathrooms
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Three Star Kisan LLC
Entity
Mailing address
PO BOX 583RD PRT ORCHARD
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2024
$975,000
Three Star Kisan LLC
Loretta Investments LLC
Warranty Deed
$970,000 · Banner Bank
Jul 18, 2019
—
Loretta Investments LLC
—
Deed
related
$65,000 · Columbia St Bk
Apr 5, 2005
$235,000
Loretta Investments LLC
Skelton,ronnie E & Pauline A
Warranty Deed
$301,000 · Kitsap Bank
Sep 30, 1999
—
Port Orchard Group LLC
Skelton,ronnie E & Pauline A
Quit Claim Deed
related
—
Feb 21, 1992
—
Ronnie Skelton
Unknown
Grant Deed
related
—
—
—
Ronnie E Skelton
—
Deed Of Trust
related
$45,000 · Money Store INC
—
—
Ronnie E Skelton
—
Deed Of Trust
related
$63,500 · Money Store INC
—
—
Loretta Investments LLC
—
Deed Of Trust
related
$35,000 · Sandy Fisher Defined Benefit P
—
—
Ronnie E Skelton
—
Deed Of Trust
related
$10,000 · Money Store INC
—
—
Ronnie E Skelton
—
Deed Of Trust
related
$45,000 · Money Store INC
—
—
Loretta Investments LLC
—
Deed Of Trust
related
$500,000 · Columbia St Bk
—
—
Loretta Investments LLC
—
Deed Of Trust
related
$65,000 · Columbia St Bk
—
—
Loretta Investments LLC
—
Deed Of Trust
related
$313,000 · Northwest Busn Dev Assn
—
—
Ronnie E Skelton
—
Deed Of Trust
related
$78,000 · Kitsap Bank
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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