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Property profile & analytics
FOR LEASE
Office buildings
1844 NE Poulsbo Ave, Keyport, WA 98345
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0959257
For Lease
1 / 2
$11 SF/Yr
1844 NE Poulsbo Ave, Keyport, WA 98345
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
9,632 SF
Lot
0.4 ac (17,424 SF)
Zoning code
KVC
APN
4366-009-028-0009
UPID
US90-0959257
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.79M
CAP Approach
CAP
$2.26M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.63M
Owner & transaction history
Brandon L Truhler · 4 yrs held
Brandon L Truhler
since 2022
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
KVC · Keyport, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.7M
+10.6%
Neighborhood: shopping center
$2.5M
+2.5%
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 Keyport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Keyport 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
$1,730,000
ML approach
$1,785,000
CAP Approach
CAP Return
Estimation
6%
$2,440,000
6.5%
$2,255,000
7%
$2,090,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,400,000
Current use
RETAIL STORES
$2,650,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,455,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$2,340,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$1,970,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.63M
Range $1.47M – $1.79M · ±10% · vs last sale $1.37M (May 16 2022)
Last sale anchor
$1.37M
May 16 2022
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
$169 / 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
$16,765
Tax year 2024
Assessed value
$1,966,470
Assessed 2024
Previous assessed
$1,966,470
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$137,710
Assessed improvement
$1,828,760
Land market value
$137,710
Improvement market value
$1,828,760
Total market value
$1,966,470
Applied tax rate
4,180.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1984
Heating
YES
Stories
2
Total area
9,632 SF
Lot
0.4 ac (17,424 SF)
Zoning code
KVC
APN
4366-009-028-0009
UPID
US90-0959257
Jurisdiction
KITSAP
Zoning & alternative use
KVC · Keyport, WA
Zoning KVC · permitted uses
KVC · Keyport, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Keyport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.4M
RETAIL STORES
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$2.0M
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1984
Heating
YES
Stories
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Brandon L Truhler
Individual
Mailing address
190 BECKON RDG RD, SELAH, WA 98942-9658
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2022
$1,365,000
Brandon L Truhler
Lanco International LLC
Warranty Deed
—
Nov 12, 2019
—
Lanco International LLC
—
Deed
related
$970,000 · Silver Hill Fndg LLC
Oct 15, 2018
—
Lanco International LLC
—
Trustees Deed
related
$213,141 · Other Institutional Lenders
Jul 2, 2012
—
Lanco International LLC
Lange,juel E
Quit Claim Deed
related
—
—
—
Juel E Lange
—
Deed Of Trust
related
$608,000 · North Sound Bank
—
—
Lanco International LLC
—
Deed Of Trust
related
$970,000 · Silver Hill Fndg LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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