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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Strip malls
18830 Frnt NE St Poulsbo, WA 98370-7351
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1052525
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1916
Total area
9,678 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CITY
APN
4227-000-006-0003
UPID
US90-1052525
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.68M
Blend (final)
Blend
$1.93M
Owner & transaction history
Sound West Strandvagen LLC · 8 yrs held
Sound West Strandvagen LLC
since 2017
7 recorded transactions
Zoning & alternative use
CITY · Poulsbo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.7M
+7.9%
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 Poulsbo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Poulsbo 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
NEIGHBORHOOD: SHOPPING CENTER
$2,470,000
Current use
RETAIL STORES
$2,665,000
Change: +8% · Conversion: Easy
OFFICE BUILDING
$2,410,000
Change: -2% · Conversion: Moderate
MEDICAL BUILDING
$2,350,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,085,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±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
$199 / 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
$17,376
Tax year 2024
Assessed value
$1,994,640
Assessed 2024
Previous assessed
$1,709,860
+16.7% YoY
Effective rate
0.87%
On assessed value
Assessed land
$402,570
Assessed improvement
$1,592,070
Land market value
$402,570
Improvement market value
$1,592,070
Total market value
$1,994,640
Applied tax rate
415.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1916
Heating
YES
Stories
2
Total area
9,678 SF
Lot
0.31 ac (13,504 SF)
Zoning code
CITY
APN
4227-000-006-0003
UPID
US90-1052525
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Poulsbo, WAZoning CITY · permitted uses
CITY · Poulsbo, 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 Current
Est. value
$2.5M
RETAIL STORES
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
OFFICE BUILDING
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
1916
Heating
YES
Stories
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Sound West Strandvagen LLC
Entity
Mailing address
423 PACIFIC AVE STE #402, BREMERTON, WA 98337-1948
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2017
$3,086,878
Sound West Strandvagen LLC
Mandl Holdings LLC
Trustees Deed
$1,500,000 · Mandl LLC
Oct 28, 2013
—
Mandl Holdings LLC
Sluys Family Trust
Quit Claim Deed
related
—
Aug 30, 2000
$100,000
Dena S Dixon
Tompkins,jack I & Dorothy A
Grant Deed
$229,500 · Eagle Home Mortgage Co
Sep 30, 1994
$700,000
Sluys Trust
Alvis Trust
Quit Claim Deed
related
$700,000 · Seller
May 24, 1993
—
Thomas J Alvis
Unknown
Grant Deed
related
—
—
—
Sound West Strandvagen LLC
—
Deed Of Trust
related
$3,500,000 · Other Institutional Lenders
—
—
Mandl Holdings LLC
—
Deed Of Trust
related
$30,132 · Kitsap Bank
—
—
Sound West Strandvagen LLC
—
Deed Of Trust
related
$1,100,000 · Other Institutional Lenders
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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