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Property profile & analytics
OFF-MARKET
Estimated value
$1,785,000
Retail space
18846 Frnt NE St Poulsbo, WA 98370-7351
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0695557
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1915
Total area
12,168 SF
Lot
0.41 ac (17,860 SF)
Zoning code
CITY
APN
4227-000-004-0005
UPID
US90-0695557
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
$2.17M
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.79M
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
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%
$2,350,000
6.5%
$2,170,000
7%
$2,015,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,955,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.79M
Range $1.61M – $1.96M · ±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
$147 / 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
$17,093
Tax year 2024
Assessed value
$1,962,210
Assessed 2024
Previous assessed
$1,926,060
+1.9% YoY
Effective rate
0.87%
On assessed value
Assessed land
$471,480
Assessed improvement
$1,490,730
Land market value
$471,480
Improvement market value
$1,490,730
Total market value
$1,962,210
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1915
Heating
YES
Buildings
3
Stories
2
Total area
12,168 SF
Lot
0.41 ac (17,860 SF)
Zoning code
CITY
APN
4227-000-004-0005
UPID
US90-0695557
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Poulsbo, WA
Zoning CITY · permitted uses
CITY · Poulsbo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Poulsbo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$3.0M
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
1915
Heating
YES
Stories
2
Buildings
3
Lot
0.41 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
Jun 3, 2022
—
Sound West Strandvagen LLC
—
Deed
related
$3,750,000 · First Fed Bank
Dec 12, 2019
—
Sound West Strandvagen LLC
—
Grant Deed
related
$3,500,000 · Other Institutional Lenders
Aug 28, 2017
$3,086,878
Sound West Strandvagen LLC
Mandl Holdings LLC
Trustees Deed
$1,500,000 · Mandl Holdings LLC
Dec 22, 2016
—
Mandl Holdings LLC
—
Deed
related
$778,730 · Us Bk
Mar 29, 1999
—
Marion E Sluys
—
Deed Of Trust
related
$1,900,000 · North Sound Bank
—
—
Mandl Holdings LLC
—
Deed Of Trust
related
$891,000 · Washington Mutual Fsb
—
—
Mandl Holdings LLC
—
Deed Of Trust
related
$778,730 · Us Bk
—
—
Marion E Sluys
—
Deed Of Trust
related
$400,000 · North Sound 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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