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Property profile & analytics
FOR LEASE
Retail space
1888 Sedgwick Rd, Port Orchard, WA 98366
Entity Owned
~
Est. High Equity
Property ID
US90-0766189
No photos on file
For Lease
$3,000/Mo
1888 Sedgwick Rd, Port Orchard, WA 98366
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Total area
6,250 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CITY
APN
122301-2-092-2009
UPID
US90-0766189
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
-
#1 Tobacco (Bike/Boat/Book/etc) Store
-
Quiznos Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.77M
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.67M
Owner & transaction history
Tbgt Barrett Holdings LLC
Tbgt Barrett Holdings LLC
since 2025
Last sale
$2.2M
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
$1,705,000
ML approach
$1,770,000
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,720,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,595,000
Change: -7% · Conversion: Moderate
OFFICE BUILDING
$1,555,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$1,520,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±10% · vs last sale $2.15M (Dec 18 2025)
Last sale anchor
$2.15M
Dec 18 2025
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
$266 / 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
$16,663
Tax year 2024
Assessed value
$1,979,280
Assessed 2024
Previous assessed
$1,979,280
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$218,780
Assessed improvement
$1,760,500
Land market value
$218,780
Improvement market value
$1,760,500
Total market value
$1,979,280
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2000
Heating
NONE
Stories
1
Total area
6,250 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CITY
APN
122301-2-092-2009
UPID
US90-0766189
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
RETAIL STORES Current
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
NONE
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Tbgt Barrett Holdings LLC
Entity
Mailing address
PO BOX 997, SNOQUALMIE, WA 98065-0997
Ownership since
2025
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
Dec 18, 2025
$2,150,000
Tbgt Barrett Holdings LLC
King Jim LLC
Warranty Deed
$1,306,000 · Us Bank NA
Jul 18, 2025
—
King Jim LLC
—
Deed
related
$1,105,000 · Americas Cu
May 9, 2025
$1,700,000
King Jim LLC
Olympic Growth South LLC
Warranty Deed
—
Sep 8, 2003
$1,761,000
Olympic Growth South LLC
Loveless,c E & Margaret
Grant Deed
$1,418,714 · Kitsap Bank
Aug 11, 2000
—
Loveless C E
Downstream INC
Grant Deed
related
—
—
—
Loveless C E
—
Deed Of Trust
related
$1,102,500 · Cascade Bank
—
—
Downstream INC
—
Deed Of Trust
related
$1,030,000 · Intervest-mortgage Investment
—
—
Olympic Growth South LLC
—
Deed Of Trust
related
$1,252,000 · Kitsap Bk
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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