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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Retail space
18937 Frnt NE St Poulsbo, WA 98370
Entity Owned
~
Est. High Equity
Property ID
US90-0778782
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Total area
4,380 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CITY
APN
232601-2-183-2003
UPID
US90-0778782
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$780k
Comparable Approach
Comparable
$538k
Blend (final)
Blend
$780k
Owner & transaction history
Big Rock Mv LLC
Big Rock Mv LLC
since 2025
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%
$845,000
6.5%
$780,000
7%
$725,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,205,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,115,000
Change: -7% · Conversion: Moderate
OFFICE BUILDING
$1,090,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$1,065,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$178 / 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
$7,753
Tax year 2024
Assessed value
$890,040
Assessed 2024
Previous assessed
$890,040
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$262,530
Assessed improvement
$627,510
Land market value
$262,530
Improvement market value
$627,510
Total market value
$890,040
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
1955
Heating
YES
Stories
1
Total area
4,380 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CITY
APN
232601-2-183-2003
UPID
US90-0778782
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
RETAIL STORES Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
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
1955
Heating
YES
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Big Rock Mv LLC
Entity
Mailing address
423 PACIFIC AVE STE #402, BREMERTON, WA 98337-1948
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
$2,100,000
Big Rock Mv LLC
Bl Strandvagen LLC
Warranty Deed
$1,100,000 · First Fed Bank
Oct 4, 2024
—
Bl Strandvagen LLC
—
Deed
related
$750,000 · First Fed Bank
Jun 15, 2021
—
Bl Strandvagen LLC
—
Deed
related
$2,280,000 · Columbia State Bank
Mar 6, 2020
—
Bl Strandvagen LLC
—
Deed
related
$2,250,000 · Columbia St Bk
Aug 28, 2017
$2,113,122
Bl Strandvagen LLC
Mandl Holdings LLC
Warranty Deed
$575,000 · Timberland Bk
Oct 28, 2013
—
Mandl Holdings LLC
Sluys Family Trust
Quit Claim Deed
related
—
Mar 29, 1999
—
Marion E Sluys
—
Deed Of Trust
related
$1,900,000 · North Sound Bank
—
—
Mandl Holdings LLC
—
Deed Of Trust
related
$444,000 · Washington Mutual Fsb
—
—
Bl Strandvagen LLC
—
Deed Of Trust
related
$2,250,000 · Columbia St Bk
—
—
Sluys,tr
—
Deed Of Trust
related
$675,000 · Frontier 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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