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Property profile & analytics
OFF-MARKET
Individual retail properties
190 Madison N Ave Bainbridge Island, WA 98110-1814
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1016801
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1955
Total area
16,528 SF
Lot
1.01 ac (43,996 SF)
Zoning code
CITY
APN
262502-3-159-2008
UPID
US90-1016801
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Team 190 LLC · 21 yrs held
Team 190 LLC
since 2005
7 recorded transactions
Zoning & alternative use
CITY · Bainbridge Island, 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 Bainbridge Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bainbridge Island 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$23,897
Tax year 2024
Assessed value
$3,175,830
Assessed 2024
Previous assessed
$3,175,830
+0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$1,763,560
Assessed improvement
$1,412,270
Land market value
$1,763,560
Improvement market value
$1,412,270
Total market value
$3,175,830
Applied tax rate
215.0000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1955
Heating
YES
Stories
1
Total area
16,528 SF
Lot
1.01 ac (43,996 SF)
Zoning code
CITY
APN
262502-3-159-2008
UPID
US90-1016801
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Bainbridge Island, WA
Zoning CITY · permitted uses
CITY · Bainbridge Island, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bainbridge Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
YES
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Team 190 LLC
Entity
Mailing address
7793 HANSEN RD NE, BAINBRIDGE ISLAND, WA 98110-1614
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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 14, 2021
—
Team 190 LLC
—
Deed
related
$574,600 · United States Small Business Admin
Jan 6, 2005
$2,050,000
Team 190 LLC
Landing Of Bainbridge Island INC
Warranty Deed
$1,420,200 · Landing/bainbridge Island INC
Aug 25, 1993
$550,000
Landing On Bainbridge Is INC
Unknown
Grant Deed
—
—
—
Team 190 LLC
—
Deed Of Trust
related
$935,000 · Powell R & K Trust (rt)
—
—
Team 190 LLC
—
Deed Of Trust
related
$120,000 · Kelly Webster
—
—
Team 190 LLC
—
Deed Of Trust
related
$240,000 · Kate B Webster
—
—
Team 190 LLC
—
Deed Of Trust
related
$240,000 · Albert Morrow
—
—
Team 190 LLC
—
Deed Of Trust
related
$2,070,000 · Liberty Bay 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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