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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Retail space
19006 Frnt NE St Poulsbo, WA 98370
Trust Owned
21-yr Hold
Free & Clear
Property ID
US90-1121895
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1941
Total area
3,500 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CITY
APN
4230-002-002-0008
UPID
US90-1121895
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
$625k
Comparable Approach
Comparable
$367k
Blend (final)
Blend
$585k
Owner & transaction history
Gallegos Trust · 21 yrs held
Gallegos Trust
since 2004
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%
$675,000
6.5%
$625,000
7%
$580,000
Alternative Use
Use
Estimation
RETAIL STORES
$965,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$895,000
Change: -7% · Conversion: Moderate
OFFICE BUILDING
$870,000
Change: -10% · Conversion: Easy
MEDICAL BUILDING
$850,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$167 / 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
$5,286
Tax year 2024
Assessed value
$606,790
Assessed 2024
Previous assessed
$606,790
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$206,340
Assessed improvement
$400,450
Land market value
$206,340
Improvement market value
$400,450
Total market value
$606,790
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
1941
Heating
YES
Stories
1
Total area
3,500 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CITY
APN
4230-002-002-0008
UPID
US90-1121895
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
RETAIL STORES Current
Est. value
$965,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$895,000
OFFICE BUILDING
Est. value
$870,000
MEDICAL BUILDING
Est. value
$850,000
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
1941
Heating
YES
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Gallegos Trust
Trust
Free & Clear · 21 yrs held
Mailing address
1556 E VERDE BLVD, SAN TAN VALLEY, AZ 85140-5392
Ownership since
2004
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, 2004
—
Gallegos Trust
Gallegos,porfie J & Marianne
Quit Claim Deed
related
—
Mar 31, 2004
—
Porfie J Gallegos
Gallegos,marianne
Quit Claim Deed
related
—
Mar 31, 2004
$454,500
Porfie J Gallegos
Nilsen,carl J
Warranty Deed
$254,500 · Carl J Nilsen
Mar 30, 2004
$454,500
Porfie J Gallegos
Nilsen,carl J
Grant Deed
$254,500 · Carl J Nilsen
—
—
Nilsen C J
—
Deed Of Trust
related
$210,000 · North Sound Bank
—
—
Gallegos Living Trust
—
Deed Of Trust
related
$513,790 · Columbia St Bk
—
—
Gallegos Living Trust
—
Deed Of Trust
related
$430,000 · Viking Bank
—
—
Gallegos Living Trust
—
Deed Of Trust
related
$74,693 · Viking Bank
—
—
Gallegos Living Trust
—
Deed Of Trust
related
$400,000 · Viking Bank
—
—
C J Nilsen
—
Deed Of Trust
related
$250,000 · Kitsap 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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