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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Office buildings
19089 Jensen NE Way Poulsbo, WA 98370
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-0415787
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Total area
3,300 SF
Lot
0.18 ac (7,841 SF)
Zoning code
CITY
APN
4230-002-014-0103
UPID
US90-0415787
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
$1.05M
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$780k
Owner & transaction history
The Salt LLC · 2 yrs held
The Salt LLC
since 2024
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
CITY · Poulsbo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$910,000
+10.6%
Neighborhood: shopping center
$840,000
+2.5%
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
$1,040,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
$835,000
6.5%
$770,000
7%
$715,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$820,000
Current use
RETAIL STORES
$910,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$840,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$800,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$710,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $800k (Dec 15 2023)
Last sale anchor
$800k
Dec 15 2023
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
$236 / 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
$4,999
Tax year 2024
Assessed value
$573,820
Assessed 2024
Previous assessed
$573,820
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$283,640
Assessed improvement
$290,180
Land market value
$283,640
Improvement market value
$290,180
Total market value
$573,820
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Heating
YES
Stories
1
Total area
3,300 SF
Lot
0.18 ac (7,841 SF)
Zoning code
CITY
APN
4230-002-014-0103
UPID
US90-0415787
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
OFFICE BUILDING Current
Est. value
$820,000
RETAIL STORES
Est. value
$910,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$840,000
MEDICAL BUILDING
Est. value
$800,000
WAREHOUSE, STORAGE
Est. value
$710,000
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1956
Heating
YES
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
The Salt LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 2164, POULSBO, WA 98370-0951
Ownership since
2024
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
Jun 26, 2024
—
The Salt LLC
—
Deed
related
$800,000 · R & B Mckenzie Holdings LLC
Jun 25, 2024
—
The Salt LLC
Kymberly Mason
Quitclaim Deed
related
—
Mar 12, 2024
—
The Salt LLC
—
Deed
related
$800,000 · R & B Mckenzie Holdings LLC
Dec 26, 2023
—
Kymberly Mason
—
Deed
related
$800,000 · R & B Mckenzie Holdings LLC
Dec 15, 2023
$800,000
Kymberly Mason
R & B Mckenzie Holdings LLC
Warranty Deed
$800,000 · Kymberly Mason
Apr 25, 2007
—
R & B Mckenzie Holdings LLC
Mckenzie,rodney & Barbara
Quit Claim Deed
related
—
May 26, 2006
$500,000
Rodney S Mckenzie
Ruffles INC
Warranty Deed
$425,000 · Private Lender
Apr 30, 1998
$285,000
Severin Group INC
Miyakusu,dean H & Tokie G
Grant Deed
$286,297 · Ruffles INC
Dec 2, 1991
$188,000
Dean H Miyakusu
Unknown
Grant Deed
—
—
—
R & B Mckenzie Holdings LLC
—
Deed Of Trust
related
$455,393 · 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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