Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    19188 8th NE Ave Poulsbo, WA 98370-8773
    Property profile & analytics

    19188 8th NE Ave, Poulsbo, WA 98370-8773

    View on Map
    • Office buildings
    • 1,088 SF
    • 0.12 lot acres
    Off-Market
    Last Sale Aug 16, 2022
    $450,000
    Property ID
    US90-0695556
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 19188 8th NE Ave

    Year built
    1975
    Lot size
    0.12 lot acres
    Zone code
    CITY
    Property type
    Office buildings
    APN
    232601-1-059-2006
    APU
    23260110592006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Poulsbo
    County
    Kitsap
    State
    Washington
    Longitude
    -122.638
    Latitude
    47.7371
    CBSA code
    14740
    CBSA name
    BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,936
    $115,660
    $336,150
    $451,810
    -
    $115,660
    $336,150
    $451,810

    Comparable in this City

    • Value Estimation
      $2,080,000
      9,982 SF

      19425 7th NE Ave

      OFFICE BUILDING
      19425 7th NE Ave, Poulsbo, WA 98370-5100
      View Details
    • Value Estimation by Request
      2,366 SF

      19043 Frnt NE St

      OFFICE BUILDING
      19043 Frnt NE St, Poulsbo, WA 98370-7354
      View Details
    • Value Estimation
      $1,700,000
      13,390 SF

      26279 12th Trees NW Ln

      OFFICE BUILDING
      26279 12th Trees NW Ln, Poulsbo, WA 98370-7194
      View Details
    • Value Estimation by Request
      3,020 SF

      18916 3rd NE Ave

      OFFICE BUILDING
      18916 3rd NE Ave, Poulsbo, WA 98370-7495
      View Details
    • Value Estimation
      $730,000
      4,800 SF

      19885 7th NE Ave

      OFFICE BUILDING
      19885 7th NE Ave, Poulsbo, WA 98370-6542
      View Details
    • Value Estimation
      $1,075,000
      4,752 SF

      20301 Bond NE Rd

      OFFICE BUILDING
      20301 Bond NE Rd, Poulsbo, WA 98370-6527
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,400 SF

      Two Office Buildings For Sale

      Two office buildings totaling 18,662 SF on 0.94 acres.
      19660 10Th Ave NE, Poulsbo, WA 98370
      View Details
    • Contact for pricing

      Functional Office Space Available

      Office space with existing buildouts, suitable for medical or general use.
      20730 Bond Rd NE, Poulsbo, WA 98370
      View Details
    • Contact for pricing

      61-Acre Development Site in Poulsbo

      Commercial development site at the intersection of Highway 305 and Highway 3.
      3 & Sr 305, Poulsbo, WA 98370
      View Details
    • Contact for pricing

      Poulsbo NNN Investment Opportunity

      Long-term NNN lease with rental increases in income tax-free state.
      20250 7Th Ave NE, Poulsbo, WA 98370
      View Details
    • Contact for pricing
      7,066 SF

      Scalable Warehouse Space Available

      High-functioning warehouse space suitable for e-commerce, distribution, or industrial teams.
      26287 12 Trees Ln NW, Poulsbo, WA 98370
      View Details
    • Contact for pricing
      54,450 SF

      Highway Corner Land For Sale

      Hard corner lot on main highway with multiple access points.
      18823 State Highway 305 NE, Poulsbo, WA 98370
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,542 SF

      Spacious Office Building with Views

      34,775 SF office building with flexible layouts and mountain views.
      1050 NE Hostmark St, Poulsbo, WA 98370
      View Details
    • Contact for pricing
      1,000 SF

      Flexible Coworking Space in Poulsbo

      Modern coworking space with flexible options and community atmosphere.
      19089 Jenson Way NE, Poulsbo, WA 98370
      View Details
    • Contact for pricing
      1,426 SF

      Dental Office in Poulsbo Village

      Available dental office with five operatories in Poulsbo Village.
      19365 7Th Ave NE, Poulsbo, WA 98370
      View Details
    • Contact for pricing
      20,000 SF

      Office Space with Mountain Views

      Office space in Poulsbo with mountain views and ample parking.
      19462 Powder Hill Pl NE, Poulsbo, WA 98370
      View Details
    • Contact for pricing
      9,600 SF

      Poulsbo Office Space Available

      9,600 SF office space for lease in Poulsbo, WA.
      19917 7Th Ave NE, Poulsbo, WA 98370
      View Details
    • Contact for pricing
      3,475 SF

      Ground-Floor Office Space Available

      3,475 SF office space in Powder Hill Business Park.
      19265 Powder Hill Pl NE, Poulsbo, WA 98370
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    19188 8th NE Ave
    Poulsbo, WA 98370-8773
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    19188 8th NE Ave, Poulsbo, WA, 98370
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!