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Property profile & analytics
FOR SALE
Office buildings
1922 Pottery Ave Port Orchard, WA 98366
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US90-0185925
For Sale
1 / 38
$2,300,000
1922 Pottery Ave, Port Orchard, WA 98366
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
8,882 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CITY
APN
032301-1-015-2006
UPID
US90-0185925
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
-
Animal Intelligence Software (Bike/Boat/Book/etc) Store Corporate Office
-
Galalee Software Solutions (Bike/Boat/Book/etc) Store Corporate Office
-
Panther Professional Editing Services Professional Organizer
-
Sunray Treatment and Recovery Medical Clinic
-
Investor Resources Inc. Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.08M
Comparable Approach
Comparable
$2.85M
Blend (final)
Blend
$2.10M
Owner & transaction history
1922 Pottery Place LLC · 12 yrs held
1922 Pottery Place LLC
since 2013
7 recorded transactions
Zoning & alternative use
CITY · Port Orchard, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.4M
+10.6%
Neighborhood: shopping center
$2.3M
+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 Port Orchard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Orchard 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%
$2,250,000
6.5%
$2,080,000
7%
$1,930,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,210,000
Current use
RETAIL STORES
$2,445,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,265,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$2,155,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$1,815,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±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
$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
$14,436
Tax year 2024
Assessed value
$1,714,710
Assessed 2024
Previous assessed
$1,704,740
+0.6% YoY
Effective rate
0.84%
On assessed value
Assessed land
$134,580
Assessed improvement
$1,580,130
Land market value
$134,580
Improvement market value
$1,580,130
Total market value
$1,714,710
Applied tax rate
805.0000
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
For Sale
Year built
2008
Heating
FORCED AIR
Stories
2
Bathrooms
1
Total area
8,882 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CITY
APN
032301-1-015-2006
UPID
US90-0185925
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Port Orchard, WA
Zoning CITY · permitted uses
CITY · Port Orchard, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Orchard. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
RETAIL STORES
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.8M
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
2008
Heating
FORCED AIR
Stories
2
Bathrooms
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
1922 Pottery Place LLC
Entity
Mailing address
PO BOX 224, PORT ORCHARD, WA 98366-0224
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2013
$650,000
1922 Pottery Place LLC
Washington Fedl
Grant Deed
$552,200 · Wells Fargo Bank
Jan 12, 2012
—
Washington Fedl
Horizon Bk
Quit Claim Deed
related
—
Oct 12, 2009
$1,800,000
Horizon Bk
Burns Martin
Trustees Deed
related
—
Jun 26, 2007
$615,000
Pottery LLC
Jeremiah Project LLC
Warranty Deed
$2,050,000 · Horizon Bank
Jun 3, 2005
—
Barbara S Lieseke
Tibbit,gaylen O
Quit Claim Deed
related
—
Jun 3, 2005
$135,000
Jeremiah Project LLC
Lieseke,barbara S
Warranty Deed
$121,500 · Westsound Bank
Apr 28, 1988
$42,500
Gaylen O Tibbitt
Unknown
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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