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Property profile & analytics
FOR LEASE
Office buildings
19265 Powder Hill Pl NE Poulsbo, WA 98370
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0954093
For Lease
$21.50 SF/Yr
19265 Powder Hill Pl NE, Poulsbo, WA 98370
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
12,185 SF
Lot
1.01 ac (43,996 SF)
Zoning code
CITY
APN
142601-4-077-2009
UPID
US90-0954093
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
$3.41M
CAP Approach
CAP
$2.85M
Comparable Approach
Comparable
$3.79M
Blend (final)
Blend
$3.01M
Owner & transaction history
Pip 1 LLC · 5 yrs held
Pip 1 LLC
since 2021
Last sale
$2.8M
4 recorded transactions
Zoning & alternative use
CITY · Poulsbo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+10.6%
Neighborhood: shopping center
$3.1M
+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
$3,180,000
ML approach
$3,410,000
CAP Approach
CAP Return
Estimation
6%
$3,090,000
6.5%
$2,850,000
7%
$2,645,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,035,000
Current use
RETAIL STORES
$3,355,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,110,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$2,960,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$2,625,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.01M
Range $2.71M – $3.31M · ±10% · vs last sale $2.80M (Mar 23 2021)
Last sale anchor
$2.80M
Mar 23 2021
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
$247 / 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
$25,488
Tax year 2024
Assessed value
$2,925,870
Assessed 2024
Previous assessed
$2,925,870
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$477,850
Assessed improvement
$2,448,020
Land market value
$477,850
Improvement market value
$2,448,020
Total market value
$2,925,870
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
For Lease
Year built
1999
Heating
YES
Stories
1
Total area
12,185 SF
Lot
1.01 ac (43,996 SF)
Zoning code
CITY
APN
142601-4-077-2009
UPID
US90-0954093
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
$3.0M
RETAIL STORES
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.6M
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
1999
Heating
YES
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Pip 1 LLC
Entity
Mailing address
PO BOX 776, MERCER ISLAND, WA 98040-0776
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2021
$2,800,000
Pip 1 LLC
Powder Hill Capital LLC
Warranty Deed
$1,900,000 · Symetra Life Insurance Co
May 31, 2011
$2,400,000
Powder Hill Capital LLC
Current Dev LLC
Warranty Deed
related
$2,275,000 · Current Dev LLC
—
—
Powder Hill Capital LLC
—
Deed Of Trust
related
$2,249,200 · Us Bank NA
—
—
Powder Hill Capital LLC
—
Deed Of Trust
related
$276,300 · Exstate Holdings LLC
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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