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    Property profile & analytics

    19367 7th NE Ave Poulsbo, WA 98370-7504

    • Office buildings
    • 7,370 SF
    • 0.84 lot acres
    OFF-MARKET
    Value Estimations
    $1,160,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1251903
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 19367 7th NE Ave

    Year built
    2008
    Lot size
    0.84 lot acres
    Property size
    7,370 SF
    Zone code
    CITY
    Property type
    Office buildings
    APN
    142601-3-048-2007
    APU
    14260130482007

    Description

    This exceptional business opportunity presents the chance to acquire a thriving Pho and Vietnamese restaurant ideally situated in the vibrant heart of Poulsbo's business district. Priced at $180,000, this turnkey operation includes all necessary furnishings, equipment, and a complete inventory, allowing for immediate commencement of operations. The restaurant's established clientele and proven profitability make this a compelling investment for experienced restaurateurs or ambitious entrepreneurs seeking a ready-made business. No prior restaurant experience is required, but a strong work ethic and business acumen are essential for continued success. The sale includes all existing kitchen equipment, including ovens, ranges, fryers, and refrigeration units, ensuring a smooth transition. Furthermore, the included furnishings encompass all necessary tables, chairs, and dГ©cor, eliminating the need for significant upfront investment in these areas. The inventory of ingredients and supplies is also part of the sale, minimizing initial operating costs. This is a rare opportunity to acquire a well-established and profitable business in a desirable location, offering significant potential for growth and return on investment. The property is located at 19367 7th Avenue NE, Unit 121, Poulsbo, WA. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $734,000
      Market price range: $389k - $1.18M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,835,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,880,000
      Change: +2% Conversion: Difficult
      MEDICAL BUILDING
      $1,790,000
      Change: -2% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,590,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Poulsbo
    County
    Kitsap
    State
    Washington
    Longitude
    -122.641
    Latitude
    47.7387
    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
    $12,257
    $331,660
    $1,075,430
    $1,407,090
    -
    $331,660
    $1,075,430
    $1,407,090

    Comparable in this City

    • Value Estimation
      $3,890,000
      22,196 SF

      19472 Powder Hl Pl

      OFFICE BUILDING • 22,196 SF
      19472 Powder Hl Pl, Poulsbo, WA 98370-7473
      View Details
    • Value Estimation
      $9,005,000
      51,536 SF

      200 Moe St

      OFFICE BUILDING • 51,536 SF
      200 Moe St, Poulsbo, WA 98370-7347
      View Details
    • Value Estimation
      $3,510,000
      16,924 SF

      17771 Fjord NE Dr

      OFFICE BUILDING • 16,924 SF
      17771 Fjord NE Dr, Poulsbo, WA 98370
      View Details
    • Value Estimation
      $4,325,000
      38,076 SF

      1050 Hostmark St

      OFFICE BUILDING • 38,076 SF
      1050 Hostmark St, Poulsbo, WA 98370-7538
      View Details
    • Value Estimation
      $1,800,000
      9,890 SF

      19332 Powder Hl Pl

      OFFICE BUILDING • 9,890 SF
      19332 Powder Hl Pl, Poulsbo, WA 98370-7406
      View Details
    • Value Estimation
      $1,225,000
      6,965 SF

      20307 Viking NW Ave

      OFFICE BUILDING • 6,965 SF
      20307 Viking NW Ave, Poulsbo, WA 98370-8321
      View Details

    Similar Nearby for Sale

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      Land Available in Poulsbo, WA

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    • Contact for pricing
      61 SF

      61-Acre Development Site in Poulsbo

      Commercial development site at the intersection of Highway 305 and Highway 3.
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    Similar Nearby for Lease

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    Poulsbo, WA 98370-7504
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    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
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