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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    19610 7th NE Ave Poulsbo, WA 98370-6531

    • Drive through restaurants
    • 2,150 SF
    • 0.37 lot acres
    OFF-MARKET
    Last Sale
    Jul 15, 2024
    $1,785,000
    Value Estimations
    $1,825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-1599659
    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

    • Drive through restaurants

    Property Details for 19610 7th NE Ave

    Year built
    1988
    Lot size
    0.37 lot acres
    Property size
    2,150 SF
    Zone code
    CITY
    Property type
    Drive through restaurants
    APN
    142601-3-074-2004
    APU
    14260130742004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,905,000
      Market price range: $482k - $2.48M

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

    Location Insight

    • Map
    • Local Demand
    City
    Poulsbo
    County
    Kitsap
    State
    Washington
    Longitude
    -122.639
    Latitude
    47.741
    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
    $17,166
    $233,390
    $1,737,190
    $1,970,580
    -
    $233,390
    $1,737,190
    $1,970,580

    Comparable in this City

    • Value Estimation
      $590,000
      2,528 SF

      20205 10th NE Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,528 SF
      20205 10th NE Ave, Poulsbo, WA 98370-7413
      View Details
    • Value Estimation
      $590,000
      2,416 SF

      21599 Market NW Pl

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,416 SF
      21599 Market NW Pl, Poulsbo, WA 98370-6634
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    • Value Estimation
      $515,000
      2,024 SF

      21289 Olhava NW Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,024 SF
      21289 Olhava NW Way, Poulsbo, WA 98370
      View Details
    • Value Estimation
      $600,000
      2,422 SF

      19655 7th NE Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,422 SF
      19655 7th NE Ave, Poulsbo, WA 98370-7531
      View Details
    • Value Estimation
      $615,000
      2,468 SF

      21225 Olhava NW Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,468 SF
      21225 Olhava NW Way, Poulsbo, WA 98370-9457
      View Details
    • Value Estimation
      $2,790,000
      2,403 SF

      21895 Viking NW Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,403 SF
      21895 Viking NW Way, Poulsbo, WA 98370-9422
      View Details

    Similar Nearby for Sale

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    • $3,679,076
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      Retail Property in Poulsbo, WA

      Retail property with 10,010 square feet of space.
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      View Details
    • $1,050,464

      Land Available in Poulsbo, WA

      Land for sale in Poulsbo, Washington. Tax ID: 10260130712001.
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    • $1,500,000
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      Functional Warehouse in Strategic Location

      8,000 SF warehouse with easy access to major highways.
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      Prime Poulsbo location, 1.91 acres, C-3 zoning.
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    Similar Nearby for Lease

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      Turn Key Restaurant Opportunity

      Restaurant space with commercial kitchen and seating available for rent.
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      View Details
    • $32 SF/Yr
      1,865 SF

      High-Traffic Retail/Commercial Space Available

      Retail/commercial space with high visibility and traffic.
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      View Details
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      1,500 SF

      Retail Space in Poulsbo, WA

      Retail space available for lease in Poulsbo, Washington.
      21505 Market Pl NW, Poulsbo, WA 98370
      View Details
    • $23 SF/Yr
      7,560 SF

      Equipped Medical Building For Lease

      Turnkey medical building with pharmacy, radiology, and lab.
      19379 7Th Ave NE, Poulsbo, WA 98370
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      31,153 SF

      Retail Space in Poulsbo Center

      Retail space with excellent access and abundant parking.
      19561 7Th Ave NE, Poulsbo, WA 98370
      View Details
    • $25 SF/Yr
      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

    Property Visit Statistics

    • Visits by month
      15.6k
    • Visitors by month
      9.2k
    • Avg Time on site
      13 min
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    Poulsbo, WA 98370-6531
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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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