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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Drive through restaurants
20205 10th NE Ave, Poulsbo, WA 98370-7413
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US90-1508467
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1997
Total area
2,528 SF
Lot
0.79 ac (34,412 SF)
Zoning code
CITY
APN
142601-1-044-2005
UPID
US90-1508467
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
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$709k
Blend (final)
Blend
$590k
Owner & transaction history
State Of Wa/dept/transportation · 20 yrs held
State Of Wa/dept/transportation
since 2006
6 recorded transactions
Zoning & alternative use
CITY · Poulsbo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$233 / 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
$20,184
Tax year 2024
Assessed value
$2,317,040
Assessed 2024
Previous assessed
$2,206,600
+5.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$351,330
Assessed improvement
$1,965,710
Land market value
$351,330
Improvement market value
$1,965,710
Total market value
$2,317,040
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1997
Heating
YES
Stories
1
Total area
2,528 SF
Lot
0.79 ac (34,412 SF)
Zoning code
CITY
APN
142601-1-044-2005
UPID
US90-1508467
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.
Building & site characteristics
From public records
Year built
1997
Heating
YES
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
State Of Wa/dept/transportation
Entity
Mailing address
33650 6TH AVE S STE #230, FEDERAL WAY, WA 98003-6755
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2026
—
Nelson Poulsbo LLC
—
Deed
related
$750,000 · Bank Of America NA
Mar 6, 2006
—
State Of Wa/dept/transportation
Nelson Poulsbo LLC
Warranty Deed
related
—
Oct 23, 2001
—
Nelson Poulsbo LLC
Nelson,stephen W & Michelle B
Quit Claim Deed
related
—
—
—
Nelson Poulsbo LLC
—
Deed Of Trust
related
$412,500 · Us Bank NA
—
—
Nelson Poulsbo LLC
—
Deed Of Trust
related
$975,000 · Us Bk
—
—
Nelson Poulsbo LLC
—
Deed Of Trust
related
$238,411 · Us Bank NA
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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