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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Office buildings
20270 Frnt NE St Poulsbo, WA 98370-7356
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0870600
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1935
Total area
5,928 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CITY
APN
152601-1-095-2002
UPID
US90-0870600
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
$1.41M
CAP Approach
CAP
$1.39M
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.36M
Owner & transaction history
Nicholas C Carr · 4 yrs held
Nicholas C Carr
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CITY · Poulsbo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+10.6%
Neighborhood: shopping center
$1.5M
+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
$1,350,000
ML approach
$1,410,000
CAP Approach
CAP Return
Estimation
6%
$1,500,000
6.5%
$1,385,000
7%
$1,290,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,475,000
Current use
RETAIL STORES
$1,630,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,510,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$1,440,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$1,280,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10% · vs last sale $1.19M (Sep 28 2021)
Last sale anchor
$1.19M
Sep 28 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
$229 / 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
$10,824
Tax year 2024
Assessed value
$1,242,570
Assessed 2024
Previous assessed
$1,242,570
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$241,240
Assessed improvement
$1,001,330
Land market value
$241,240
Improvement market value
$1,001,330
Total market value
$1,242,570
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
Off-Market
Year built
1935
Heating
YES
Stories
2
Bathrooms
2
Total area
5,928 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CITY
APN
152601-1-095-2002
UPID
US90-0870600
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
$1.5M
RETAIL STORES
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.3M
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
1935
Heating
YES
Stories
2
Bathrooms
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Nicholas C Carr
Individual
Mailing address
4461 OLD GARDINER RD, PORT TOWNSEND, WA 98368-9778
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2021
$1,190,000
Nicholas C Carr
Biloba LLC
Warranty Deed
$952,000 · Americas Cu
Sep 28, 2021
—
Nicholas C Carr
Jamie C Carr
Intrafamily Transfer
related
—
May 11, 2007
$1,000,000
Biloba LLC
Austin,bill
Warranty Deed
$800,000 · Liberty Financial
Mar 30, 1993
—
William D Johnson
Unknown
Quit Claim Deed
related
—
—
—
William J Austin
—
Deed Of Trust
related
$75,000 · Kitsap Bank
—
—
Biloba LLC
—
Deed Of Trust
related
$50,000 · Liberty Financial
—
—
Biloba LLC
—
Deed Of Trust
related
$126,300 · Evergreen Busn Cap
—
—
Biloba LLC
—
Deed Of Trust
related
$631,500 · Columbia St Bk
—
—
William J Austin
—
Deed Of Trust
related
$767,820 · Kitsap Bank
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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