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Property profile & analytics
OFF-MARKET
Estimated value
$4,820,000
Medical Office Space
20669 Bond NE Rd, Poulsbo, WA 98370-6525
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US90-1053546
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Total area
26,161 SF
Lot
1.9 ac (82,764 SF)
Zoning code
CITY
APN
142601-2-040-2007
UPID
US90-1053546
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.13M
Blend (final)
Blend
$4.82M
Owner & transaction history
Pacific Medical Building LLC · 15 yrs held
Pacific Medical Building LLC
since 2010
7 recorded transactions
Zoning & alternative use
CITY · Poulsbo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.2M
+13.4%
Neighborhood: shopping center
$6.7M
+5.1%
Office building
$6.5M
+2.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,350,000
Current use
RETAIL STORES
$7,200,000
Change: +13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,675,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$6,515,000
Change: +3% · Conversion: Easy
WAREHOUSE, STORAGE
$5,640,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.82M
Range $4.34M – $5.30M · ±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
$184 / 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
$60,824
Tax year 2024
Assessed value
$6,982,340
Assessed 2024
Previous assessed
$6,982,340
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$475,030
Assessed improvement
$6,507,310
Land market value
$475,030
Improvement market value
$6,507,310
Total market value
$6,982,340
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2001
Heating
YES
Stories
2
Total area
26,161 SF
Lot
1.9 ac (82,764 SF)
Zoning code
CITY
APN
142601-2-040-2007
UPID
US90-1053546
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
MEDICAL BUILDING Current
Est. value
$6.4M
RETAIL STORES
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
OFFICE BUILDING
Est. value
$6.5M
WAREHOUSE, STORAGE
Est. value
$5.6M
MEDICAL BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
2001
Heating
YES
Stories
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
Pacific Medical Building LLC
Entity
Mailing address
PO BOX 1265, POULSBO, WA 98370-0107
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Jun 15, 2022
—
Pacific Medical Building LLC
—
Deed
related
$485,500 · Kitsap Bank
Jun 2, 2020
—
Pacific Medical Building LLC
—
Deed
related
$283,400 · Kitsap Bk
Aug 18, 2010
$2,630,039
Pacific Medical Building LLC
Dogfish Creek Associates LLC
Grant Deed
$4,800,000 · Us Bank NA
Dec 21, 2000
—
Dogfish Creek Associates
—
Deed Of Trust
related
$3,389,000 · Bank Of America
Jul 14, 1998
$340,000
Dogfish Creek Partnership
Dogfish Creek Associates LLC
Grant Deed
related
$315,000 · Dogfish Creek Partnership
—
—
Dogfish Creek Associates
—
Deed Of Trust
related
$971,000 · Bank Of America
—
—
Pacific Medical Building LLC
—
Deed Of Trust
related
$4,294,535 · Kitsap Bk
—
—
Pacific Medical Building LLC
—
Deed Of Trust
related
$283,400 · Kitsap Bk
—
—
Dogfish Creek Associates LLC
—
Deed Of Trust
related
$1,000,000 · Evergreen Community Dev Assn
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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