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Property profile & analytics
OFF-MARKET Estimated value $945,000
Commercial real estate

21401 Olhava NW Way Poulsbo, WA 98370

5,073 SF 1.55 ac lot
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-1794290
Property summary
AI-generated overview

This exceptional 2,600 square foot retail space presents a remarkable opportunity for businesses seeking a high-visibility location in the thriving Poulsbo, Washington market. Situated in Kitsap County, this single-tenant building is ideally positioned adjacent to a newly constructed Chipotle restaurant featuring a Chipotlane drive-thru for mobile orders. This strategic placement ensures high foot traffic and convenient access for customers. The building's completion is anticipated for June/July 2023, providing prospective tenants with the potential to commence operations before the year's end. The property boasts a spacious and adaptable floor plan, perfect for a variety of retail concepts. The surrounding area is anchored by a robust mix of established businesses, including major retailers such as Walmart, Home Depot, Wendy's, T-Mobile, Petco, Big 5 Sporting Goods, and Jack in the Box, creating a strong commercial ecosystem and significant consumer draw. This location offers unparalleled exposure and accessibility, making it an ideal choice for businesses seeking to establish or expand their presence in a dynamic and growing community. The entire 2,600 square feet is currently vacant and ready for immediate occupancy upon completion.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 5,073 SF
Lot 1.55 ac (67,518 SF)
Zoning code CITY
APN 102601-4-048-2009
UPID US90-1794290
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
$1.02M
CAP Approach CAP
$970k
Comparable Approach Comparable
by Request
Blend (final) Blend
$945k
Owner & transaction history
First Republic Bank · 3 yrs held
First Republic Bank
since 2022
Last sale
$875,000
5 recorded transactions
2026
Price N/A
2022
Price N/A
2021
$875,000
2015
$8.2M
1969
Price N/A
Zoning & alternative use
CITY · Poulsbo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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