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Property profile & analytics
OFF-MARKET
Retail space
21505 Market NW Pl Poulsbo, WA 98370-6635
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-1271021
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
15,731 SF
Lot
1.72 ac (74,923 SF)
Zoning code
CITY
APN
102601-4-050-2004
UPID
US90-1271021
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
College Marketplace Shops LLC · 1 yrs held
College Marketplace Shops LLC
since 2025
Last sale
$5.6M
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$45,081
Tax year 2024
Assessed value
$5,283,450
Assessed 2024
Previous assessed
$5,283,450
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,002,010
Assessed improvement
$4,281,440
Land market value
$1,002,010
Improvement market value
$4,281,440
Total market value
$5,283,450
Applied tax rate
420.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Total area
15,731 SF
Lot
1.72 ac (74,923 SF)
Zoning code
CITY
APN
102601-4-050-2004
UPID
US90-1271021
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Poulsbo, WAZoning CITY · permitted uses
CITY · Poulsbo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Stories
1
Lot
1.72 ac
Current owner
From public records · entity-resolved
College Marketplace Shops LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2940 FAIRVIEW AVE E, SEATTLE, WA 98102-3016
Ownership since
2025
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
Dec 4, 2025
—
College Marketplace Shops LLC
—
Deed
related
$3,250,000 · Red Canoe Cu
Jul 31, 2025
$5,600,000
College Marketplace Shops LLC
Granite Trust Washington LLC
Warranty Deed
—
Sep 29, 2017
—
Granite Trust Washington Lw
—
Deed
related
$3,360,000 · Umpqua Bk
Sep 13, 2007
$6,525,365
Granite Trust Washington LLC
Barber Dev II LLC
Warranty Deed
$3,310,000 · Citicorp USA Corp
—
—
Barber Dev II LLC
—
Deed Of Trust
related
$4,000,000 · Kitsap Community FCU
—
—
Granite Trust Washington Lw
—
Deed Of Trust
related
$3,360,000 · Umpqua Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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