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Property profile & analytics
OFF-MARKET
Estimated value
$6,060,000
Outlet malls
21800 Market NW Pl Poulsbo, WA 98370-6666
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-1489290
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2008
Total area
41,936 SF
Lot
4.03 ac (175,547 SF)
Zoning code
CITY
APN
102601-2-045-2006
UPID
US90-1489290
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
$7.48M
Comparable Approach
Comparable
$4.12M
Blend (final)
Blend
$6.06M
Owner & transaction history
College Marketplace LLC · 19 yrs held
College Marketplace LLC
since 2007
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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,100,000
6.5%
$7,480,000
7%
$6,945,000
Blend value · Realmo final
$6.06M
Range $5.45M – $6.67M · ±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
$145 / 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
$58,214
Tax year 2024
Assessed value
$6,822,640
Assessed 2024
Previous assessed
$8,472,950
-19.5% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,802,880
Assessed improvement
$5,019,760
Land market value
$1,802,880
Improvement market value
$5,019,760
Total market value
$6,822,640
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
41,936 SF
Lot
4.03 ac (175,547 SF)
Zoning code
CITY
APN
102601-2-045-2006
UPID
US90-1489290
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
2008
Heating
NONE
Stories
1
Lot
4.03 ac
Current owner
From public records · entity-resolved
College Marketplace LLC
Entity
Mailing address
10708 MAIN ST APT #403, BELLEVUE, WA 98004-5595
Ownership since
2007
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
May 28, 2025
—
College Marketplace LLC
—
Deed
related
$3,900,000 · Rivermark Community Cu
Nov 1, 2024
—
College Marketplace LLC
—
Deed
related
$3,650,000 · Seattle Funding Group Ltd
Feb 26, 2007
$2,525,000
College Marketplace LLC
Olhava Associates
Warranty Deed
$7,612,000 · Bank Of America
—
—
College Marketplace LLC
—
Deed Of Trust
related
$4,000,000 · Morgan Stanley Mtg Cap Holding
—
—
College Marketplace LLC
—
Deed Of Trust
related
—
—
—
Cp Poulsbo LLC
—
Deed Of Trust
related
$3,800,000 · College Marketplace LLC
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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