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Property profile & analytics
OFF-MARKET
Estimated value
$3,470,000
Warehouses
22195 Viking NW Ave, Poulsbo, WA 98370-4900
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-2706852
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2014
Total area
9,800 SF
Lot
2.11 ac (91,912 SF)
Zoning code
CITY
APN
4380-002-042-0107
UPID
US90-2706852
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
$3.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.57M
Blend (final)
Blend
$3.47M
Owner & transaction history
Hall Viking Avenue LLC · 4 yrs held
Hall Viking Avenue LLC
since 2021
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
CITY · Poulsbo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.4M
+108.5%
Retail stores
$2.7M
+27.7%
Neighborhood: shopping center
$2.5M
+18.4%
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
$3,920,000
ML approach
$3,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,110,000
Current use
COMMERCIAL (GENERAL)
$4,405,000
Change: +108% · Conversion: Difficult
RETAIL STORES
$2,700,000
Change: +28% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,500,000
Change: +18% · Conversion: Moderate
OFFICE BUILDING
$2,440,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$2,380,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$3.47M
Range $3.12M – $3.82M · ±10% · vs last sale $3.45M (Dec 20 2021)
Last sale anchor
$3.45M
Dec 20 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
$354 / 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
$26,257
Tax year 2024
Assessed value
$3,077,290
Assessed 2024
Previous assessed
$2,840,230
+8.3% YoY
Effective rate
0.85%
On assessed value
Assessed land
$189,970
Assessed improvement
$2,887,320
Land market value
$189,970
Improvement market value
$2,887,320
Total market value
$3,077,290
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2014
Heating
NONE
Buildings
3
Stories
1
Total area
9,800 SF
Lot
2.11 ac (91,912 SF)
Zoning code
CITY
APN
4380-002-042-0107
UPID
US90-2706852
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
WAREHOUSE, STORAGE Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$4.4M
RETAIL STORES
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$2.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
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
2014
Heating
NONE
Stories
1
Buildings
3
Lot
2.11 ac
Current owner
From public records · entity-resolved
Hall Viking Avenue LLC
Entity
Free & Clear · 4 yrs held
Mailing address
9323 NE HELMSMAN CT, BAINBRIDGE ISLAND, WA 98110-4602
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
—
Hall Viking Avenue LLC
—
Deed
related
$1,083,170 · Kitsap Bank
Dec 20, 2021
—
Hall Viking Avenue LLC
Geo Hall Family LLC
Quit Claim Deed
related
—
Mar 6, 2019
$3,450,000
Geo Hall Family LLC
Eagle Harbor Properties INC
Warranty Deed
$280,000 · Kitsap Bk
Mar 6, 2019
—
Geo Hall Famillimited Liabilit
—
Deed
related
$950,000 · Kitsap Bk
Jul 22, 2016
—
Eagle Harbor Properties INC
—
Trustees Deed
related
$534,000 · Kitsap Bk
Apr 29, 2014
—
Eagle Harbor Properties INC
—
Trustees Deed
related
$1,013,866 · Kitsap Bk
—
—
Geo Hall Famillimited Liabilit
—
Deed Of Trust
related
$950,000 · Kitsap 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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