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Property profile & analytics
OFF-MARKET
Estimated value
$10,940,000
Retail space
2222 Bucklin Hl Rd Silverdale, WA 98383-8371
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1076608
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
56,026 SF
Lot
5.43 ac (236,531 SF)
Zoning code
RC
APN
162501-4-110-2007
UPID
US90-1076608
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
Current use
Occupant on record · Public records
-
Sky Zone Trampoline Park Arcade & Gaming Center Family Recreation Center
-
Joshua A. Matthews, PharmD Pharmacy
-
Miracle-Ear Hearing Aid Center Hearing Aid Store Hearing Aid Repair Service
-
Papa Murphy's | Take 'N' Bake Pizza Restaurant
-
Tractor Supply Co. Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.72M
CAP Approach
CAP
$9.99M
Comparable Approach
Comparable
$13.96M
Blend (final)
Blend
$10.94M
Owner & transaction history
M 3j Investment LLC · 3 yrs held
M 3j Investment LLC
since 2023
Last sale
$10.0M
7 recorded transactions
Zoning & alternative use
RC · Silverdale, 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 Silverdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silverdale 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
$13,000,000
ML approach
$11,720,000
CAP Approach
CAP Return
Estimation
6%
$10,825,000
6.5%
$9,990,000
7%
$9,280,000
Alternative Use
Use
Estimation
RETAIL STORES
$15,425,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$14,295,000
Change: -7% · Conversion: Moderate
MEDICAL BUILDING
$13,605,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$10.94M
Range $9.85M – $12.03M · ±10% · vs last sale $10.00M (Mar 31 2023)
Last sale anchor
$10.00M
Mar 31 2023
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
$195 / 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
$87,589
Tax year 2024
Assessed value
$9,858,780
Assessed 2024
Previous assessed
$10,427,570
-5.5% YoY
Effective rate
0.89%
On assessed value
Assessed land
$2,427,500
Assessed improvement
$7,431,280
Land market value
$2,427,500
Improvement market value
$7,431,280
Total market value
$9,858,780
Applied tax rate
6,410.0000
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
1999
Heating
NONE
Buildings
2
Stories
1
Total area
56,026 SF
Lot
5.43 ac (236,531 SF)
Zoning code
RC
APN
162501-4-110-2007
UPID
US90-1076608
Jurisdiction
KITSAP
Zoning & alternative use
RC · Silverdale, WA
Zoning RC · permitted uses
RC · Silverdale, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Silverdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$15.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.3M
MEDICAL BUILDING
Est. value
$13.6M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Heating
NONE
Stories
1
Buildings
2
Lot
5.43 ac
Current owner
From public records · entity-resolved
M 3j Investment LLC
Entity
Mailing address
100 CASCADE KY, BELLEVUE, WA 98006-1004
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2023
—
M3j Investment LLC
—
Deed
related
$4,000,000 · Verity Cu
Mar 31, 2023
$17,004,770
M 3j Investment LLC
Alamo Kitsap LLC
Warranty Deed
—
Oct 17, 2018
—
Alamo Kitsap LLC
—
Grant Deed
related
$5,295,000 · Ready Cap Structured Fin
Mar 16, 2015
$9,229,396
Spirit Spe Hg 2015-1 LLC
Abs Wa-o LLC
Grant Deed
—
Jun 27, 2014
—
Abs Wa-o LLC
—
Loan Modification
related
$1,050,000,000 · Bank Of America
Apr 8, 2013
—
Abs Wa-o LLC
New Albertsons INC
Warranty Deed
related
—
Dec 4, 2012
—
New Albertsons INC
—
Deed Of Trust
related
$1,650,000,000 · Wells Fargo Bank
Jul 19, 2006
—
New Albertsons INC
Albertsons LLC
Quit Claim Deed
related
—
—
—
Abs Wa-o LLC
—
Deed Of Trust
related
$1,150,000,000 · Citibank NA
—
—
Abs Wa-o LLC
—
Deed Of Trust
related
$850,000,000 · Bank Of America
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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