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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Warehouses
23062 Ryen NW Dr Poulsbo, WA 98370
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-2093984
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Total area
5,000 SF
Lot
1.05 ac (45,738 SF)
Zoning code
LI
APN
032601-1-029-2007
UPID
US90-2093984
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
$735k
Comparable Approach
Comparable
$340k
Blend (final)
Blend
$550k
Owner & transaction history
Shawn A Liden · 10 yrs held
Shawn A Liden
since 2015
4 recorded transactions
Zoning & alternative use
LI · Poulsbo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ctured Home Park Overlay MHPO Commercial Downtown/Front Street C-1 Viking Avenue C-2 SR 305 Corridor C-3 College MarketPlace C-4 Business and Employment Office Commercial Industrial OCI Business Park BP Light Industrial LI Park P Master Plan Overlay MPO ( Ord. 2003-10 § 1 (Exh. A, I(G)(1)), 2003. Formerly 18.12.010 ; Ord. 2013-04 § 2 (Exh. A (part)), 2013 ;…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
82.99 ac
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%
$800,000
6.5%
$735,000
7%
$685,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$870,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$110 / 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
$3,670
Tax year 2024
Assessed value
$437,480
Assessed 2024
Previous assessed
$437,480
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$141,520
Assessed improvement
$295,960
Land market value
$141,520
Improvement market value
$295,960
Total market value
$437,480
Applied tax rate
4,370.0000
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
Heating
NONE
Total area
5,000 SF
Lot
1.05 ac (45,738 SF)
Zoning code
LI
APN
032601-1-029-2007
UPID
US90-2093984
Jurisdiction
KITSAP
Zoning & alternative use
LI · Poulsbo, WAZoning LI · permitted uses
LI · Poulsbo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ctured Home Park Overlay MHPO Commercial Downtown/Front Street C-1 Viking Avenue C-2 SR 305 Corridor C-3 College MarketPlace C-4 Business and Employment Office Commercial Industrial OCI Business Park BP Light Industrial LI Park P Master Plan Overlay MPO ( Ord. 2003-10 § 1 (Exh. A, I(G)(1)), 2003. Formerly 18.12.010 ; Ord. 2013-04 § 2 (Exh. A (part)), 2013 ; Ord. 2025-10 § 2 (Exh. A), 2025 ) § 18.60.030 Establishment of map. The designatio
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
82.99 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$870,000
AUTO REPAIR, GARAGE
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
Heating
NONE
Lot
1.05 ac
Current owner
From public records · entity-resolved
Shawn A Liden
Individual
Mailing address
12968 OLD MILITARY RD NE, POULSBO, WA 98370-7985
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2015
$220,040
Shawn A Liden
2010-1 Radc Of Cadc Property-poul
Grant Deed
$132,000 · Liberty Bay Bk
Apr 14, 2015
$150,000
2010-1 Radc Of Cadc Property-poul
Rainier Foreclosure|vestman Construction INC
Trustees Deed
—
—
—
Vestman Construction INC
—
Deed Of Trust
related
$58,000 · Westsound Bank
—
—
Vestman Construction INC
—
Deed Of Trust
related
$120,000 · Westsound Bank
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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