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Property profile & analytics
FOR SALE
Bars & Pubs
231 Parfitt Way SW Bainbridge Island, WA 98110
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US90-0670347
No photos on file
For Sale
$4,900,000
231 Parfitt Way SW, Bainbridge Island, WA 98110
View Listing →
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1901
Total area
1,312 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CITY
APN
272502-4-136-2003
UPID
US90-0670347
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
Parfitt Way Management Corp · 22 yrs held
Parfitt Way Management Corp
since 2004
5 recorded transactions
Zoning & alternative use
CITY · Bainbridge Island, 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 Bainbridge Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bainbridge Island 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
$26,976
Tax year 2024
Assessed value
$3,585,050
Assessed 2024
Previous assessed
$3,434,070
+4.4% YoY
Effective rate
0.75%
On assessed value
Assessed land
$3,230,540
Assessed improvement
$354,510
Land market value
$3,230,540
Improvement market value
$354,510
Total market value
$3,585,050
Applied tax rate
215.0000
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
Bars & Pubs
Use group
BAR, TAVERN
Status
For Sale
Year built
1901
Heating
YES
Buildings
2
Stories
1
Total area
1,312 SF
Lot
0.69 ac (30,056 SF)
Zoning code
CITY
APN
272502-4-136-2003
UPID
US90-0670347
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Bainbridge Island, WA
Zoning CITY · permitted uses
CITY · Bainbridge Island, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bainbridge Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1901
Heating
YES
Stories
1
Buildings
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Parfitt Way Management Corp
Entity
Mailing address
231 PARFITT WAY SW, BAINBRIDGE ISLAND, WA 98110-2529
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2016
—
Parfitt Way Management Corp
—
Deed
related
$172,000 · Homestreet Bk
Jun 17, 2004
—
Parfitt Way Management Corp
Parfitt Way Associates
Quit Claim Deed
related
—
Oct 10, 1990
—
Parfitt Way Management Corp
Unknown
Quit Claim Deed
related
—
—
—
Parfitt Way Associates
—
Deed Of Trust
related
$163,100 · American Marine Bank
—
—
Parfitt Way Management Corp
—
Deed Of Trust
related
$172,000 · Homestreet 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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