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Property profile & analytics
FOR LEASE
Office buildings
2497 Bethel Rd SE, Port Orchard, WA 98366
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0447954
No photos on file
For Lease
$1,240/Mo
2497 Bethel Rd SE, Port Orchard, WA 98366
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
8,287 SF
Lot
0.43 ac (18,731 SF)
Zoning code
CITY
APN
362401-3-010-2007
UPID
US90-0447954
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
-
Ramsdell Law Office Law Firm
-
Martha & Mary AT HOME Home Health Care Service
-
WestSound Magazine Publishing House
-
Wet Apple Media Marketing & Advertising (Bike/Boat/Book/etc) Store
-
WORK POINT LLC Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.94M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.43M
Owner & transaction history
La-chang Properties LLC · 8 yrs held
La-chang Properties LLC
since 2017
6 recorded transactions
Zoning & alternative use
CITY · Port Orchard, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.3M
+10.6%
Neighborhood: shopping center
$2.1M
+2.5%
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 Port Orchard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Orchard 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%
$2,100,000
6.5%
$1,940,000
7%
$1,800,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,065,000
Current use
RETAIL STORES
$2,280,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,115,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$2,010,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$1,695,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±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
$173 / 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
$11,242
Tax year 2024
Assessed value
$1,335,390
Assessed 2024
Previous assessed
$1,335,390
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$170,170
Assessed improvement
$1,165,220
Land market value
$170,170
Improvement market value
$1,165,220
Total market value
$1,335,390
Applied tax rate
810.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2001
Heating
YES
Stories
2
Bathrooms
1
Total area
8,287 SF
Lot
0.43 ac (18,731 SF)
Zoning code
CITY
APN
362401-3-010-2007
UPID
US90-0447954
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Port Orchard, WA
Zoning CITY · permitted uses
CITY · Port Orchard, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Orchard. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
RETAIL STORES
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.7M
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2001
Heating
YES
Stories
2
Bathrooms
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
La-chang Properties LLC
Entity
Mailing address
PO BOX 8475, TACOMA, WA 98419-0475
Ownership since
2017
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
Nov 2, 2017
$610,000
La-chang Properties LLC
Kitsap Bk
Warranty Deed
—
Sep 29, 2015
$593,493
Kitsap Bk
Templeton Ronald C|walden-piper Properties LLC
Trustees Deed
related
—
—
—
Eide-piper Properties LLC
—
Deed Of Trust
related
$145,500 · Westsound Bank
—
—
Walden-piper Properties LLC
—
Deed Of Trust
related
$765,000 · Kitsap Bank
—
—
Walden-piper Properties LLC
—
Deed Of Trust
related
$142,500 · Frontier Bank
—
—
Walden-piper Properties LLC
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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