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Property profile & analytics
OFF-MARKET
Estimated value
$2,700,000
Warehouses
26284 12th Trees NW Ln, Poulsbo, WA 98370-9435
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-0605555
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1991
Total area
23,640 SF
Lot
0.72 ac (31,363 SF)
Zoning code
TTEC
APN
272701-4-043-2004
UPID
US90-0605555
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
$3.49M
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$2.70M
Owner & transaction history
Apanage Corp · 8 yrs held
Apanage Corp
since 2017
6 recorded transactions
Zoning & alternative use
TTEC · Poulsbo, 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 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%
$3,775,000
6.5%
$3,485,000
7%
$3,235,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,100,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$2.70M
Range $2.43M – $2.97M · ±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
$114 / 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
$20,674
Tax year 2024
Assessed value
$2,464,460
Assessed 2024
Previous assessed
$2,242,420
+9.9% YoY
Effective rate
0.84%
On assessed value
Assessed land
$324,860
Assessed improvement
$2,139,600
Land market value
$324,860
Improvement market value
$2,139,600
Total market value
$2,464,460
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
Year built
1991
Heating
YES
Stories
2
Total area
23,640 SF
Lot
0.72 ac (31,363 SF)
Zoning code
TTEC
APN
272701-4-043-2004
UPID
US90-0605555
Jurisdiction
KITSAP
Zoning & alternative use
TTEC · Poulsbo, WA
Zoning TTEC · permitted uses
TTEC · 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
AUTO REPAIR, GARAGE
Est. value
$4.1M
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
Year built
1991
Heating
YES
Stories
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
Apanage Corp
Entity
Mailing address
26276 12TH TREES LN NW STE B, POULSBO, WA 98370-6400
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
Apr 28, 2021
—
Apanage Corporation
—
Deed
related
$15,000,000 · First Republic Bank
Dec 29, 2017
$106,805
Apanage Corp
Trulife INC
Trustees Deed
$6,500,000 · First Republic Bk
Sep 23, 2014
—
Trulife INC
—
Loan Modification
related
$14,000,000 · Governor & Co Bk/ireland
Dec 20, 2012
$5,000,000
Trulife INC
Tempus Fugit Co
Grant Deed
$2,000,000 · Tempus Fugit Co
Jun 21, 1996
—
Tempus Fugit Co
—
Deed Of Trust
related
$4,340,000 · Wells Fargo Bank
—
—
Trulife INC
—
Deed Of Trust
related
$10,000,000 · Governor & Co Bank Ireland
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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