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Property profile & analytics
OFF-MARKET
Estimated value
$3,235,000
Assisted living facilities
2701 Clare Ave Bremerton, WA 98310-3313
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1444072
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1965
Total area
40,727 SF
Lot
2.92 ac (127,195 SF)
Zoning code
CITY
APN
3966-002-003-0009
UPID
US90-1444072
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
-
Misty A. Oakes, PTA Physician
-
Bridgeview Care Nursing Home
-
Donald V. Shepard, OTR Physician
-
Nora G. Widener, LPTA Physician
-
Jay Van Bockel Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.58M
Blend (final)
Blend
$3.24M
Owner & transaction history
2701 Clare LLC · 5 yrs held
2701 Clare LLC
since 2021
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.8M
+48.9%
Auto repair, garage
$4.8M
+47.7%
Neighborhood: shopping center
$4.0M
+23.1%
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 Bremerton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bremerton 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
$3,645,000
ML approach
$3,535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$3,250,000
Current use
MEDICAL BUILDING
$4,835,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,800,000
Change: +48% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,000,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$3.24M
Range $2.91M – $3.56M · ±10% · vs last sale $3.21M (May 18 2021)
Last sale anchor
$3.21M
May 18 2021
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
$79 / 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
$53,891
Tax year 2024
Assessed value
$6,481,450
Assessed 2024
Previous assessed
$6,337,850
+2.3% YoY
Effective rate
0.83%
On assessed value
Assessed land
$446,100
Assessed improvement
$6,035,350
Land market value
$446,100
Improvement market value
$6,035,350
Total market value
$6,481,450
Applied tax rate
60.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1965
Heating
YES
Stories
1
Total area
40,727 SF
Lot
2.92 ac (127,195 SF)
Zoning code
CITY
APN
3966-002-003-0009
UPID
US90-1444072
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Bremerton, WAZoning CITY · permitted uses
CITY · Bremerton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.0M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1965
Heating
YES
Stories
1
Lot
2.92 ac
Current owner
From public records · entity-resolved
2701 Clare LLC
Entity
Mailing address
PO BOX 580, LAKEWOOD, NJ 08701-0580
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2023
—
2701 Clare LLC
—
Deed
related
$78,467,027 · Computershare Trust Company NA
May 18, 2021
—
2701 Clare LLC
Fce Bremerton LLC
Bargain And Sale Deed
$114,000,000 · Capital Funding
Apr 19, 2019
—
Fce Bremerton LLC
—
Loan Modification
related
$141,588,473 · Wo Healthco-3 LLC
Jan 14, 2019
—
Wo Healthco-3 LLC
Healthcare Finl Solutions LLC
Quit Claim Deed
related
—
Jul 6, 2015
—
Fce Bremerton LLC
Flt Re 1 LLC
Grant Deed
related
$60,000,000 · General Elec Cap
Oct 25, 2006
—
Flt Re 1 LLC
Fir Ln Ter Convalescent Ctr In
Grant Deed
$500,000,000 · Lehman Brothers Bank Fsb
Dec 11, 2000
—
Fir Lane Terrace Convalescent
—
Deed Of Trust
related
—
Dec 1, 1994
$6,000,000
Fir Lane Terrace Convalescent
K L R Associates INC
Grant Deed
—
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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