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Property profile & analytics
OFF-MARKET
Estimated value
$9,045,000
Assisted living facilities
2707 Clare Ave Bremerton, WA 98310-3337
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1589474
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1985
Total area
67,721 SF
Lot
1.04 ac (45,302 SF)
Zoning code
CITY
APN
3966-002-003-0108
UPID
US90-1589474
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
-
Vineyard Park at Bremerton Senior Living Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.62M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.05M
Owner & transaction history
Laurel Glen Alc LLC · 2 yrs held
Laurel Glen Alc LLC
since 2023
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.9M
+119.5%
Retail stores
$10.5M
+93.7%
Restaurant
$9.2M
+70.6%
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
$11,700,000
ML approach
$11,615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,860,000
Change: +120% · Conversion: Difficult
RETAIL STORES
$10,465,000
Change: +94% · Conversion: Difficult
RESTAURANT
$9,215,000
Change: +71% · Conversion: Difficult
MEDICAL BUILDING
$8,045,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,980,000
Change: +48% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,650,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$9.05M
Range $8.14M – $9.95M · ±10% · vs last sale $9.00M (Nov 1 2023)
Last sale anchor
$9.00M
Nov 1 2023
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
$134 / 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
$81,370
Tax year 2024
Assessed value
$9,786,310
Assessed 2024
Previous assessed
$7,028,290
+39.2% YoY
Effective rate
0.83%
On assessed value
Assessed land
$360,520
Assessed improvement
$9,425,790
Land market value
$360,520
Improvement market value
$9,425,790
Total market value
$9,786,310
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
1985
Heating
YES
Stories
4
Total area
67,721 SF
Lot
1.04 ac (45,302 SF)
Zoning code
CITY
APN
3966-002-003-0108
UPID
US90-1589474
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
OFFICE BUILDING
Est. value
$11.9M
RETAIL STORES
Est. value
$10.5M
RESTAURANT
Est. value
$9.2M
MEDICAL BUILDING
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.7M
OFFICE BUILDING
RETAIL STORES
RESTAURANT
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
1985
Heating
YES
Stories
4
Lot
1.04 ac
Current owner
From public records · entity-resolved
Laurel Glen Alc LLC
Entity
Mailing address
2731 77TH AVE SE STE #203, MERCER ISLAND, WA 98040-2800
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
$8,900,000
Laurel Glen Alc LLC
Frontier Exchange Landlord Group Ll
Special Warranty Deed
$8,025,000 · Kitsap Bank
Jul 2, 2021
$7,018,870
Frontier Exchange Grpoup LLC
Wc Bremerton LLC
Bargain And Sale Deed
—
Jul 12, 2016
—
Wc-bremerton LLC
—
Deed
related
$178,900,000 · Other Institutional Lenders
Dec 30, 2014
—
Wc-bremerton LLC
—
Grant Deed
related
$205,361,284 · General Elec Cap
Dec 6, 2006
$9,000,000
Wc-bremerton LLC
Claremont East Retirement Apts
Warranty Deed
$60,000,000 · General Electric Capital Corp
Dec 28, 1989
—
Lester E Krueger
Unknown
Grant Deed
related
—
—
—
Wc-bremerton LLC
—
Deed Of Trust
related
$65,000,000 · General Electric Capital Corp
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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