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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Medical Office Space
2709 Hemlock St Bremerton, WA 98310-2623
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0903271
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Total area
10,749 SF
Lot
0.74 ac (32,234 SF)
Zoning code
CITY
APN
3966-003-001-1403
UPID
US90-0903271
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
-
Breanna Grillo Pediatrician Physician
-
Dr. Allen Rassa Physician
-
Dr. Justin Penn Physician
-
Abdulfattah Saidi Physician
-
Patrick Goleski Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.60M
Owner & transaction history
Oakridge House INC · 4 yrs held
Oakridge House INC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
CITY · Bremerton, 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 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
$1,705,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,610,000
Current use
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.50M (Oct 12 2021)
Last sale anchor
$1.50M
Oct 12 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
$149 / 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
$12,942
Tax year 2024
Assessed value
$1,556,470
Assessed 2024
Previous assessed
$1,835,000
-15.2% YoY
Effective rate
0.83%
On assessed value
Assessed land
$291,060
Assessed improvement
$1,265,410
Land market value
$291,060
Improvement market value
$1,265,410
Total market value
$1,556,470
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1993
Heating
YES
Stories
1
Total area
10,749 SF
Lot
0.74 ac (32,234 SF)
Zoning code
CITY
APN
3966-003-001-1403
UPID
US90-0903271
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
MEDICAL BUILDING Current
Est. value
$2.6M
MEDICAL BUILDING Current
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
1993
Heating
YES
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Oakridge House INC
Entity
Mailing address
26418 110TH PL SE, KENT, WA 98030-9049
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2023
—
Oakridge House INC
—
Deed
related
$1,960,000 · Department Of Commerce FCU
Oct 12, 2021
$1,500,000
Oakridge House INC
Olympic Radiology Building Company
Warranty Deed
—
May 8, 2018
—
Olympic Radiology Bldg Co LLC
—
Deed
related
$1,289,000 · Umpqua Bk
Apr 2, 2018
—
Olympic Radiology Bldg Co LLC
—
Deed
related
—
Jun 13, 2007
—
Olympic Radiology Bldg Co LLC
Olympic Radiology Bldg Ptshp
Quit Claim Deed
related
—
May 27, 1993
$1,450,506
Radiology Bldg Olympic
Unknown
Grant Deed
—
—
—
Olympic Radiology Bldg Co LLC
—
Deed Of Trust
related
$1,650,000 · Wells Fargo Bank
—
—
Olympic Radiology Bldg Co LLC
—
Deed Of Trust
related
$1,289,000 · Umpqua Bk
—
—
Olympic Radiology Bldg Co LLC
—
Loan Modification
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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