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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Medical Office Space
2741 Wheaton Way Bremerton, WA 98310-3344
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-1671189
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Total area
4,764 SF
Lot
0.71 ac (30,928 SF)
Zoning code
CITY
APN
3965-000-155-0109
UPID
US90-1671189
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
-
Avenue Dental Care Dental Office
-
Avenue Dental Care: Virk Mahadeep DDS Dental Office
-
Tsimberov Dmitry MD Physician
-
Bremerton East Specialty Center Medical Clinic
-
Bulva Charles J MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.02M
Owner & transaction history
Homeless And Poverty Management · 3 yrs held
Homeless And Poverty Management
since 2022
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+5.1%
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
$1,015,000
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
$1,415,000
6.5%
$1,305,000
7%
$1,210,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,155,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,215,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10% · vs last sale $800k (Aug 12 2022)
Last sale anchor
$800k
Aug 12 2022
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
$214 / 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
$5,859
Tax year 2024
Assessed value
$688,670
Assessed 2024
Previous assessed
$813,150
-15.3% YoY
Effective rate
0.85%
On assessed value
Assessed land
$237,420
Assessed improvement
$451,250
Land market value
$237,420
Improvement market value
$451,250
Total market value
$688,670
Applied tax rate
10.0000
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
1978
Heating
YES
Stories
1
Total area
4,764 SF
Lot
0.71 ac (30,928 SF)
Zoning code
CITY
APN
3965-000-155-0109
UPID
US90-1671189
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
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
MEDICAL BUILDING Current
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
1978
Heating
YES
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Homeless And Poverty Management
Entity
Mailing address
10855 SILVERDALE WAY NW UNIT #1724, SILVERDALE, WA 98383-9840
Ownership since
2022
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
Oct 16, 2024
—
Foundation For Homeless & Poverty
—
Deed
related
$485,000 · Washington State Department Of Commerce
Aug 12, 2022
$800,000
Homeless And Poverty Management
East West Properties LLC
Warranty Deed
$1,164,000 · Department Of Commerce FCU
Sep 27, 2001
$820,000
East/west Properties LLC
Corliss Group
Grant Deed
$656,000 · Northwest International Bank
—
—
East Of West Properties LLC
—
Deed Of Trust
related
$670,000 · Us Bank NA
—
—
East Of West Properties LLC
—
Deed Of Trust
related
$585,000 · Wells Fargo Bank
—
—
East-west Properties LLC
—
Deed Of Trust
related
$2,000,000 · Zehera Virk
—
—
East/west Properties LLC
—
Deed Of Trust
related
$678,947 · First Heritage Bank
—
—
East-west Properties LLC
—
Deed Of Trust
related
$2,000,000 · Zehera Virk
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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