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Property profile & analytics
OFF-MARKET
Estimated value
$5,180,000
Strip malls
2901 Perry Ave Bremerton, WA 98310-4641
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-0610792
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1965
Total area
30,200 SF
Lot
8.28 ac (360,677 SF)
Zoning code
CITY
APN
122401-1-129-2007
UPID
US90-0610792
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
-
Kitsap Combat Sports Center Gym & Fitness Center Sports School
-
Dungeon Fitness Gym & Fitness Center
-
Island Flavors Restaurant
-
Law Office of Kent Bratt Law Firm
-
Perry Avenue Mall Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.28M
Blend (final)
Blend
$5.18M
Owner & transaction history
North Perry Avenue Water District · 1 yrs held
North Perry Avenue Water District
since 2025
Last sale
$5.3M
4 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
$5,140,000
ML approach
$4,990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,705,000
Current use
MEDICAL BUILDING
$7,335,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$5.18M
Range $4.66M – $5.70M · ±10% · vs last sale $5.30M (Apr 15 2025)
Last sale anchor
$5.30M
Apr 15 2025
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
$172 / 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
$19,468
Tax year 2024
Assessed value
$2,288,200
Assessed 2024
Previous assessed
$1,991,410
+14.9% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,073,000
Assessed improvement
$1,215,200
Land market value
$1,073,000
Improvement market value
$1,215,200
Total market value
$2,288,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1965
Heating
YES
Buildings
5
Stories
1
Total area
30,200 SF
Lot
8.28 ac (360,677 SF)
Zoning code
CITY
APN
122401-1-129-2007
UPID
US90-0610792
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.7M
MEDICAL BUILDING
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
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
Buildings
5
Lot
8.28 ac
Current owner
From public records · entity-resolved
North Perry Avenue Water District
Individual
Mailing address
2901 PERRY AVE STE #13, BREMERTON, WA 98310-4641
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
$5,300,000
North Perry Avenue Water District
Chaos Commons LLC
Warranty Deed
—
Nov 3, 2022
—
Northwest Business Development Assn
Chaos Commons LLC
Assignment Of Lease (leasehold Sale)
—
Dec 29, 2021
$1,950,000
Chaos Commons LLC
Thai Investments LLC
Warranty Deed
$1,265,000 · Kitsap Cu
Jan 31, 2011
—
Thai Investments LLC
Thai,khen K
Quit Claim Deed
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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