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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Strip malls
3029 Wheaton Way Bremerton, WA 98310-3435
Trust Owned
5-yr Hold
Property ID
US90-0951808
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1946
Total area
1,664 SF
Lot
0.34 ac (14,810 SF)
Zoning code
CITY
APN
112401-1-010-2000
UPID
US90-0951808
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
-
Eagles Wings Coordinated Care work Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$795k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$659k
Blend (final)
Blend
$615k
Owner & transaction history
Adrian 2020 Family Trust · 5 yrs held
Adrian 2020 Family Trust
since 2020
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$750,000
+76.1%
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
$725,000
ML approach
$795,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$600,000
7%
$555,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$425,000
Current use
COMMERCIAL (GENERAL)
$750,000
Change: +76% · Conversion: Easy
MEDICAL BUILDING
$405,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $450k (Nov 13 2020)
Last sale anchor
$450k
Nov 13 2020
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
$370 / 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
$3,186
Tax year 2024
Assessed value
$383,220
Assessed 2024
Previous assessed
$376,830
+1.7% YoY
Effective rate
0.83%
On assessed value
Assessed land
$164,160
Assessed improvement
$219,060
Land market value
$164,160
Improvement market value
$219,060
Total market value
$383,220
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1946
Heating
FORCED AIR
Buildings
2
Stories
1
Bathrooms
1
Total area
1,664 SF
Lot
0.34 ac (14,810 SF)
Zoning code
CITY
APN
112401-1-010-2000
UPID
US90-0951808
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
$425,000
COMMERCIAL (GENERAL)
Est. value
$750,000
MEDICAL BUILDING
Est. value
$405,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
1946
Heating
FORCED AIR
Stories
1
Buildings
2
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Adrian 2020 Family Trust
Trust
Mailing address
152 SHERIDAN RD, BREMERTON, WA 98310-2088
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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 13, 2020
—
Adrian 2020 Family Trust
James Adrian
Quit Claim Deed
related
—
Sep 13, 2019
$450,000
James Adrian
Lim Living Trust
Warranty Deed
$300,000 · Lim Living Trust (lt)
Jun 15, 2015
—
Mun K Lim
Lim Steve
Quit Claim Deed
related
—
Mar 25, 2015
$54,611
Steve Lim
Lim Mun K & Myung J
Quit Claim Deed
related
—
—
—
Mun-kue Lim
—
Deed Of Trust
related
$84,500 · Liberty American Mortgage
—
—
Lim,tr
—
Deed Of Trust
related
$68,500 · Frontier Bank
—
—
Lim Living Trust
—
Deed Of Trust
related
$1,375,000 · Mirae Bank
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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