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Property profile & analytics
OFF-MARKET
Estimated value
$8,290,000
Retail space
3108 Randall Way, Silverdale, WA 98383-7676
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-1123568
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1994
Total area
15,990 SF
Lot
1.18 ac (51,401 SF)
Zoning code
RC
APN
162501-2-080-2007
UPID
US90-1123568
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
-
Great Floors Carpet & Flooring Store
-
La-Z-Boy Furnitures Galleries Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.06M
Blend (final)
Blend
$8.29M
Owner & transaction history
North Point At Kitsap LLC · 5 yrs held
North Point At Kitsap LLC
since 2021
Last sale
$7.8M
6 recorded transactions
Zoning & alternative use
RC · Silverdale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.7M
+119.9%
Commercial (general)
$7.2M
+63.2%
Office building
$5.8M
+30.9%
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 Silverdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silverdale 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
$8,805,000
ML approach
$8,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,680,000
Change: +120% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,185,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$5,760,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$8.29M
Range $7.46M – $9.12M · ±10% · vs last sale $7.75M (Feb 3 2021)
Last sale anchor
$7.75M
Feb 3 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
$518 / 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
$31,729
Tax year 2024
Assessed value
$3,571,260
Assessed 2024
Previous assessed
$2,976,060
+20.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$696,780
Assessed improvement
$2,874,480
Land market value
$696,780
Improvement market value
$2,874,480
Total market value
$3,571,260
Applied tax rate
6,410.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1994
Heating
YES
Stories
1
Total area
15,990 SF
Lot
1.18 ac (51,401 SF)
Zoning code
RC
APN
162501-2-080-2007
UPID
US90-1123568
Jurisdiction
KITSAP
Zoning & alternative use
RC · Silverdale, WA
Zoning RC · permitted uses
RC · Silverdale, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Silverdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$7.2M
OFFICE BUILDING
Est. value
$5.8M
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE 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
1994
Heating
YES
Stories
1
Lot
1.18 ac
Current owner
From public records · entity-resolved
North Point At Kitsap LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1717 WOODSTEAD CT STE #298, THE WOODLANDS, TX 77380-1448
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2023
—
Silverdale Way LLC
—
Deed
related
$11,600,000 · Genworth Life Insurance Company
Feb 3, 2021
$7,750,000
North Point At Kitsap LLC
Norteipoint Owner LP
Special Warranty Deed
—
Jun 12, 2013
$6,500,000
Northpoint Owner LP
Ppr North Point LLC
Grant Deed
related
—
Feb 24, 1999
$7,000,000
Ppr North Point LLC
Winmar Of Kitsap INC
Grant Deed
—
—
—
Ppr North Point LLC
—
Deed Of Trust
related
—
—
—
Ppr North Point LLC
—
Deed Of Trust
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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