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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Warehouses
3203 Totten Rd, Poulsbo, WA 98370-8600
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-1836312
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1995
Total area
4,000 SF
Lot
0.09 ac (3,920 SF)
Zoning code
RI
APN
312602-2-021-2008
UPID
US90-1836312
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
$590k
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$890k
Owner & transaction history
Port Madison Enterprise · 5 yrs held
Port Madison Enterprise
since 2021
Last sale
$922,000
4 recorded transactions
Zoning & alternative use
RI · Poulsbo, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+27.7%
Neighborhood: shopping center
$1.0M
+18.4%
Office building
$995,000
+15.5%
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 Poulsbo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Poulsbo 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
$1,045,000
ML approach
$1,105,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$545,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$860,000
Current use
RETAIL STORES
$1,100,000
Change: +28% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,020,000
Change: +18% · Conversion: Moderate
OFFICE BUILDING
$995,000
Change: +16% · Conversion: Difficult
MEDICAL BUILDING
$970,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$695,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $922k (Feb 26 2021)
Last sale anchor
$922k
Feb 26 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
$223 / 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
$3,318
Tax year 2024
Assessed value
$395,560
Assessed 2024
Previous assessed
$395,560
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$95,240
Assessed improvement
$300,320
Land market value
$95,240
Improvement market value
$300,320
Total market value
$395,560
Applied tax rate
4,370.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Heating
YES
Stories
1
Total area
4,000 SF
Lot
0.09 ac (3,920 SF)
Zoning code
RI
APN
312602-2-021-2008
UPID
US90-1836312
Jurisdiction
KITSAP
Zoning & alternative use
RI · Poulsbo, WA
Zoning RI · permitted uses
RI · Poulsbo, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Poulsbo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$860,000
RETAIL STORES
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
OFFICE BUILDING
Est. value
$995,000
MEDICAL BUILDING
Est. value
$970,000
AUTO REPAIR, GARAGE
Est. value
$695,000
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1995
Heating
YES
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Port Madison Enterprise
Entity
Free & Clear · 5 yrs held
Mailing address
15347 SUQUAMISH WAY NE, SUQUAMISH, WA 98392-9649
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2021
$27,500
Port Madison Enterprise
Structured LLC
Quit Claim Deed
related
—
Oct 25, 2011
$922,000
Suquamish Tribe
Marshall,paul E & Suzanne D
Warranty Deed
—
Apr 11, 2007
$720,000
Paul E Marshall
North Kitsap Business Park INC
Warranty Deed
$780,000 · Frontier Bank
—
—
North Pacific Development Corp
—
Deed Of Trust
related
$100,000 · Kitsap Bank Of Commerce
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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