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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Office buildings
3256 Chico NW Way Bremerton, WA 98312-1322
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-1606986
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
3,714 SF
Lot
1.1 ac (47,916 SF)
Zoning code
RCO
APN
052401-3-086-2003
UPID
US90-1606986
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
-
Comfort Keepers Home Care Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$760k
CAP Approach
CAP
$870k
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$720k
Owner & transaction history
Mallon Investment Company LLC · 4 yrs held
Mallon Investment Company LLC
since 2021
Last sale
$625,000
5 recorded transactions
Zoning & alternative use
RCO · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$950,000
+35.5%
Medical building
$900,000
+28.9%
Retail stores
$705,000
+0.7%
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
$710,000
ML approach
$760,000
CAP Approach
CAP Return
Estimation
6%
$940,000
6.5%
$870,000
7%
$805,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$700,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$950,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$900,000
Change: +29% · Conversion: Easy
RETAIL STORES
$705,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$665,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $625k (Aug 10 2021)
Last sale anchor
$625k
Aug 10 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
$194 / 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
$5,660
Tax year 2024
Assessed value
$633,270
Assessed 2024
Previous assessed
$633,270
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$120,140
Assessed improvement
$513,130
Land market value
$120,140
Improvement market value
$513,130
Total market value
$633,270
Applied tax rate
6,070.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Heating
YES
Stories
1
Total area
3,714 SF
Lot
1.1 ac (47,916 SF)
Zoning code
RCO
APN
052401-3-086-2003
UPID
US90-1606986
Jurisdiction
KITSAP
Zoning & alternative use
RCO · Bremerton, WA
Zoning RCO · permitted uses
RCO · Bremerton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bremerton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$700,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$950,000
MEDICAL BUILDING
Est. value
$900,000
RETAIL STORES
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$665,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
1990
Heating
YES
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Mallon Investment Company LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6021 48TH AVE E, TACOMA, WA 98443-2426
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2021
$625,000
Mallon Investment Company LLC
Inlet Properties LLC
Warranty Deed
—
Nov 22, 2005
$700,000
Inlet Properties LLC
Green,brett & Dana
Warranty Deed
$560,000 · Timberland Bank
Jan 30, 2003
$350,000
Brett Green
Bratonia,martk & Linda
Grant Deed
$320,000 · Westsound Bank
Feb 2, 2001
$260,000
Mark Bratonia
Farrar Trust
Grant Deed
$254,000 · Farrar Trust
Jul 6, 1988
$25,000
Gordon Farrar
Unknown
Grant Deed
—
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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