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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Strip malls
3289 Lund Ave Port Orchard, WA 98366-2881
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-0104218
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1993
Total area
6,598 SF
Lot
0.92 ac (40,075 SF)
Zoning code
NC
APN
312402-3-012-2009
UPID
US90-0104218
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
-
Crescent Moon Catering Take-out & Catering Catering Service
-
Domino's Pizza Take-out & Catering
-
SMMA Martial Arts Port Orchard Training Center Sports School
-
Compass Jiu Jitsu Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.29M
Owner & transaction history
James B Morrison Family LLC · 1 yrs held
James B Morrison Family LLC
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
NC · Port Orchard, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+7.9%
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 Port Orchard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Orchard 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,685,000
Current use
RETAIL STORES
$1,815,000
Change: +8% · Conversion: Easy
OFFICE BUILDING
$1,645,000
Change: -2% · Conversion: Moderate
MEDICAL BUILDING
$1,600,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,350,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10% · vs last sale $1.57M (Dec 13 2024)
Last sale anchor
$1.57M
Dec 13 2024
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
$196 / 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
$8,001
Tax year 2024
Assessed value
$972,430
Assessed 2024
Previous assessed
$826,570
+17.6% YoY
Effective rate
0.82%
On assessed value
Assessed land
$239,380
Assessed improvement
$733,050
Land market value
$239,380
Improvement market value
$733,050
Total market value
$972,430
Applied tax rate
8,040.0000
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
1993
Heating
YES
Stories
1
Total area
6,598 SF
Lot
0.92 ac (40,075 SF)
Zoning code
NC
APN
312402-3-012-2009
UPID
US90-0104218
Jurisdiction
KITSAP
Zoning & alternative use
NC · Port Orchard, WAZoning NC · permitted uses
NC · Port Orchard, 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
$1.7M
RETAIL STORES
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1993
Heating
YES
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
James B Morrison Family LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 648, PORT TOWNSEND, WA 98368-0648
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2025
$1,570,000
James B Morrison Family LLC
Dan Woltz LLC
Warranty Deed
—
Mar 1, 2019
$754,000
Dan Woltz LLC
Sofie Phillips 7525 LLC
Warranty Deed
—
Sep 11, 2006
—
Sofie Phillips 7525 LLC
Phillips,james B & Wilma
Quit Claim Deed
related
—
May 13, 2005
$1,175,000
James B Phillips
Lee,yong K
Warranty Deed
—
Sep 10, 2004
$900,000
Yong K Lee
Yoo,james J & Pola
Warranty Deed
$681,980 · Pacific International Bank
Dec 28, 2001
$680,000
James J Yoo
Lundy Mathwig Partnership
Grant Deed
$360,000 · Kitsap Bank
Dec 3, 1992
$191,135
Mathwig Lundy Partnership
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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