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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Individual retail properties
3331 Compass Ln Port Orchard, WA 98366-6315
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US90-1812162
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1986
Total area
2,119 SF
Lot
6.74 ac (293,594 SF)
Zoning code
UM
APN
312402-3-006-2007
UPID
US90-1812162
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
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
NA Mariners Glen-68 LP · 23 yrs held
NA Mariners Glen-68 LP
since 2002
4 recorded transactions
Zoning & alternative use
UM · Port Orchard, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$535,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$445,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10%
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
$260 / 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
$123,104
Tax year 2024
Assessed value
$14,962,430
Assessed 2024
Previous assessed
$13,488,490
+10.9% YoY
Effective rate
0.82%
On assessed value
Assessed land
$502,870
Assessed improvement
$14,459,560
Land market value
$502,870
Improvement market value
$14,459,560
Total market value
$14,962,430
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1986
Heating
YES
Buildings
8
Stories
2
Total area
2,119 SF
Lot
6.74 ac (293,594 SF)
Zoning code
UM
APN
312402-3-006-2007
UPID
US90-1812162
Jurisdiction
KITSAP
Zoning & alternative use
UM · Port Orchard, WA
Zoning UM · permitted uses
UM · Port Orchard, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Orchard. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$535,000
COMMERCIAL (GENERAL)
Est. value
$445,000
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1986
Heating
YES
Stories
2
Buildings
8
Lot
6.74 ac
Current owner
From public records · entity-resolved
NA Mariners Glen-68 LP
Entity
Mailing address
920 GDN ST, SANTA BARBARA, CA 93101-1462
Ownership since
2002
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
Apr 30, 2020
—
Mariners Glen-68 LP
—
Deed
related
$13,600 · Walker & Dunlop
Nov 30, 2011
—
N/a Mariners Glen-68 LP
—
Deed Of Trust
related
$11,000,000 · Cwcapital LLC
Oct 31, 2002
$6,383,000
NA Mariners Glen-68 LP
Mariners Glen IV Associates LP
Grant Deed
related
$12,080,000 · Ef & A Funding LLC
—
—
Mariners Glen-68 LP
—
Deed Of Trust
related
$13,600 · Walker & Dunlop
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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