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Property profile & analytics
OFF-MARKET
Estimated value
$6,390,000
Grocery and convenience stores
3588 Chico NW Way Bremerton, WA 98312-1312
Entity Owned
2-yr Hold
Free & Clear
Property ID
US90-1227973
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2001
Total area
2,946 SF
Lot
1.44 ac (62,726 SF)
Zoning code
RCO
APN
052401-3-013-2001
UPID
US90-1227973
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
-
Sugar Shack Espresso Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.39M
Owner & transaction history
Chico Way Nw LLC · 2 yrs held
Chico Way Nw LLC
since 2023
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
RCO · Bremerton, 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 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
$8,320,000
ML approach
$8,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.39M
Range $5.75M – $7.03M · ±10% · vs last sale $6.40M (Aug 15 2023)
Last sale anchor
$6.40M
Aug 15 2023
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
$2,169 / 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
$16,266
Tax year 2024
Assessed value
$1,819,840
Assessed 2024
Previous assessed
$1,819,840
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$218,930
Assessed improvement
$1,600,910
Land market value
$218,930
Improvement market value
$1,600,910
Total market value
$1,819,840
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2001
Heating
YES
Buildings
2
Stories
1
Total area
2,946 SF
Lot
1.44 ac (62,726 SF)
Zoning code
RCO
APN
052401-3-013-2001
UPID
US90-1227973
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.
Building & site characteristics
From public records
Year built
2001
Heating
YES
Stories
1
Buildings
2
Lot
1.44 ac
Current owner
From public records · entity-resolved
Chico Way Nw LLC
Entity
Free & Clear · 2 yrs held
Mailing address
14816 NE 9TH PL, BELLEVUE, WA 98007-4264
Ownership since
2023
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
Aug 15, 2023
$5,500,000
Chico Way Nw LLC
Chico Way Shell INC
Warranty Deed
—
Dec 20, 2006
$700,000
Chico Way Shell INC
Wholesale Fuel Supply LLC
Warranty Deed
$804,500 · Temecula Valley Bank NA
Jan 30, 2001
$423,000
Northwest Pacific LLC
Broughton,william H & Deborah C
Grant Deed
—
Jan 30, 2001
$600,000
Wholesale Fuel Supply LLC
Northwest Pacific LLC
Grant Deed
$1,500,000 · Cit Small Business Lending Co
May 17, 2000
—
Erlands Point LLC
Broughton,william & Deborah
Quit Claim Deed
related
—
Aug 13, 1997
$250,000
William H Broughton
Decker,james M & Pauline N
Grant Deed
$101,338 · North Sound Bank
—
—
James M Decker
—
Deed Of Trust
related
$43,006 · Kitsap Bank
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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