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Property profile & analytics
FOR LEASE
Community centers
3627 Wheaton Way Bremerton, WA 98310
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0913289
For Lease
Contact for pricing
3627 Wheaton Way, Bremerton, WA 98310
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1978
Total area
23,760 SF
Lot
1.75 ac (76,230 SF)
Zoning code
CITY
APN
022401-4-067-2007
UPID
US90-0913289
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
-
The Tag Zone Arcade & Gaming Center
-
Frida's brows and beauty Hair Salon Nail Salon
-
Ziggy's Cat Lounge Cafe & Coffee Shop
-
360 Disc Golf (Bike/Boat/Book/etc) Store
-
Revive Esthetics Spa & Massage Center Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.55M
Blend (final)
Blend
$3.90M
Owner & transaction history
Waite Lighthouse Plaza LLC · 15 yrs held
Waite Lighthouse Plaza LLC
since 2011
6 recorded transactions
Zoning & alternative use
CITY · 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
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
$6,060,000
Current use
MEDICAL BUILDING
$5,770,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$3.90M
Range $3.51M – $4.28M · ±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
$164 / 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
$20,236
Tax year 2024
Assessed value
$2,433,780
Assessed 2024
Previous assessed
$2,346,410
+3.7% YoY
Effective rate
0.83%
On assessed value
Assessed land
$450,020
Assessed improvement
$1,983,760
Land market value
$450,020
Improvement market value
$1,983,760
Total market value
$2,433,780
Applied tax rate
60.0000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1978
Heating
YES
Buildings
3
Stories
2
Total area
23,760 SF
Lot
1.75 ac (76,230 SF)
Zoning code
CITY
APN
022401-4-067-2007
UPID
US90-0913289
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Bremerton, WAZoning CITY · permitted uses
CITY · Bremerton, 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
$6.1M
MEDICAL BUILDING
Est. value
$5.8M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
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
1978
Heating
YES
Stories
2
Buildings
3
Lot
1.75 ac
Current owner
From public records · entity-resolved
Waite Lighthouse Plaza LLC
Entity
Mailing address
1265 NW DARLING RD, BREMERTON, WA 98311-9084
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2011
—
Waite Lighthouse Plaza LLC
Waite,robin & Karen
Quit Claim Deed
related
$1,809,962 · Homestreet Bank
Oct 11, 2005
$2,450,000
Waite,robin & Karen
Kout,daniel
Warranty Deed
$1,600,000 · Homestreet Bk
Nov 13, 1998
$1,240,000
Daniel L Kout
Chapman Trust
Grant Deed
—
May 19, 1998
—
Chapman Trust
Chapman,robert E & Susan H
Quit Claim Deed
related
$900,000 · Columbia State Bank
Mar 2, 1993
$900,000
Robert E Chapman
Unknown
Grant Deed
—
—
—
Waite Lighthouse Plaza LLC
—
Loan Modification
related
$11,509,962 · Homestreet Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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