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Property profile & analytics
OFF-MARKET
Estimated value
$2,445,000
Drug stores
3929 Kitsap Way Bremerton, WA 98312-2451
Individually Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-0682190
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2009
Total area
14,406 SF
Lot
1.45 ac (63,162 SF)
Zoning code
CITY
APN
3783-008-012-0006
UPID
US90-0682190
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Blink Charging Station Electric Vehicle Charging Station
-
COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
-
Gas Service Gas Company
-
Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.57M
Comparable Approach
Comparable
$2.47M
Blend (final)
Blend
$2.45M
Owner & transaction history
Barrett Ltd · 14 yrs held
Barrett Ltd
since 2012
6 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.7M
+34.5%
Medical building
$3.5M
+28.0%
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%
$2,785,000
6.5%
$2,570,000
7%
$2,385,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,730,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,675,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$3,500,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$2,715,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,585,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.45M
Range $2.20M – $2.69M · ±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
$170 / 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
$48,833
Tax year 2024
Assessed value
$5,739,750
Assessed 2024
Previous assessed
$5,739,570
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$407,130
Assessed improvement
$5,332,620
Land market value
$407,130
Improvement market value
$5,332,620
Total market value
$5,739,750
Applied tax rate
10.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2009
Heating
NONE
Stories
1
Total area
14,406 SF
Lot
1.45 ac (63,162 SF)
Zoning code
CITY
APN
3783-008-012-0006
UPID
US90-0682190
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Bremerton, WA
Zoning CITY · permitted uses
CITY · 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
RETAIL STORES Current
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.5M
OFFICE BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
2009
Heating
NONE
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Barrett Ltd
Individual
Free & Clear · 14 yrs held
Mailing address
1 UNIVERSITY PLZ STE #404, HACKENSACK, NJ 07601-6204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Jul 28, 2021
—
Cie Washington LLC
—
Deed
related
$3,500,000 · American United Life Insurance Company
Jul 2, 2012
$6,750,000
Barrett Ltd
Wb Capital Partners III LLC
Warranty Deed
—
Sep 20, 2011
—
Wb Capital Partners III LLC
Wag Group LLC
Warranty Deed
related
—
Jun 15, 2011
$6,225,000
Wag Group LLC
Kitsap Retail Partners LLC
Warranty Deed
$4,350,000 · Wells Fargo Bank
Dec 4, 2008
—
Kitsap Retail Partners LLC
—
Trustees Deed
related
$4,475,000 · Intervest Mortgage Co LLC
Aug 5, 2008
—
Dora Partners LLC
Kitsap Retail Partners LLC
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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