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Property profile & analytics
FOR SALE
Grocery and convenience stores
3985 Cherry St SE, Port Orchard, WA 98366
Entity Owned
~
Est. High Equity
Property ID
US90-1155484
No photos on file
For Sale
$975,000
3985 Cherry St SE, Port Orchard, WA 98366
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1932
Total area
3,366 SF
Lot
0.37 ac (16,117 SF)
Zoning code
RCO
APN
4787-000-015-0004
UPID
US90-1155484
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
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$677k
Blend (final)
Blend
$575k
Owner & transaction history
J&s Grocery LLC
J&s Grocery LLC
since 2025
Last sale
$575,000
7 recorded transactions
Zoning & alternative use
RCO · Port Orchard, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$925,000
+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
$575,000
ML approach
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$860,000
Current use
RETAIL STORES
$925,000
Change: +8% · Conversion: Easy
OFFICE BUILDING
$840,000
Change: -2% · Conversion: Moderate
MEDICAL BUILDING
$815,000
Change: -5% · Conversion: Difficult
WAREHOUSE, STORAGE
$690,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $575k (Jan 5 2024)
Last sale anchor
$575k
Jan 5 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
$171 / 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
$2,410
Tax year 2024
Assessed value
$292,890
Assessed 2024
Previous assessed
$292,890
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$70,340
Assessed improvement
$222,550
Land market value
$70,340
Improvement market value
$222,550
Total market value
$292,890
Applied tax rate
8,110.0000
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
For Sale
Year built
1932
Heating
YES
Stories
1
Total area
3,366 SF
Lot
0.37 ac (16,117 SF)
Zoning code
RCO
APN
4787-000-015-0004
UPID
US90-1155484
Jurisdiction
KITSAP
Zoning & alternative use
RCO · Port Orchard, WA
Zoning RCO · permitted uses
RCO · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$860,000
RETAIL STORES
Est. value
$925,000
OFFICE BUILDING
Est. value
$840,000
MEDICAL BUILDING
Est. value
$815,000
WAREHOUSE, STORAGE
Est. value
$690,000
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
1932
Heating
YES
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
J&s Grocery LLC
Entity
Mailing address
3985 CHERRY ST SE, PORT ORCHARD, WA 98366-8904
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2025
—
J&s Grocery LLC
Sarbjeet Singh
Quitclaim Deed
related
$479,000 · Seattle Metropolitan Credit Union
Jan 5, 2024
$575,000
Sarbjeet Singh
Greenland Industries LLC
Warranty Deed
$479,350 · Remond Funding Group LLC
Jul 26, 2021
—
Greenland Industries LLC
—
Deed
related
$545,000 · Remond Funding Group LLC
Aug 27, 2018
$300,000
Greenland Industries LLC
Freds Best One LLC
Warranty Deed
$495,700 · Redmond Fndg
Jun 15, 2011
—
Freds Best One LLC
Grant,frederick D
Quit Claim Deed
related
—
Oct 2, 1991
$45,434
Frederick D Grant
Unknown
Quit Claim Deed
related
—
—
—
Frederick D Grant
—
Deed Of Trust
related
$6,650 · Kitsap Bank
—
—
Frederick D Grant
—
Deed Of Trust
related
$151,608 · Kitsap Bank
—
—
Frederick D Grant
—
Deed Of Trust
related
$7,500 · 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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