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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Commercial real estate
4020 Bledsoe Ave Bremerton, WA 98310-2955
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1045488
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1975
Total area
2,084 SF
Lot
7.03 ac (306,227 SF)
Zoning code
CITY
APN
022401-4-068-2006
UPID
US90-1045488
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
-
Meka's Melodic Massage Alternative Medicine Practice Spa & Massage Center
-
Cedar Park Apartments Apartment Building
-
Cruz Landscaping in Bremerton, WA 98310 Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
$400k
Comparable Approach
Comparable
$734k
Blend (final)
Blend
$585k
Owner & transaction history
Project S25 LLC · 8 yrs held
Project S25 LLC
since 2018
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
$620,000
CAP Approach
CAP Return
Estimation
6%
$430,000
6.5%
$400,000
7%
$370,000
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$281 / 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
$189,388
Tax year 2024
Assessed value
$22,777,430
Assessed 2024
Previous assessed
$15,128,980
+50.6% YoY
Effective rate
0.83%
On assessed value
Assessed land
$662,700
Assessed improvement
$22,114,730
Land market value
$662,700
Improvement market value
$22,114,730
Total market value
$22,777,430
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1975
Heating
YES
Stories
2
Total area
2,084 SF
Lot
7.03 ac (306,227 SF)
Zoning code
CITY
APN
022401-4-068-2006
UPID
US90-1045488
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
Building & site characteristics
From public records
Year built
1975
Heating
YES
Stories
2
Lot
7.03 ac
Current owner
From public records · entity-resolved
Project S25 LLC
Entity
Mailing address
18605 17TH AVE NW, SHORELINE, WA 98177-3316
Ownership since
2018
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
Mar 29, 2022
—
Project S25 LLC
—
Deed
related
$18,900,000 · Boeing Employees Cu
Jun 18, 2018
$142,219
Project S25 LLC
Bremerton Apartments LLC
Warranty Deed
$6,400,000 · Boeing Emps Cu
Oct 11, 2011
$5,300,000
Bremerton Apartments LLC
Chen,hui-sung & Lynn
Warranty Deed
$3,859,000 · Centerline Mortgage Capital
Apr 20, 2000
$2,634,220
Hui-sung Chen
Richardson,merv H & Patricia C
Grant Deed
—
—
—
Hui-sung Chen
—
Deed Of Trust
related
$1,865,000 · World Savings Bank
—
—
Hui-sung Chen
—
Deed Of Trust
related
$2,751,000 · Abn Amro Mortgage Group INC
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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