New search
Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Retail space
403 Naval Ave, Bremerton, WA 98312
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-0179651
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1946
Total area
5,610 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CITY
APN
142401-3-016-2007
UPID
US90-0179651
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
by Request
CAP Approach
CAP
$1.00M
Comparable Approach
Comparable
$910k
Blend (final)
Blend
$925k
Owner & transaction history
Northwest Commercial LLC · 11 yrs held
Northwest Commercial LLC
since 2015
7 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.4M
+34.5%
Medical building
$1.4M
+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%
$1,085,000
6.5%
$1,000,000
7%
$930,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,065,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,430,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$1,360,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$1,055,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,005,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±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
$165 / 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
$6,196
Tax year 2024
Assessed value
$728,220
Assessed 2024
Previous assessed
$633,460
+15.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$178,520
Assessed improvement
$549,700
Land market value
$178,520
Improvement market value
$549,700
Total market value
$728,220
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1946
Heating
YES
Buildings
2
Stories
1
Total area
5,610 SF
Lot
0.4 ac (17,424 SF)
Zoning code
CITY
APN
142401-3-016-2007
UPID
US90-0179651
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
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
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
1946
Heating
YES
Stories
1
Buildings
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
Northwest Commercial LLC
Entity
Mailing address
405 NAVAL AVE, BREMERTON, WA 98312-4047
Ownership since
2015
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
Mar 31, 2017
—
Northwest Commercial LLC
—
Deed
related
$100,000 · Timberland Bk
Feb 18, 2015
—
Northwest Commercial LLC
Sandhu Punardeep S
Quit Claim Deed
related
—
Oct 3, 2014
—
Punardeep S Sandhu
Building Assets LLP
Grant Deed
related
—
Dec 19, 2013
$650,000
Punardeep S Sandhu
Building Assets LLP
Dual Purpose Document
related
$570,101 · Building Assets LLP
Apr 22, 2004
—
Building Assets LLP
Asleson,ronald L
Quit Claim Deed
related
—
Apr 2, 2001
$375,000
American Drug Stores INC
Mcdonald,clarence T & Susan D
Grant Deed
—
Dec 29, 2000
$200,000
Clarence T Mcdonald
Halvorsen,elsie
Grant Deed
$176,000 · Halvorsen Trust
—
—
Northwest Commercial LLC
—
Deed Of Trust
related
$40,000 · John Chun
—
—
Northwest Commercial LLC
—
Deed Of Trust
related
$100,000 · Timberland 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?”
You own 403 Naval Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
