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Property profile & analytics
OFF-MARKET
Estimated value
$5,625,000
Office buildings
4060 Wheaton Way Bremerton, WA 98310-3500
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-0021671
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
18,830 SF
Lot
0.73 ac (31,799 SF)
Zoning code
CITY
APN
3994-000-002-0000
UPID
US90-0021671
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
-
West Sound Treatment Center Medical Clinic
-
Trillium Women's Center Medical Clinic
-
Bradley Stockton Physician
-
Cailin Schupbach Counselor Social Worker
-
Shaolin Mixed Martial Arts Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.16M
CAP Approach
CAP
$4.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.63M
Owner & transaction history
Waite Wheaton Way LLC · 5 yrs held
Waite Wheaton Way LLC
since 2021
Last sale
$5.6M
6 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.5M
+138.6%
Restaurant
$6.7M
+88.5%
Neighborhood: shopping center
$4.8M
+35.5%
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
$6,360,000
ML approach
$6,160,000
CAP Approach
CAP Return
Estimation
6%
$4,770,000
6.5%
$4,405,000
7%
$4,090,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,545,000
Current use
COMMERCIAL (GENERAL)
$8,460,000
Change: +139% · Conversion: Easy
RESTAURANT
$6,685,000
Change: +88% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,805,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$4,570,000
Change: +29% · Conversion: Easy
RETAIL STORES
$3,570,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,375,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$5.63M
Range $5.06M – $6.19M · ±10% · vs last sale $5.60M (Jul 12 2021)
Last sale anchor
$5.60M
Jul 12 2021
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
$299 / 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
$17,175
Tax year 2024
Assessed value
$2,018,750
Assessed 2024
Previous assessed
$2,018,750
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$292,340
Assessed improvement
$1,726,410
Land market value
$292,340
Improvement market value
$1,726,410
Total market value
$2,018,750
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Heating
YES
Stories
1
Total area
18,830 SF
Lot
0.73 ac (31,799 SF)
Zoning code
CITY
APN
3994-000-002-0000
UPID
US90-0021671
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
OFFICE BUILDING Current
Est. value
$3.5M
COMMERCIAL (GENERAL)
Est. value
$8.5M
RESTAURANT
Est. value
$6.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$4.6M
RETAIL STORES
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
1982
Heating
YES
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Waite Wheaton Way LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1265 NW DARLING RD, BREMERTON, WA 98311-9084
Ownership since
2021
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 12, 2021
—
Waite Wheaton Way LLC
Robin Waite
Quit Claim Deed
related
—
Apr 23, 2019
—
Robin Waite
—
Deed
related
$2,100,000 · Leah M Waite
Aug 1, 2005
$5,599,999
Waite,robin I G & Karen R
Wagley Investments INC
Grant Deed
$2,900,000 · Homestreet Bk
Nov 6, 1990
—
Wagley Investments INC
Unknown
Grant Deed
related
—
—
—
Robin Waite
—
Deed Of Trust
related
$2,100,000 · Leah M Waite
—
—
Robin Waite
—
Loan Modification
related
$9,909,962 · 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.
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