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Property profile & analytics
OFF-MARKET
Estimated value
$7,095,000
Outlet malls
4209 Wheaton Way Bremerton, WA 98310-3626
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-0610786
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1987
Total area
45,750 SF
Lot
4.26 ac (185,566 SF)
Zoning code
CITY
APN
022401-1-060-2000
UPID
US90-0610786
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
-
Petco (Bike/Boat/Book/etc) Store Pet Store
-
fi.d.o (Bike/Boat/Book/etc) Store Pet Store & Service
-
Petco Dog Training Animal Training
-
Petco Vaccination Clinic Veterinary Clinic
-
Olympic college High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.16M
Comparable Approach
Comparable
$7.23M
Blend (final)
Blend
$7.10M
Owner & transaction history
Wheaton Way Capital LLC · 13 yrs held
Wheaton Way Capital LLC
since 2013
5 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.7M
+34.5%
Medical building
$11.1M
+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%
$8,840,000
6.5%
$8,160,000
7%
$7,575,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,675,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$11,670,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$11,110,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$8,615,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,200,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$7.10M
Range $6.39M – $7.80M · ±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
$155 / 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
$48,516
Tax year 2024
Assessed value
$5,835,010
Assessed 2024
Previous assessed
$5,082,430
+14.8% YoY
Effective rate
0.83%
On assessed value
Assessed land
$477,560
Assessed improvement
$5,357,450
Land market value
$477,560
Improvement market value
$5,357,450
Total market value
$5,835,010
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1987
Heating
YES
Stories
1
Total area
45,750 SF
Lot
4.26 ac (185,566 SF)
Zoning code
CITY
APN
022401-1-060-2000
UPID
US90-0610786
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
RETAIL STORES Current
Est. value
$8.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.7M
MEDICAL BUILDING
Est. value
$11.1M
OFFICE BUILDING
Est. value
$8.6M
AUTO REPAIR, GARAGE
Est. value
$8.2M
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
1987
Heating
YES
Stories
1
Lot
4.26 ac
Current owner
From public records · entity-resolved
Wheaton Way Capital LLC
Entity
Mailing address
5312 PACIFIC HWY E, TACOMA, WA 98424-2602
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2021
—
Wheaton Way Capital LLC
—
Deed
related
$3,250,000 · Kitsap Cu
Apr 4, 2013
—
Wheaton Way Capital LLC
Hogan,charles R
Quit Claim Deed
related
—
Sep 11, 1991
—
Crh Investments
Unknown
Quit Claim Deed
related
—
—
—
Petco Animal Supplies INC
—
Deed Of Trust
related
—
—
—
Wheaton Way Capital LLC
—
Deed Of Trust
related
$3,775,000 · Keybank USA
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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