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Property profile & analytics
OFF-MARKET
Estimated value
$4,005,000
Medical Office Space
423 Pacific Ave Bremerton, WA 98337-1940
Entity Owned
9-yr Hold
Free & Clear
Property ID
US90-2690737
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1920
Total area
30,900 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CITY
APN
3718-015-026-0104
UPID
US90-2690737
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
-
General Dynamics Nassco Industrial Manufacturer Production Facility
-
Schroeter Goldmark & Bender Law Firm
-
Metro Solutions USA Corporate Office
-
Kahn Industries Freight Service Logistics Company
-
706 Hanami Housing Association
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.90M
Blend (final)
Blend
$4.01M
Owner & transaction history
423 Pacific Ave LLC · 9 yrs held
423 Pacific Ave LLC
since 2017
7 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.01M
Range $3.60M – $4.41M · ±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
$130 / 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
$20,140
Tax year 2024
Assessed value
$2,367,210
Assessed 2024
Previous assessed
$2,367,210
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$326,990
Assessed improvement
$2,040,220
Land market value
$326,990
Improvement market value
$2,040,220
Total market value
$2,367,210
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
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
4
Stories
4
Total area
30,900 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CITY
APN
3718-015-026-0104
UPID
US90-2690737
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.
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
4
Buildings
4
Lot
0.5 ac
Current owner
From public records · entity-resolved
423 Pacific Ave LLC
Entity
Free & Clear · 9 yrs held
Mailing address
423 PACIFIC AVE STE #402, BREMERTON, WA 98337-1948
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2022
—
423 Pacific Ave LLC
—
Deed
related
$3,150,000 · Telco Community Cu
Mar 22, 2017
$118,856
423 Pacific Ave LLC
Chop,sharron
Quit Claim Deed
related
—
Mar 22, 2017
$1,861,144
423 Pacific Ave LLC
Andys Gift LLC
Quit Claim Deed
related
$2,940,000 · Gbc Int'l Bk
Mar 22, 2017
—
423 Pacific Ave LLC
423 Pacific Bldg LLC
Quit Claim Deed
related
—
Dec 5, 2016
—
423 Pacific Bldg LLC
Andys Gift LLC
Quit Claim Deed
related
—
Mar 9, 2015
—
Jay S Wakefield
Wakefield Susanne M & Jay S
Quit Claim Deed
related
—
Mar 9, 2015
$645,800
Jay S Wakefield
Medical Dental Building Invest
Warranty Deed
$353,470 · Medical Dental Building Inv Gr
Apr 25, 2014
$6,200,000
Wolhaupter,judith
Medical Dental Building Group
Trustees Deed
$4,200,000 · Medical Dental Building Inv Gr
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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