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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Office buildings
4235 Mile Hl Dr Port Orchard, WA 98366-3920
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3190323
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
8,756 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C
APN
302402-4-197-2005
UPID
US90-3190323
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
-
LaRae & Associates Marriage Or Relationship Counselor
-
Anita L. LaRae, LMHC Counselor
-
Ellie Renne Real Estate Agency
-
Kitsap Real Estate Advisor Real Estate Agency
-
Coldwell Banker Park Shore Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$855k
Owner & transaction history
Park Shore Offices LLC · 4 yrs held
Park Shore Offices LLC
since 2021
Last sale
$800,000
4 recorded transactions
Zoning & alternative use
C · Port Orchard, 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 Port Orchard submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Orchard 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
$910,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $800k (Dec 29 2021)
Last sale anchor
$800k
Dec 29 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
$98 / 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
$6,518
Tax year 2024
Assessed value
$792,270
Assessed 2024
Previous assessed
$792,270
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$123,190
Assessed improvement
$669,080
Land market value
$123,190
Improvement market value
$669,080
Total market value
$792,270
Applied tax rate
8,040.0000
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
1980
Heating
YES
Stories
2
Total area
8,756 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C
APN
302402-4-197-2005
UPID
US90-3190323
Jurisdiction
KITSAP
Zoning & alternative use
C · Port Orchard, WA
Zoning C · permitted uses
C · Port Orchard, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Orchard. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
YES
Stories
2
Lot
0.5 ac
Current owner
From public records · entity-resolved
Park Shore Offices LLC
Entity
Mailing address
PO BOX 1ST 1, PORT ORCHARD, WA 98366-0001
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2022
—
Park Shore Offices LLC
—
Deed
related
$332,000 · Evergreen Business Capital
Dec 29, 2021
$800,000
Park Shore Offices LLC
Gerald L Lyman
Warranty Deed
$400,000 · Columbia State Bank
—
—
Gerald L Lyman
—
Deed Of Trust
related
$25,454 · Pacific Northwest Bank
—
—
Gerald L Lyman
—
Deed Of Trust
related
$264,767 · Kitsap Bank
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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