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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Individual retail properties
4242 Mile Hl Dr Port Orchard, WA 98366-3906
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-3163586
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1994
Total area
9,600 SF
Lot
0.26 ac (11,326 SF)
Zoning code
C
APN
312402-1-057-2009
UPID
US90-3163586
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
-
Sound Elite Gymnastics Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$835k
Owner & transaction history
4242 Mile Hill LLC · 5 yrs held
4242 Mile Hill LLC
since 2021
Last sale
$775,000
7 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
$880,000
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,310,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,150,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,145,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$1,025,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $775k (May 4 2021)
Last sale anchor
$775k
May 4 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
$87 / 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
$5,709
Tax year 2024
Assessed value
$693,910
Assessed 2024
Previous assessed
$583,890
+18.8% YoY
Effective rate
0.82%
On assessed value
Assessed land
$49,860
Assessed improvement
$644,050
Land market value
$49,860
Improvement market value
$644,050
Total market value
$693,910
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1994
Heating
YES
Stories
2
Total area
9,600 SF
Lot
0.26 ac (11,326 SF)
Zoning code
C
APN
312402-1-057-2009
UPID
US90-3163586
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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1994
Heating
YES
Stories
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
4242 Mile Hill LLC
Entity
Mailing address
4280 SE MILE HL DR UNIT #200, PORT ORCHARD, WA 98366-3907
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
$775,000
4242 Mile Hill LLC
0808 Wa LLC
Warranty Deed
$581,250 · Potlatch No 1 FCU
Aug 29, 2008
—
Tilson 0808 LLC
Friedman,edward J & Candice I
Deed In Lieu Of Foreclosure
related
—
Mar 31, 2003
$375,000
Edward J Friedman
Wilson,patti L
Grant Deed
$352,000 · Kitsap Bank
Dec 19, 1996
—
Patti L Olson
Neuschwanger,deborah L
Grant Deed
related
—
Jul 25, 1991
$35,000
Marty L Neuschwanger
Unknown
Grant Deed
—
—
—
Edward J Friedman
—
Deed Of Trust
related
$410,000 · Foundation Financial Partners
—
—
Tilson 0808 LLC
—
Deed Of Trust
related
$450,000 · Columbia State Bank
—
—
Patricia L Wilson
—
Deed Of Trust
related
$13,000 · Individual
—
—
Patricia L Wilson
—
Deed Of Trust
related
$7,000 · Individual
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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