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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Grocery and convenience stores
4399 Kitsap Way Bremerton, WA 98312-2445
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-1530580
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1969
Total area
2,534 SF
Lot
0.57 ac (24,829 SF)
Zoning code
CITY
APN
3748-001-015-0002
UPID
US90-1530580
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
-
Cowgirl Coffee Co Take-out & Catering Cafe & Coffee Shop
-
Chevron Gas Station
-
Chevron Auto Auto Parts Store
-
ATM Atm
-
Food Mart Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$785k
Blend (final)
Blend
$710k
Owner & transaction history
Mi H Jung · 7 yrs held
Mi H Jung
since 2019
7 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+76.1%
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
$440,000
CAP Approach
CAP Return
Estimation
6%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Current use
COMMERCIAL (GENERAL)
$1,140,000
Change: +76% · Conversion: Easy
MEDICAL BUILDING
$615,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$280 / 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
$20,796
Tax year 2024
Assessed value
$2,444,280
Assessed 2024
Previous assessed
$2,444,280
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$216,670
Assessed improvement
$2,227,610
Land market value
$216,670
Improvement market value
$2,227,610
Total market value
$2,444,280
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1969
Heating
NONE
Stories
1
Total area
2,534 SF
Lot
0.57 ac (24,829 SF)
Zoning code
CITY
APN
3748-001-015-0002
UPID
US90-1530580
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1969
Heating
NONE
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Mi H Jung
Individual
Mailing address
4399 KITSAP WAY, BREMERTON, WA 98312-2445
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2019
—
Mi H Jung
Kim,luke N
Quit Claim Deed
related
—
Aug 7, 2019
$3,190,000
Gk & Khara INC
Jung,mi H
Warranty Deed
$2,392,500 · Columbia St Bk
Jul 15, 2019
—
Mi H Jung
J & M Holding Group LLC
Quit Claim Deed
related
—
May 30, 2013
$1,200,000
J & M Holding Group LLC
James Of Roberta LLC
Warranty Deed
$1,046,500 · Pacific City Bank
Oct 8, 2004
$1,225,000
James Of Roberta LLC
Oberg,michael D & Faythe
Warranty Deed
related
$585,570 · Timberland Bk
Jul 11, 1997
$365,000
Michael D Oberg
Wang Trust
Grant Deed
$265,000 · Seller
—
—
Michael D Oberg
—
Deed Of Trust
related
$570,000 · Metlife Capital Financial Corp
—
—
Michael D Oberg
—
Deed Of Trust
related
$570,000 · Metlife Capital Financial Corp
—
—
Michael D Oberg
—
Deed Of Trust
related
—
—
—
James Of Roberta LLC
—
Deed Of Trust
related
$424,000 · Northwest Busn Dev Assn
—
—
Michael D Oberg
—
Deed Of Trust
related
—
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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