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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Office buildings
4519 Mile Hl Dr Port Orchard, WA 98366-3909
Entity Owned
20-yr Hold
Free & Clear
Property ID
US90-0036447
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1957
Total area
4,966 SF
Lot
1.87 ac (81,457 SF)
Zoning code
C
APN
302402-4-145-2008
UPID
US90-0036447
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
-
Astound Broadband Powered by Wave Telecommunications Service Data Center
-
D'Avino Arin M Alternative Medicine Practice Spa & Massage Center
-
Arin D'avino Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$845k
Blend (final)
Blend
$1.03M
Owner & transaction history
Wavedivision IV LLC · 20 yrs held
Wavedivision IV LLC
since 2006
7 recorded transactions
Zoning & alternative use
C · Port Orchard, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.4M
+10.6%
Neighborhood: shopping center
$1.3M
+2.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,260,000
6.5%
$1,160,000
7%
$1,080,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,235,000
Current use
RETAIL STORES
$1,365,000
Change: +11% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,265,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$1,205,000
Change: -2% · Conversion: Easy
WAREHOUSE, STORAGE
$1,015,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$206 / 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
$8,723
Tax year 2024
Assessed value
$1,060,180
Assessed 2024
Previous assessed
$1,025,210
+3.4% YoY
Effective rate
0.82%
On assessed value
Assessed land
$295,300
Assessed improvement
$764,880
Land market value
$295,300
Improvement market value
$764,880
Total market value
$1,060,180
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
1957
Heating
YES
Buildings
5
Stories
2
Total area
4,966 SF
Lot
1.87 ac (81,457 SF)
Zoning code
C
APN
302402-4-145-2008
UPID
US90-0036447
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
OFFICE BUILDING Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.0M
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1957
Heating
YES
Stories
2
Buildings
5
Lot
1.87 ac
Current owner
From public records · entity-resolved
Wavedivision IV LLC
Entity
Free & Clear · 20 yrs held
Mailing address
3700 MONTE VILLA PKWY STE #200, BOTHELL, WA 98021-9126
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2006
$1,350,000
Wavedivision IV LLC
Brockman,harold R & Bonnie J
Warranty Deed
—
Mar 31, 2003
$961,700
Harold R Brockman
Twiner,willis E
Grant Deed
$497,700 · Willis E Twiner
—
—
Willis E Twiner
—
Deed Of Trust
related
$243,750 · Us Bank
—
—
Wavedivision IV LLC
—
Deed Of Trust
related
—
—
—
Harold R Brockman
—
Deed Of Trust
related
$498,000 · Us Bank NA
—
—
Wavedivision IV LLC
—
Deed Of Trust
related
—
—
—
Wavedivision IV LLC
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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