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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Retail space
4930 Kitsap Way, Bremerton, WA 98312-2351
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-0215112
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1939
Total area
5,688 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CITY
APN
162401-4-016-2003
UPID
US90-0215112
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
-
ATM Atm
-
Tiny's House of Crabs Restaurant
-
Yak's Deli Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.13M
Owner & transaction history
Bremerton Business Group LLC · 5 yrs held
Bremerton Business Group LLC
since 2021
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+34.5%
Medical building
$1.4M
+28.0%
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
$1,210,000
ML approach
$1,230,000
CAP Approach
CAP Return
Estimation
6%
$1,100,000
6.5%
$1,015,000
7%
$940,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,080,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,450,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$1,380,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$1,070,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,020,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10% · vs last sale $1.07M (May 3 2021)
Last sale anchor
$1.07M
May 3 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
$198 / 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
$5,062
Tax year 2024
Assessed value
$595,030
Assessed 2024
Previous assessed
$544,730
+9.2% YoY
Effective rate
0.85%
On assessed value
Assessed land
$201,180
Assessed improvement
$393,850
Land market value
$201,180
Improvement market value
$393,850
Total market value
$595,030
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1939
Heating
YES
Stories
1
Total area
5,688 SF
Lot
0.5 ac (21,780 SF)
Zoning code
CITY
APN
162401-4-016-2003
UPID
US90-0215112
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1939
Heating
YES
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Bremerton Business Group LLC
Entity
Mailing address
4930 KITSAP WAY, BREMERTON, WA 98312-2351
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2021
$750,000
Bremerton Business Group LLC
Myung Sook Lee
Warranty Deed
$920,000 · Commonwealth Business Bank
Nov 26, 2007
—
Hong Y Lee
Lee,myung S
Quit Claim Deed
related
—
Nov 26, 2007
$860,000
Hong Y Lee
Fong,david L & Connie Y
Warranty Deed
$1,000,000 · Keb La Financial Corp
Oct 1, 2002
$290,000
Connie Y Fong
Lee,sung L & Kyung S
Grant Deed
—
—
—
Hong Y Lee
—
Deed Of Trust
related
$960,500 · United Labor Bank
—
—
David L Fong
—
Deed Of Trust
related
$150,000 · Key Bank NA
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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