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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Warehouses
5108 Nixon Loop, Bremerton, WA 98312-8934
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-1548600
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2000
Total area
5,000 SF
Lot
4.83 ac (210,395 SF)
Zoning code
CITY
APN
122301-2-020-1008
UPID
US90-1548600
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
-
DS Sales Associates Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$898k
Blend (final)
Blend
$1.24M
Owner & transaction history
Kitsap Sports Properties LLC · 6 yrs held
Kitsap Sports Properties LLC
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+162.9%
Neighborhood: shopping center
$1.3M
+89.0%
Medical building
$1.2M
+79.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,775,000
Change: +163% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,275,000
Change: +89% · Conversion: Moderate
MEDICAL BUILDING
$1,215,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$950,000
Change: +40% · Conversion: Moderate
OFFICE BUILDING
$940,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$895,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10% · vs last sale $1.20M (Jan 21 2020)
Last sale anchor
$1.20M
Jan 21 2020
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
$247 / 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
$8,217
Tax year 2024
Assessed value
$1,099,510
Assessed 2024
Previous assessed
$1,011,310
+8.7% YoY
Effective rate
0.75%
On assessed value
Assessed land
$360,730
Assessed improvement
$738,780
Land market value
$360,730
Improvement market value
$738,780
Total market value
$1,099,510
Applied tax rate
195.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Heating
YES
Buildings
2
Stories
1
Total area
5,000 SF
Lot
4.83 ac (210,395 SF)
Zoning code
CITY
APN
122301-2-020-1008
UPID
US90-1548600
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
RESTAURANT
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$950,000
OFFICE BUILDING
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$895,000
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
2000
Heating
YES
Stories
1
Buildings
2
Lot
4.83 ac
Current owner
From public records · entity-resolved
Kitsap Sports Properties LLC
Entity
Mailing address
5108 SW NIXON LOOP, BREMERTON, WA 98312-8934
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Mar 19, 2020
—
Kitsap Sports Properties LLC
—
Deed
related
$600,000 · Jp Morgan Chase Bk
Mar 9, 2020
—
Kitsap Sports Properties LLC
—
Deed
related
$496,000 · Northwest Busn Dev Assn
Jan 21, 2020
$1,200,000
Kitsap Sports Properties LLC
Palmer Properties LLC
Warranty Deed
$600,000 · Jp Morgan Chase Bk
Oct 9, 2000
—
Palmer Properties LLC
Palmer,stan B & Carla M
Quit Claim Deed
related
—
Feb 3, 1999
—
Stan B Palmer
—
Grant Deed
related
$540,000 · Key Bank NA
—
—
Palmer Properties LLC
—
Deed Of Trust
related
$550,000 · American West Bank
—
—
Palmer Properties LLC
—
Deed Of Trust
related
$600,000 · Washington Fed'l Svgs
—
—
Kitsap Sports Properties LLC
—
Deed Of Trust
related
$600,000 · Jp Morgan Chase Bk
—
—
Palmer Properties LLC
—
Deed Of Trust
related
$535,260 · Kitsap Bank
—
—
Paije Properties LLC
—
Loan Modification
related
$5,500,333 · American West Bk
—
—
Kitsap Sports Properties LLC
—
Deed Of Trust
related
$496,000 · Northwest Busn Dev Assn
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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