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Property profile & analytics
OFF-MARKET
Estimated value
$440,000
Retail space
5205 1st St Bremerton, WA 98312-3341
Individually Owned
36-yr Hold
~
Est. High Equity
Property ID
US90-0824627
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Total area
11,772 SF
Lot
1.31 ac (57,064 SF)
Zoning code
CITY
APN
212401-1-085-2008
UPID
US90-0824627
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
-
Brothers Powersports Honda Parts Auto Parts Store
-
The Brothers Powersports Service Auto Repair Shop
-
Indian Motorcycle of Bremerton Department Store
-
Brothers Powersports | Motorcycle & Powersports Dealer In Bremerton | Powersports Service, Sales & Parts (Bike/Boat/Book/etc) Store Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.10M
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$440k
Owner & transaction history
Jeff Nilsen · 36 yrs held
Jeff Nilsen
since 1989
7 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.0M
+34.5%
Medical building
$2.9M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,275,000
6.5%
$2,100,000
7%
$1,950,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,235,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,005,000
Change: +35% · Conversion: Moderate
MEDICAL BUILDING
$2,860,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$2,215,000
Change: -1% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,110,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$440k
Range $396k – $484k · ±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
$37 / 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
$9,322
Tax year 2024
Assessed value
$1,095,690
Assessed 2024
Previous assessed
$959,650
+14.2% YoY
Effective rate
0.85%
On assessed value
Assessed land
$345,710
Assessed improvement
$749,980
Land market value
$345,710
Improvement market value
$749,980
Total market value
$1,095,690
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
1959
Heating
YES
Buildings
2
Stories
1
Total area
11,772 SF
Lot
1.31 ac (57,064 SF)
Zoning code
CITY
APN
212401-1-085-2008
UPID
US90-0824627
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
RETAIL STORES Current
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
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
1959
Heating
YES
Stories
1
Buildings
2
Lot
1.31 ac
Current owner
From public records · entity-resolved
Jeff Nilsen
Individual
Mailing address
5205 1ST ST, BREMERTON, WA 98312-3341
Ownership since
1989
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2020
—
C Jeff Nilsen
—
Deed
related
—
Dec 15, 1989
$350,000
Jeff Nilsen
Unknown
Grant Deed
—
—
—
Nilsen,c Jeff & Diana B
—
Deed Of Trust
related
$284,000 · Columbia St Bk
—
—
Nilsen C J
—
Deed Of Trust
related
$200,000 · North Sound Bank
—
—
C Jeff Nilsen
—
Loan Modification
related
—
—
—
C Jeff Nilsen
—
Deed Of Trust
related
$348,174 · Peoples Bank & Trust
—
—
C Jeff Nilsen
—
Deed Of Trust
related
$500,000 · Peoples Bank & Trust
—
—
Nilsen,c Jeff & Diana B
—
Deed Of Trust
related
$500,000 · Columbia St Bk
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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