Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5450 Caitlin St Silverdale, WA 98383-0016

    • Warehouses
    • 3,888 SF
    • 0.81 lot acres
    OFF-MARKET
    Last Sale
    Feb 20, 2020
    $512,150
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    4.5%
    Warehouses
    Location Intelligence
    Property ID
    US90-0670240
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 5450 Caitlin St

    Year built
    1992
    Lot size
    0.81 lot acres
    Property size
    3,888 SF
    Zone code
    IND
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    302501-1-024-2000
    APU
    30250110242000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $620,000
      6.5%
      $575,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $590,000
      Market price range: $454k - $1.17M
      AI Estimate
      $367,000
      Market price range: $236k - $759k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $795,000
      Current use
      AUTO REPAIR, GARAGE
      $675,000
      Change: -15% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Silverdale
    County
    Kitsap
    State
    Washington
    Longitude
    -122.723
    Latitude
    47.6341
    CBSA code
    14740
    CBSA name
    BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,659
    $118,140
    $293,730
    $411,870
    -
    $118,140
    $293,730
    $411,870

    Comparable in this City

    • Value Estimation
      $600,000
      3,960 SF

      5454 Caitlin St

      MINI-WAREHOUSE, STORAGE • 3,960 SF
      5454 Caitlin St, Silverdale, WA 98383-0015
      View Details
    • Value Estimation
      $1,380,000
      8,000 SF

      7979 Provost NW Rd

      MINI-WAREHOUSE, STORAGE • 8,000 SF
      7979 Provost NW Rd, Silverdale, WA 98383-6854
      View Details
    • Value Estimation
      $735,000
      6,828 SF

      6338 Warehouse Way

      MINI-WAREHOUSE, STORAGE • 6,828 SF
      6338 Warehouse Way, Silverdale, WA 98383-6313
      View Details
    • Value Estimation
      $510,000
      4,800 SF

      9405 Provost NW Rd

      MINI-WAREHOUSE, STORAGE • 4,800 SF
      9405 Provost NW Rd, Silverdale, WA 98383-6815
      View Details
    • Value Estimation
      $755,000
      8,048 SF

      9000 Silverdale NW Way

      MINI-WAREHOUSE, STORAGE • 8,048 SF
      9000 Silverdale NW Way, Silverdale, WA 98383-9198
      View Details
    • Value Estimation
      $860,000
      5,184 SF

      9141 Silverdale NW Way

      MINI-WAREHOUSE, STORAGE • 5,184 SF
      9141 Silverdale NW Way, Silverdale, WA 98383
      View Details

    Similar Nearby for Sale

    • $4,350,000

      Silverdale Commercial Building with Tenants

      Multi-tenant commercial building in Silverdale with established businesses.
      10705 Silverdale Way NW, Silverdale, WA 98383
      View Details
    • $549,000
      1,000 SF

      Silverdale Commercial Building For Sale

      Versatile commercial building in high-traffic Silverdale location with mixed-use potential.
      9050 Silverdale Way NW, Silverdale, WA 98383
      View Details
    • $1,500,000

      Silverdale Land Development Opportunity

      Land development opportunity in a rapidly growing Silverdale neighborhood.
      NW Dream Ct, Silverdale, WA 98383
      View Details
    • $7,000,000

      Land For Sale Silverdale, WA

      Land available for sale in Silverdale, Washington.
      9506 Mickelberry Rd NW, Silverdale, WA 98383
      View Details
    • $185,000
      1.60 Acres

      Private Wooded Acreage Near Sequim

      Private 1.6 acre wooded lot near town amenities.
      S 3Rd Ave, Sequim, WA 98383
      View Details
    • $2,250,000
      9,351 SF

      Silverdale Office Building with Views

      Office building in Silverdale with in-place income and views.
      9619 Levin Rd Northwest, Silverdale, WA 98383
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      38,000 SF

      Silverdale Flex Building Opportunity

      Planned 38,000 SF flex building in Silverdale, Washington.
      11812 Clear Creek Rd NW, Silverdale, WA 98383
      View Details
    • $1.30 SF/Yr
      13,600 SF

      Flex Space in Business Park

      Flex space available with new construction planned for completion Q4 2025.
      11806 Clear Creek Rd NW, Silverdale, WA 98383
      View Details
    • Contact for pricing
      850,129 SF

      Kitsap Place Retail Center

      Silverdale, WA: 19,121 SF Available
      10300 Silverdale Way, Silverdale, WA 98383
      View Details
    • $20 SF/Yr
      22,571 SF

      Silverdale Commercial Property For Lease

      Versatile commercial property with ample parking and high visibility.
      9633 Levin Rd NW, Silverdale, WA 98383
      View Details
    • $20 SF/Yr
      2,250 SF

      Silverdale Office Space Available

      2250 square feet of office space for lease.
      11634 Clear Creek Rd NW, Silverdale, WA 98383
      View Details
    • Contact for pricing
      9,976 SF

      Retail Space Near Kitsap Mall

      Retail space available near Kitsap Mall with highway access.
      3235 NW Plaza Rd, Silverdale, WA 98383
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5450 Caitlin St
    Silverdale, WA 98383-0016
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.