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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Warehouses
5454 Caitlin St Silverdale, WA 98383-0015
Entity Owned
6-yr Hold
Free & Clear
Property ID
US90-1671367
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1992
Total area
3,960 SF
Lot
1.04 ac (45,302 SF)
Zoning code
IND
APN
302501-1-023-2001
UPID
US90-1671367
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$585k
Comparable Approach
Comparable
$728k
Blend (final)
Blend
$600k
Owner & transaction history
5454 Caitlin St LLC · 6 yrs held
5454 Caitlin St LLC
since 2020
Last sale
$512,150
5 recorded transactions
Zoning & alternative use
IND · Silverdale, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$960,000
+18.7%
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 Silverdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silverdale 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
$825,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$585,000
7%
$540,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$810,000
Current use
MEDICAL BUILDING
$960,000
Change: +19% · Conversion: Difficult
AUTO REPAIR, GARAGE
$685,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $512k (Feb 20 2020)
Last sale anchor
$512k
Feb 20 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
$152 / 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
$4,511
Tax year 2024
Assessed value
$507,740
Assessed 2024
Previous assessed
$521,760
-2.7% YoY
Effective rate
0.89%
On assessed value
Assessed land
$134,550
Assessed improvement
$373,190
Land market value
$134,550
Improvement market value
$373,190
Total market value
$507,740
Applied tax rate
6,410.0000
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
1992
Heating
YES
Stories
1
Total area
3,960 SF
Lot
1.04 ac (45,302 SF)
Zoning code
IND
APN
302501-1-023-2001
UPID
US90-1671367
Jurisdiction
KITSAP
Zoning & alternative use
IND · Silverdale, WAZoning IND · permitted uses
IND · Silverdale, 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
WAREHOUSE, STORAGE Current
Est. value
$810,000
MEDICAL BUILDING
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$685,000
WAREHOUSE, STORAGE Current
MEDICAL 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
1992
Heating
YES
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
5454 Caitlin St LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 4044, SILVERDALE, WA 98383-4044
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2020
—
5454 Caitlin St LLC
Herdman Properties LLC
Warranty Deed
related
—
Aug 8, 2019
$512,150
Herdman Properties LLC
Hunt,greg B & Nancy C
Warranty Deed
$512,149 · Greg B & Nancy C Hunt
Jun 17, 2003
$285,000
Greg B Hunt
Gulberg,timothy D
Quit Claim Deed
related
—
Sep 29, 1992
$393,000
Timothy D Gulberg
Unknown
Grant Deed
—
—
—
Timothy D Gilberg
—
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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