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Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Medical Office Space
55 Fairgrounds Rd Bremerton, WA 98311-8629
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-3159875
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1998
Total area
4,119 SF
Lot
0.74 ac (32,234 SF)
Zoning code
NC
APN
262501-2-033-2003
UPID
US90-3159875
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
-
Master Orthodontics and Facial Esthetics Dental Office
-
Win Rumsey Family Dentistry Dental Office
-
Lingenbrink Orthodintics Dental Office
-
Kitsap Family Dentistry (Christopher Kerr, DDS) Dental Office
-
Win Rumsey D.D.S. Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.86M
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.53M
Owner & transaction history
Caballero Family Real Estate LLC · 4 yrs held
Caballero Family Real Estate LLC
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
NC · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+85.1%
Neighborhood: shopping center
$1.1M
+5.1%
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
$1,760,000
ML approach
$1,855,000
CAP Approach
CAP Return
Estimation
6%
$1,225,000
6.5%
$1,130,000
7%
$1,050,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,000,000
Current use
COMMERCIAL (GENERAL)
$1,850,000
Change: +85% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,050,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±10% · vs last sale $1.55M (Oct 1 2021)
Last sale anchor
$1.55M
Oct 1 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
$371 / 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
$8,159
Tax year 2024
Assessed value
$916,440
Assessed 2024
Previous assessed
$916,440
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$209,420
Assessed improvement
$707,020
Land market value
$209,420
Improvement market value
$707,020
Total market value
$916,440
Applied tax rate
6,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1998
Heating
YES
Stories
1
Total area
4,119 SF
Lot
0.74 ac (32,234 SF)
Zoning code
NC
APN
262501-2-033-2003
UPID
US90-3159875
Jurisdiction
KITSAP
Zoning & alternative use
NC · Bremerton, WA
Zoning NC · permitted uses
NC · 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
MEDICAL BUILDING Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1998
Heating
YES
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Caballero Family Real Estate LLC
Entity
Mailing address
9204 158TH ST CT NW, GIG HARBOR, WA 98329-8844
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2024
—
Caballero Family Real Estate LLC
—
Deed
related
$1,760,000 · Bank Of America NA
Oct 1, 2021
$1,550,000
Caballero Family Real Estate LLC
Plcl LLC
Warranty Deed
$2,580,000 · Live Oak Banking Company
Dec 14, 2016
—
Kitsap County
Plcl LLC
Warranty Deed
related
—
Mar 21, 2008
$920,637
Plcl LLC
Lingenbrink Holdings LLC
Warranty Deed
$720,637 · Lingenbrink Holdings LLC
Mar 21, 2008
—
Paul A G Lingenbrink
Lingenbrink Holdings LLC
Quit Claim Deed
related
—
Oct 30, 1996
—
Lingenbrink Holdings LLC
Lingenbrink,paul A & Christina M
Quit Claim Deed
related
—
—
—
Plcl LLC
—
Deed Of Trust
related
$461,585 · Kitsap Bank
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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