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Property profile & analytics
OFF-MARKET
Estimated value
$9,450,000
Office buildings
555 Pacific Ave Bremerton, WA 98337-1903
Individually Owned
32-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1217014
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
85,626 SF
Lot
0.42 ac (18,295 SF)
Zoning code
CITY
APN
3718-016-026-0102
UPID
US90-1217014
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
-
Shannon Johnson | Loan Officer Outside Sales | Primary Residential Mortgage, Inc. Loan Service Bank
-
The Spot - A Vibe Space Resort Vacation Rental
-
Franklin B Brown MD | Kaiser Permanente Physician
-
Freda Monu O' Donoghue Counselor Social Worker
-
Taku • Bremerton Real Estate Photography + Video + Drone + Matterport Tours Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.14M
Blend (final)
Blend
$9.45M
Owner & transaction history
Tim Ryan · 32 yrs held
Tim Ryan
since 1993
7 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
AUTO REPAIR, GARAGE
$15,350,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$9.45M
Range $8.51M – $10.40M · ±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
$110 / 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
$67,023
Tax year 2024
Assessed value
$7,877,680
Assessed 2024
Previous assessed
$7,877,680
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$183,620
Assessed improvement
$7,694,060
Land market value
$183,620
Improvement market value
$7,694,060
Total market value
$7,877,680
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Heating
YES
Stories
4
Total area
85,626 SF
Lot
0.42 ac (18,295 SF)
Zoning code
CITY
APN
3718-016-026-0102
UPID
US90-1217014
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
AUTO REPAIR, GARAGE
Est. value
$15.4M
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
2007
Heating
YES
Stories
4
Lot
0.42 ac
Current owner
From public records · entity-resolved
Tim Ryan
Individual
Free & Clear · 32 yrs held
Mailing address
19307 8TH AVE NE STE A, POULSBO, WA 98370-7370
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2024
—
Tim Ryan Properties LP
—
Deed
related
$11,000,000 · Kitsap Bank
Dec 28, 2018
—
Tim Ryan Properties LP
—
Deed
related
$2,000,000 · Coastal Cmnty Bk
Jul 3, 2018
—
Tim Ryan Properties LP
—
Deed
related
—
Mar 30, 2018
—
Tim Ryan Properties LP
—
Trustees Deed
related
$2,750,000 · Coastal Cmnty Bk
Jul 3, 2007
—
Tim Ryan Properties
—
Trustees Deed
related
$9,000,000 · Frontier Bank
Dec 29, 1993
—
Tim Ryan
Unknown
Grant Deed
related
—
—
—
Tim Ryan Properties LP
—
Deed Of Trust
related
$2,000,000 · Coastal Cmnty Bk
—
—
Tim Ryan Properties LP
—
Loan Modification
related
—
—
—
Tim Ryan Properties LP
—
Loan Modification
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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