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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Medical Office Space
59 Fairgrounds Rd Bremerton, WA 98311-8609
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0671903
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Total area
7,777 SF
Lot
0.81 ac (35,284 SF)
Zoning code
NC
APN
262501-2-032-2004
UPID
US90-0671903
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
-
Dr. Douglas E. Dance, DDS Dental Office
-
Legacy Dental Group PLLC Dental Office
-
Burson Dyke w DDS Dental Office
-
Central Valley Dental Center Dental Office
-
Dr. Whitney Berens Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$916k
Blend (final)
Blend
$1.45M
Owner & transaction history
Central Valley Dental Center L · 12 yrs held
Central Valley Dental Center L
since 2014
5 recorded transactions
Zoning & alternative use
NC · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.0M
+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
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
MEDICAL BUILDING
$1,890,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,985,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±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
$186 / 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
$13,821
Tax year 2024
Assessed value
$1,552,400
Assessed 2024
Previous assessed
$1,552,400
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$223,600
Assessed improvement
$1,328,800
Land market value
$223,600
Improvement market value
$1,328,800
Total market value
$1,552,400
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
MEDICAL BUILDING
Status
Off-Market
Year built
1995
Heating
YES
Stories
1
Total area
7,777 SF
Lot
0.81 ac (35,284 SF)
Zoning code
NC
APN
262501-2-032-2004
UPID
US90-0671903
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
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
MEDICAL BUILDING Current
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
1995
Heating
YES
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Central Valley Dental Center L
Individual
Mailing address
4515 TOWHEE DR NW, GIG HARBOR, WA 98332-7871
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Sep 25, 2017
—
Central Vly Dental Ctr LLC
—
Deed
related
$200,000 · Columbia St Bk
Jun 23, 2014
$1,295,000
Central Valley Dental Center L
Burson Ptshp
Warranty Deed
$1,062,500 · Columbia St Bk
Mar 2, 1995
—
Burson Ptshp
Dance,douglas E & Karen A
Quit Claim Deed
related
$950,000 · North Sound Bank
—
—
Burson Ptshp
—
Deed Of Trust
related
$500,000 · Us Bank NA
—
—
Central Vly Dental Ctr LLC
—
Deed Of Trust
related
$200,000 · 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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