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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Warehouses
5902 Sherman Hts Rd, Bremerton, WA 98312-4824
Entity Owned
8-yr Hold
Free & Clear
Property ID
US90-1314295
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1990
Total area
4,829 SF
Lot
18.09 ac (788,000 SF)
Zoning code
MRO/IND
APN
282401-3-068-2008
UPID
US90-1314295
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
-
Kitsap Reclamation-Materials Building Supply
-
Arcosa Aggregates- Kitsap Building Supply
-
Sound Excavation Inc Construction Company General Contractor
-
Lomann Civil Contractors Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$675k
Blend (final)
Blend
$550k
Owner & transaction history
Krm Real Prop Invs LLC · 8 yrs held
Krm Real Prop Invs LLC
since 2018
Last sale
$1,500
3 recorded transactions
Zoning & alternative use
MRO/IND · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$915,000
+40.5%
Office building
$910,000
+39.5%
Auto repair, garage
$865,000
+32.8%
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
$380,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$650,000
Current use
RETAIL STORES
$915,000
Change: +40% · Conversion: Moderate
OFFICE BUILDING
$910,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$865,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $2k (Feb 8 2024)
Last sale anchor
$2k
Feb 8 2024
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
$114 / 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
$4,307
Tax year 2024
Assessed value
$523,530
Assessed 2024
Previous assessed
$490,130
+6.8% YoY
Effective rate
0.82%
On assessed value
Assessed land
$197,000
Assessed improvement
$326,530
Land market value
$197,000
Improvement market value
$326,530
Total market value
$523,530
Applied tax rate
8,170.0000
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
1990
Heating
YES
Buildings
3
Stories
1
Total area
4,829 SF
Lot
18.09 ac (788,000 SF)
Zoning code
MRO/IND
APN
282401-3-068-2008
UPID
US90-1314295
Jurisdiction
KITSAP
Zoning & alternative use
MRO/IND · Bremerton, WA
Zoning MRO/IND · permitted uses
MRO/IND · 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
WAREHOUSE, STORAGE Current
Est. value
$650,000
RETAIL STORES
Est. value
$915,000
OFFICE BUILDING
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$865,000
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE 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
1990
Heating
YES
Stories
1
Buildings
3
Lot
18.09 ac
Current owner
From public records · entity-resolved
Krm Real Prop Invs LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3377 BETHEL RD SE STE 107STE107, PORT ORCHARD, WA 98366-5608
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2018
—
Krm Real Prop Invs LLC
Lockhart,patrick M & Cheryl A
Grant Deed
related
—
May 17, 2018
—
Krm Real Prop Invs LLC
Lockhart,patrick M & Cheryl A
Warranty Deed
—
Jan 14, 1998
$30,000
Patrick Lockhart
Cyr,jack
Grant Deed
—
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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