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Property profile & analytics
OFF-MARKET
Estimated value
$7,785,000
Warehouses
6044 State Hwy 303rd NE, Bremerton, WA 98311-3742
Individually Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-0992924
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1978
Total area
50,000 SF
Lot
3.79 ac (165,092 SF)
Zoning code
C
APN
362501-2-016-2002
UPID
US90-0992924
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
$7.37M
Comparable Approach
Comparable
$9.67M
Blend (final)
Blend
$7.79M
Owner & transaction history
Red Carpet Apartments · 28 yrs held
Red Carpet Apartments
since 1998
6 recorded transactions
Zoning & alternative use
C · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$12.8M
+90.7%
Medical building
$12.1M
+81.5%
Retail stores
$9.5M
+41.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,980,000
6.5%
$7,365,000
7%
$6,840,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,690,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$12,755,000
Change: +91% · Conversion: Moderate
MEDICAL BUILDING
$12,140,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$9,485,000
Change: +42% · Conversion: Moderate
OFFICE BUILDING
$9,415,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,965,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$7.79M
Range $7.01M – $8.56M · ±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
$156 / 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
$78,861
Tax year 2024
Assessed value
$8,916,390
Assessed 2024
Previous assessed
$8,538,820
+4.4% YoY
Effective rate
0.88%
On assessed value
Assessed land
$364,940
Assessed improvement
$8,551,450
Land market value
$364,940
Improvement market value
$8,551,450
Total market value
$8,916,390
Applied tax rate
6,310.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
YES
Buildings
3
Stories
2
Total area
50,000 SF
Lot
3.79 ac (165,092 SF)
Zoning code
C
APN
362501-2-016-2002
UPID
US90-0992924
Jurisdiction
KITSAP
Zoning & alternative use
C · Bremerton, WA
Zoning C · permitted uses
C · 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
$6.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.8M
MEDICAL BUILDING
Est. value
$12.1M
RETAIL STORES
Est. value
$9.5M
OFFICE BUILDING
Est. value
$9.4M
AUTO REPAIR, GARAGE
Est. value
$9.0M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
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
1978
Heating
YES
Stories
2
Buildings
3
Lot
3.79 ac
Current owner
From public records · entity-resolved
Red Carpet Apartments
Individual
Mailing address
5729 LAKEVIEW DR STE #200, KIRKLAND, WA 98033-7443
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2020
—
Player Family LLC
—
Deed
related
$1,282,027 · United Busn Bk
Aug 23, 2010
—
Player Family LLC
—
Grant Deed
related
$1,800,000 · Plaza Bk
Apr 30, 1998
$2,500,000
Red Carpet Apartments
Maxlyn Enterprises
Grant Deed
$1,750,000 · Belgravia Capital Corp
Oct 15, 1990
$256
Maxlyn,ent
Unknown
Grant Deed
related
—
—
—
Player Family LLC
—
Loan Modification
related
$1,282,027 · United Busn Bk
—
—
Red Carpet Apartments LLC
—
Deed Of Trust
related
$2,500,000 · Sterling Savings 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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