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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Office buildings
632 5th St Bremerton, WA 98337-6011
Entity Owned
1-yr Hold
Free & Clear
Property ID
US90-1434270
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1947
Total area
12,800 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CITY
APN
3718-016-010-0001
UPID
US90-1434270
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
-
IBEW Advocacy Group
-
Kitsap Opera Theater & Performing Art Venue Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$470k
Blend (final)
Blend
$690k
Owner & transaction history
5th Street Development LLC · 1 yrs held
5th Street Development LLC
since 2025
Last sale
$665,000
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
$710,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $665k (Mar 20 2025)
Last sale anchor
$665k
Mar 20 2025
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
$54 / 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
$5,263
Tax year 2024
Assessed value
$618,560
Assessed 2024
Previous assessed
$597,370
+3.5% YoY
Effective rate
0.85%
On assessed value
Assessed land
$117,150
Assessed improvement
$501,410
Land market value
$117,150
Improvement market value
$501,410
Total market value
$618,560
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
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
1947
Heating
YES
Stories
1
Total area
12,800 SF
Lot
0.19 ac (8,276 SF)
Zoning code
CITY
APN
3718-016-010-0001
UPID
US90-1434270
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Bremerton, WA
Zoning CITY · permitted uses
CITY · 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.
Building & site characteristics
From public records
Year built
1947
Heating
YES
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
5th Street Development LLC
Entity
Free & Clear · 1 yrs held
Mailing address
31936 SE LK WALKER RD, ENUMCLAW, WA 98022-7607
Ownership since
2025
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
Jul 21, 2025
—
5th St Development LLC
—
Deed
related
$422,500 · Pacific Crest Savings Bank
Jun 20, 2025
$665,000
5th Street Development LLC
Lukebproperties LLC
Warranty Deed
—
Dec 14, 2021
$625,000
Lukebproperties LLC
Bremerton Investment Property LLC
Warranty Deed
$570,000 · Bremerton Investment Property LLC
Nov 21, 2014
$100,000
Bremerton Investment Property
Pacific Northwest Regional Cou
Grant Deed
—
Aug 1, 2011
—
Pacific Northwest Regional Cou
Pacific Northwest Regional Cou
Quit Claim Deed
related
—
—
—
Carpenters & Joiners Of America
—
Deed Of Trust
related
$45,662 · Kitsap Bank
—
—
Carpenters Union 1597
—
Deed Of Trust
related
$45,662 · 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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