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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Warehouses
6400 Kitsap Way, Bremerton, WA 98312-1746
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US90-0975945
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
14,400 SF
Lot
3.76 ac (163,786 SF)
Zoning code
CITY
APN
082401-4-091-2001
UPID
US90-0975945
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
-
Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.12M
Comparable Approach
Comparable
$2.59M
Blend (final)
Blend
$2.19M
Owner & transaction history
Public Storage · 6 yrs held
Public Storage
since 2019
7 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.5M
+79.8%
Retail stores
$2.7M
+40.5%
Office building
$2.7M
+39.5%
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%
$2,300,000
6.5%
$2,120,000
7%
$1,970,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,945,000
Current use
MEDICAL BUILDING
$3,495,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$2,730,000
Change: +40% · Conversion: Moderate
OFFICE BUILDING
$2,710,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,580,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±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
$152 / 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
$114,330
Tax year 2024
Assessed value
$13,438,040
Assessed 2024
Previous assessed
$13,299,630
+1.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$476,250
Assessed improvement
$12,961,790
Land market value
$476,250
Improvement market value
$12,961,790
Total market value
$13,438,040
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
NONE
Buildings
4
Stories
2
Total area
14,400 SF
Lot
3.76 ac (163,786 SF)
Zoning code
CITY
APN
082401-4-091-2001
UPID
US90-0975945
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
WAREHOUSE, STORAGE Current
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
2006
Heating
NONE
Stories
2
Buildings
4
Lot
3.76 ac
Current owner
From public records · entity-resolved
Public Storage
Individual
Mailing address
PO BOX 25025, GLENDALE, CA 91221-5025
Ownership since
2019
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
Dec 12, 2019
—
Public Storage
Interchange X LP
Warranty Deed
—
Oct 19, 2018
$15,993,000
Interchange X LP
Kitsap Lake Storage LLC
Warranty Deed
—
Jan 18, 2007
—
City Of Bremerton
Kitsap Lake Storage LLC
Quit Claim Deed
related
—
—
—
Charles E Bair
—
Deed Of Trust
related
$835,000 · Frontier Bank
—
—
Kitsap Lake Storage LLC
—
Deed Of Trust
related
$835,000 · Frontier Bank
—
—
Kitsap Lake Storage LLC
—
Deed Of Trust
related
$370,000 · Frontier Bank
—
—
Charles E Bair
—
Deed Of Trust
related
$5,845,000 · Frontier Bank
—
—
Kitsap Lake Storage LLC
—
Deed Of Trust
related
$7,050,000 · Frontier Bank
—
—
Kitsap Lake Storage LLC
—
Deed Of Trust
related
$6,788,985 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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