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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Office buildings
6536 Kitsap Way Bremerton, WA 98312-1744
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-3312425
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Total area
4,322 SF
Lot
0.43 ac (18,731 SF)
Zoning code
CITY
APN
082401-4-071-2005
UPID
US90-3312425
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
-
Great Peninsula Conservancy Charitable Organization Social Service Agency
-
Safari Electric Llc Electrical Service General Contractor
-
Mii Inc Insurance Agency
-
Mli Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$682k
Blend (final)
Blend
$835k
Owner & transaction history
Great Peninsula Conservancy · 2 yrs held
Great Peninsula Conservancy
since 2023
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
CITY · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+35.5%
Medical building
$1.1M
+28.9%
Retail stores
$820,000
+0.7%
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
$1,040,000
ML approach
$1,085,000
CAP Approach
CAP Return
Estimation
6%
$1,095,000
6.5%
$1,010,000
7%
$940,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$815,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,105,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$1,050,000
Change: +29% · Conversion: Easy
RETAIL STORES
$820,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$775,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $800k (Dec 7 2023)
Last sale anchor
$800k
Dec 7 2023
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
$193 / 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
$4,928
Tax year 2024
Assessed value
$579,200
Assessed 2024
Previous assessed
$579,200
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$139,330
Assessed improvement
$439,870
Land market value
$139,330
Improvement market value
$439,870
Total market value
$579,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
4,322 SF
Lot
0.43 ac (18,731 SF)
Zoning code
CITY
APN
082401-4-071-2005
UPID
US90-3312425
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
OFFICE BUILDING Current
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$820,000
AUTO REPAIR, GARAGE
Est. value
$775,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
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
2008
Heating
NONE
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Great Peninsula Conservancy
Individual
Mailing address
423 PACIFIC AVE STE #300, BREMERTON, WA 98337-1940
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2023
$800,000
Great Peninsula Conservancy
Safari Property Management LLC
Warranty Deed
—
May 24, 2019
—
Safari Property Management LLC
—
Deed
related
$100,000 · Kitsap Bk
Jul 1, 2015
$500,000
Safari Property Management LLC
Junker Steven J & Barbara M
Warranty Deed
$462,500 · Steven & Barbara Junker
Feb 21, 2007
$287,233
Steven J Junker
Nesby LLC
Warranty Deed
$480,000 · Kitsap Community FCU
Mar 5, 1991
$25,000
Lawrence Chong
Unknown
Quit Claim Deed
related
—
—
—
Steven J Junker
—
Deed Of Trust
related
$485,000 · Kitsap FCU
—
—
Safari Property Management LLC
—
Deed Of Trust
related
$370,000 · Kitsap Bk
—
—
Safari Property Management LLC
—
Deed Of Trust
related
$100,000 · Kitsap 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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