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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    703 Hostmark St Poulsbo, WA 98370-7603

    • Assisted living facilities
    • 6,183 SF
    • 5.90 lot acres
    OFF-MARKET
    Value Estimations
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3234202
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 703 Hostmark St

    Year built
    1970
    Lot size
    5.90 lot acres
    Property size
    6,183 SF
    Zone code
    CITY
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    232601-2-274-2003
    APU
    23260122742003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $495,000
      Current use
      AUTO REPAIR, GARAGE
      $750,000
      Change: +52% Conversion: Difficult
      OFFICE BUILDING
      $620,000
      Change: +26% Conversion: Difficult
      RETAIL STORES
      $620,000
      Change: +25% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $610,000
      Change: +24% Conversion: Difficult
      MEDICAL BUILDING
      $580,000
      Change: +18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Poulsbo
    County
    Kitsap
    State
    Washington
    Longitude
    -122.64
    Latitude
    47.7328
    CBSA code
    14740
    CBSA name
    BREMERTON-SILVERDALE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $697,230
    $7,456,340
    $8,153,570
    -
    $697,230
    $7,456,340
    $8,153,570

    Comparable in this City

    • Value Estimation
      $3,825,000
      49,079 SF

      19360 Viking NW Ave

      HOMES (RETIRED, NURSING) • 49,079 SF
      19360 Viking NW Ave, Poulsbo, WA 98370-7205
      View Details
    • Value Estimation
      $21,520,000
      79,946 SF

      1250 Lincoln Rd

      HOMES (RETIRED, NURSING) • 79,946 SF
      1250 Lincoln Rd, Poulsbo, WA 98370-8558
      View Details
    • Value Estimation
      $2,645,000
      70,411 SF

      19160 Frnt NE St

      HOMES (RETIRED, NURSING) • 70,411 SF
      19160 Frnt NE St, Poulsbo, WA 98370
      View Details
    • Value Estimation by Request

      19500 10Th Ave

      Office space
      19500 10Th Ave, Poulsbo, WA 98370
      View Details
    • Value Estimation
      $6,225,000
      37,036 SF

      22180 Olympic College NW Way

      MEDICAL BUILDING • 37,036 SF
      22180 Olympic College NW Way, Poulsbo, WA 98370-6664
      View Details
    • Value Estimation by Request
      2,544 SF

      19170 8th NE Ave

      DENTAL BUILDING • 2,544 SF
      19170 8th NE Ave, Poulsbo, WA 98370-8773
      View Details

    Similar Nearby for Sale

    • $5,300,000

      Poulsbo Development Opportunity

      9.72-acre assemblage for residential development in Poulsbo, WA.
      21555 Urdahl Rd NW, Poulsbo, WA 98370
      View Details
    • $717,000
      1.91 Acres

      Poulsbo Commercial Land - Hwy 305

      Prime Poulsbo location, 1.91 acres, C-3 zoning.
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      View Details
    • $975,000

      Vacant Land in Poulsbo, WA

      Vacant land suitable for development in Poulsbo, Washington.
      7Th Ave NE, Poulsbo, WA 98370
      View Details
    • $1,050,464

      Land Available in Poulsbo, WA

      Land for sale in Poulsbo, Washington. Tax ID: 10260130712001.
      21199 Olhava Way NW, Poulsbo, WA 98370
      View Details
    • $1,500,000
      8,000 SF

      Functional Warehouse in Strategic Location

      8,000 SF warehouse with easy access to major highways.
      5805 NE Minder Rd, Poulsbo, WA 98370
      View Details
    • $1,370,000
      8,000 SF

      New Construction Warehouse and Office

      Under construction warehouse with office space and flexible design.
      26245 Pioneer Way NW, Poulsbo, WA 98370
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      13,480 SF

      Poulsbo Medical Office Suite 104

      Prime Poulsbo Office Space Available
      19365 7Th Ave, Poulsbo, WA 98370
      View Details
    • Contact for pricing
      31,153 SF

      Retail Space in Poulsbo Center

      Retail space with excellent access and abundant parking.
      19561 7Th Ave NE, Poulsbo, WA 98370
      View Details
    • Contact for pricing
      4,500 SF

      New Flex Units in Poulsbo

      High-efficiency industrial development tailored for small to midsize businesses.
      19647 Viking Ave NW, Poulsbo, WA 98370
      View Details
    • Contact for pricing
      1,865 SF

      Poulsbo Office Space Available

      Office space available for lease in Poulsbo, Washington.
      19723-19735 10Th Ave NE, Poulsbo, WA 98370
      View Details
    • $24 SF/Yr
      2,250 SF

      Turn Key Restaurant Opportunity

      Restaurant space with commercial kitchen and seating available for rent.
      19880 7Th Ave NE, Poulsbo, WA 98370
      View Details
    • $0.90 SF/Yr
      24,246 SF

      Scalable Warehouse Space Available

      High-functioning warehouse space suitable for e-commerce, distribution, or industrial teams.
      26287 12 Trees Ln NW, Poulsbo, WA 98370
      View Details
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    Poulsbo, WA 98370-7603
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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