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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Office buildings
710 Ericksen NE Ave Bainbridge Island, WA 98110-2835
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0836147
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
5,548 SF
Lot
0.28 ac (12,197 SF)
Zoning code
CITY
APN
262502-2-049-2004
UPID
US90-0836147
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
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$855k
Owner & transaction history
Duncan Macfarlane · 10 yrs held
Duncan Macfarlane
since 2016
7 recorded transactions
Zoning & alternative use
CITY · Bainbridge Island, 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 Bainbridge Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bainbridge Island 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$855k
Range $770k – $941k · ±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
$154 / 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
$7,403
Tax year 2024
Assessed value
$983,820
Assessed 2024
Previous assessed
$983,880
0.0% YoY
Effective rate
0.75%
On assessed value
Assessed land
$600,360
Assessed improvement
$383,460
Land market value
$600,360
Improvement market value
$383,460
Total market value
$983,820
Applied tax rate
215.0000
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
1991
Heating
YES
Stories
1
Total area
5,548 SF
Lot
0.28 ac (12,197 SF)
Zoning code
CITY
APN
262502-2-049-2004
UPID
US90-0836147
Jurisdiction
KITSAP
Zoning & alternative use
CITY · Bainbridge Island, WA
Zoning CITY · permitted uses
CITY · Bainbridge Island, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bainbridge Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Heating
YES
Stories
1
Lot
0.28 ac
Current owner
From public records · entity-resolved
Duncan Macfarlane
Individual
Mailing address
710 ERICKSEN AVE NE STE #201, BAINBRIDGE ISLAND, WA 98110-2835
Ownership since
2016
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
Jan 29, 2016
$954,310
Duncan Macfarlane
Kardong,edward & Elaine
Warranty Deed
$390,000 · Washington Tr Bk
Jan 29, 2016
$661,264
Edward Kardong
Rash LLC
Warranty Deed
—
Mar 13, 2013
$470,675
Rash LLC
Ericksen Avenue Properties LLC
Warranty Deed
—
May 20, 2010
—
Ericksen Avenue Props LLC
Kardong,edward L & Elaine F
Quit Claim Deed
related
—
Nov 20, 1989
—
Don M Drury
Unknown
Quit Claim Deed
related
—
—
—
Edward L Kardong
—
Deed Of Trust
related
$226,000 · North Sound Bank
—
—
Edward L Kardong
—
Deed Of Trust
related
$40,000 · North Sound Bank
—
—
Edward L Kardong
—
Deed Of Trust
related
$790,000 · Us Bank NA
—
—
Edward L Kardong
—
Deed Of Trust
related
$226,000 · North Sound 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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