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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Office buildings
797 Riddell Rd Bremerton, WA 98310-3030
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US90-1425863
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
2,952 SF
Lot
0.74 ac (32,234 SF)
Zoning code
NC
APN
022401-1-005-2008
UPID
US90-1425863
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
-
Rory Jefferson, DDS Dental Office
-
Erika Smith Macdonald Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$878k
Blend (final)
Blend
$815k
Owner & transaction history
Jefferson Investments LLC · 22 yrs held
Jefferson Investments LLC
since 2004
6 recorded transactions
Zoning & alternative use
NC · Bremerton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+138.6%
Neighborhood: shopping center
$755,000
+35.5%
Medical building
$715,000
+28.9%
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%
$750,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$555,000
Current use
COMMERCIAL (GENERAL)
$1,325,000
Change: +139% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$755,000
Change: +35% · Conversion: Difficult
MEDICAL BUILDING
$715,000
Change: +29% · Conversion: Easy
RETAIL STORES
$560,000
Change: +1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$530,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$276 / 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
$5,742
Tax year 2024
Assessed value
$656,650
Assessed 2024
Previous assessed
$656,650
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$256,370
Assessed improvement
$400,280
Land market value
$256,370
Improvement market value
$400,280
Total market value
$656,650
Applied tax rate
6,580.0000
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
2005
Heating
NONE
Stories
1
Bathrooms
1
Total area
2,952 SF
Lot
0.74 ac (32,234 SF)
Zoning code
NC
APN
022401-1-005-2008
UPID
US90-1425863
Jurisdiction
KITSAP
Zoning & alternative use
NC · Bremerton, WA
Zoning NC · permitted uses
NC · 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
$555,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$755,000
MEDICAL BUILDING
Est. value
$715,000
RETAIL STORES
Est. value
$560,000
AUTO REPAIR, GARAGE
Est. value
$530,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
2005
Heating
NONE
Stories
1
Bathrooms
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Jefferson Investments LLC
Entity
Mailing address
797 NE RIDDELL RD, BREMERTON, WA 98310-3030
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2004
$170,955
Jefferson Investments LLC
Steinman,steven J & Jduy A
Grant Deed
$141,500 · Kitsap Bank
Sep 30, 1994
$106,000
Donal T Ford
Ethel E Toppia Estate
Grant Deed
$73,500 · University Savings Bank
—
—
Jefferson Investments LLC
—
Deed Of Trust
related
$658,750 · Bank Of America
—
—
Jefferson Investments LLC
—
Deed Of Trust
related
$675,000 · Kitsap Bank
—
—
Jefferson Investments LLC
—
Deed Of Trust
related
$273,250 · Bank Of America
—
—
Jefferson Investments LLC
—
Deed Of Trust
related
$200,000 · 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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